Gold must go down 2, 3, 4...
Gold must go down 2, 3, 4...
Is that...
Gold must go down, 2, 3, 4...
Bridge...
Gold must go down, 2, 3, 4...
Swaying yet...
Gold must go down, 2, 3, 4... ?
Of course, they'd be right about crypto stealing market share from gold...
Might even be right about that being the only reason why they've allowed it this long...
And, with the war drums pounding about crypto more than gold right now... 2, 3, 4...
It seems pretty clear where "buy low" can still happen...
Here's a list of the cryptos... stops at 200 but has a "load more" button...
Just imagine if you could make up new monetary metals that way ?
At the top is Bitcoin, of course... at $814 billion market cap...
This Wikipedia link on Gold Holdings shows gold supplies peaked at 38,000 tonnes in 1965... and then DECLINED to 30,000 tonnes in 2007? Makes it better than bitcoin as far as shrinkage in coverage ratios ?
But, where did it go ?
Someone ate it ? The aliens took it ? Who knows ?
Says using 2017 numbers at $1250/oz that: The total value of all gold ever mined, and that is accounted for, would exceed US$7.5 trillion. Update the math using $1,700/oz and that's 10.2 trillion... or around ten times the value of what Xi had excised from the Chinese stock market last week... close to the value of all the bitcoin ?
But, my antennae go up with the weasel words "and that is accounted for"... coming right after they present a chart showing 190 tons of gold, each year, going out of the vault to take a walk one sunny afternoon, and then simply forgetting to come home that night... and then repeating that each year for 42 straight years, from 1965 to 2007 ? Magically ends in 2007... with 8,000 tons wandering off and getting lost...the trend reversing just the year before the bankers practice of mortgage fraud exposed the smoking black hole of fraud in the derivatives market ?
Yeah. That's probably just a coincidence ?
Maybe that's just the amount of tungsten that got winnowed out of the gold supply starting in 1965... ?
The U.S., it says... is the largest single holder with 8,133.5 tons... an interesting number...
Maybe... the U.S. leased most of it out, accounting for the lack of accounting for it... and now it all needs to be returned... ? And, maybe that's what's been driving the wobbly bits in the markets... and the practice of frauds in metals trading... as the bankers have all been struggling to buy gold since 2008... ? China bought only 600 tonnes over 6 years time during "their turn" up to 2015 under the BIS rules ? Imagine having to buy back 8,000 tonnes you had foolishly borrowed... lent... or sold... and couldn't return... ?
Maybe Rand Paul is onto something... ? Time for an audit ?
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