by irdadmin | Apr 5, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
“Bad money drives out good money.” When Gresham put forth this proposition, sovereigns were diluting gold and silver coins with metals of lesser value yet the diluted coins were given the same value for legal tender purposes as the more pure coins....
by irdadmin | Apr 3, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
Unequivocally, gold does not trade on the Comex. The Comex trades paper gold derivatives. It is a futures and options exchange on which a small amount of 100 oz. gold bars change ownership each contract month. The transfer of title is facilitated by the creation of an...
by irdadmin | Mar 31, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals
I truly thought I had seen all that was possible in the creation of paper gold when the Comex rolled out its “pledged gold” category which enabled technically insolvent banks like HSBC and JP Morgan – the only two Comex banks to have taken advantage...
by irdadmin | Mar 30, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
I found it amusing that Zerohedge tried to take credit for reporting the problem of a physical gold shortage on the LBMA and Comex earlier last week. Several of we “gold bugs” have been discussing and reporting on this issue since before the virus crisis...
by irdadmin | Mar 28, 2020 | Financial Markets
“If you infuse Keynes’ economic and monetary theories with LSD you end up with MMT (Mondern Monetary Theory)” While the coronavirus to be sure is the “black swan” that pricked the stock bubble, market forces eventually would have...
by irdadmin | Mar 26, 2020 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The Government and the Federal Reserve are exploiting the virus crisis to implement another bailout – or attempted bailout – of the “Too Big To Fail Banks.” The stimulus Bill approved 96-0 by the Senate gives the Fed a $454 billion taxpayer...
