Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Two US Banks now 100% short silver

Re: Thom Calandra - Gold Plunge Dead Ahead!

posted on Dec 08, 2008 09:16AM

I have no doubt about the desire to slash the gold bulls. Sales are not in the picture but these guys are sooo desperate now. What to do? What to do?

So, seeing that we suspect the U.S. vaults are empty ...or should we assume "swapped and loaned"...but the actual bullion is still there (you don't suppose that posession is 90% of the law do you?) And "suspecting" that western central banks have "loaned and swapped" 20 thousand tons or more...and knowing that the supposed gold that the IMF "holds" is really just a pledge by central banks who are really gold depleted here and have already double loaned and swapped said supposed gold holdings...and knowing that, as mentioned, the U.S. congress must approve of any IMF sales of gold that it does not have..what are we left to assume?...outside of a maniacle pursuit to cloak the truth and buy another day?

Well, there's nothing I know of that prevents more opaque "loans and swaps"...for huge bribes of some sort. So, Italy and whomever are seduced into "loaning and swapping" and the IMF heartily further "loans and swaps" for more seducements and promises behind the scenes...and voila, all this borrowed treasure is loaned (sold: never to be returned? ) to whomever in the east (or perhaps desperate western central banks) and the gold ponzi scheme lives another month or two and creates another few layers such that the underlying entity has been duplicitously replicated many tmes over.

As long as the sh-t doesn't it the fan today or this week...well then...on with the game! They'll figure something out next week/month until it's horribly over and the price of gold and silver go nuts while the dollar implodes. Hey, Barrick has tons and tons of deep storage gold.

Gawd I hate myself when I talk like this. The whole thing makes me feel ill!

Share
New Message
Please login to post a reply