<<I find it ab-so-LUTE-ly fascinating that no one on this thread has even referred to the White House/Congressional 3AM resolution on this matter on here today as best I can tell. >>
Well, sorry, but quite a long time back (perhaps during your absence) I brought this up when it first reared it's head(but, excuse me, I'm just not going to dig back through those 43.6k posts - guess just lazy). I suspect there could be part of the attached bail out of the gold shorts in the dark recesses of this thing, but there could also now be more jumping onto the short side now.
As it allows banks, brokerages, & insurance companies into each other's businesses & cross lines takeovers, I'd worry if I had a small brokerage house & short. I look up at the wealth of a W. Buffet who currently has an insurance company, a solid history in the jewelry biz(& I'm sure some inventory of all the precious metals), a stack of silver bigger than most governments, enough sharps to really hurt anyone he had a mind to, & conservative in social/political realms.
This could really change the wealth / power balance. Banks & brokerages are far from conservative these days, & the insurance companies are viewed as stodgy(but often very profitable)in most quarters. The banks have been in power but the times they are a changin.
When last these monetary power houses had closer ties (or fewer distinctions), gold had a far greater value in the world. |
