posted on Apr, 6 2009 @ 02:02 PM
Originally posted by andy1033
They totally control this market, all those saying that gold would rise sharply ahve been proven wrong yet again.
If you listen to the guy on the alex jones show that sells gold, is that geeser ever right. They are always saying it will go up through the roof.
People every where are being conned.
I do not understand what you are trying to say, could you be more specific?
The price of gold in 2000 was an average of $284.32 an ounce; in 2008 the average was $889.60. To me that sounds pretty consistent with what the "old
geezer" (lol I love that phrase, I give you a star just for the laugh I got from it) has been saying.
Peter Schiff has also been saying that gold is going to reach $1000.00 an ounce in the near future and he has been pretty much dead on in everything
he has predicted.
As far as what is happening, there is the possibility that the IMF is dumping this gold into the market deliberately to drive gold prices down in
order to accomplish two things. One bring stability to the US Dollar (or at least try to) and reverse its free fall and the obvious reason to have a
tenfold return on their gold in a short amount of time.
Think about what is going on in the world and then apply this simple cliche to it and see what you come up with. "Nothing in life is free." This
could very well be their plan to recover the enormous amounts of money the G20 countries have agreed to inject into the IMF and World Bank to solve
the global economic meltdown.
Just as with the stimulus bill, the bailouts, and the insane budget the US has for this year; the money has to come from somewhere. In the case of the
US, it is going to come from smokers and any other group they single out to tax the hell out of in order to bail out the fat cats.
If you look at this situation it reminds me very much of the illegal immigration problem. There were laws that completely address the issue; however,
they are constantly ignored. The Glass/Stiegal Act which was rescinded by the Clinton Administration was one of those "written in blood" laws that
emerged out of the great depression to insure that the same thing didn't happen again. We can also look at 9-11 and the creation of Homeland
Security, if the FBI were doing their jobs this was avoidable (provided it happened as they say it did which I do not subscribe to), so instead of
fixing the problem we create more bureaucracy to deal with the problem and keep the dysfunctional unit that was responsible in the first place costing
the taxpayers billions of dollars. The problem is simple and the solution is even more simple to all of these issues. Enforce the existing laws and
preform the functions of your department, and stop rescinding laws that you do not understand.
Sorry for getting somewhat off topic, but there is some relevance there.