Thursday, October 16, 2008
Gold is gold, paper is paper, and “Comex gold” is nothing but paper masquerading as gold
Why is gold dropping right now when anyone in their sane mind would expect it to rise? The simple answer to this question is, "because Comex-gold isn't gold" - and because it deceptively pretends to be 'the' price-setter for real gold. Gold is gold, paper is paper, and "Comex gold" is nothing but paper masquerading as gold while simultaneously pretending to be the price-setting medium for actual gold in the world. Now, finally, Comex-gold is in the process of being unmasked. HOW ABOUT PAPER MASQUERADING AS HOUSES? The Limits of Financial Power The financial elites can twist and squirm all they want, but nothing they are able to do within their own limited powers will work. All they can do is shut down markets, shut down banks, or create more debt. Period.