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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (12408)10/10/2008 2:19:27 PM
From: bull_dozer2 Recommendations  Read Replies (1) of 50762
 
E. Charters:

"The banks have stopped lending gold. If you don't lend gold it cannot be sold. The difference between bullion price and comex is $100 an ounce or more. There is currently no run on banks, but there will be for those with over $250,000 in accounts. Where are they going to put it? you guessed it. Ounces. I don't think Obama will like that. First act as prexy will be to call in all the gold out there, and fix the dollar at 1/1000 of an ounce of gold.

The US dollar is up because they are buying it furiously on all the currency markets while they print bonds and sell them to Central banks."

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