tag:blogger.com,1999:blog-8958500.post114785285307030788..comments2021-08-18T22:51:54.129-05:00Comments on Bob's Gold Price Column: There is No Gold BubbleUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8958500.post-1148121550221491512006-05-20T05:39:00.000-05:002006-05-20T05:39:00.000-05:00One more point: some governments are actually incr...One more point: some governments are actually increasing (buying) their holdings of gold like Russia, China and Argentina. There are probably more that most of us do not know about. Germany's central bank I think has now made it clear that they will not be selling their gold despite big political pressure to do so.Bobhttps://www.blogger.com/profile/09244817033388738333noreply@blogger.comtag:blogger.com,1999:blog-8958500.post-1148121159970590332006-05-20T05:32:00.000-05:002006-05-20T05:32:00.000-05:00Well, you can think that, because it is true. They...Well, you can think that, because it is true. They are doing their best right now. Their problem is that they only have so much gold and silver to lease to the bullion banks as they are called (money center/investment banks). They are getting low on actual gold to lease/sell. Central bank/government examples of gold allmost gone: England, Canada, Portugal, Dubia. The US governments hoard of gold has not been audited since the '50s. Hardly anybody actually knows how much physical gold the US government actually has. They have intense pressure on them to conserve what they have left because this game is not over yet. Their objective is to suppress the growth rate of the of the fiat token price of gold and silver. They know that is the best that they can do, that they will ultimately lose the game because of the iron laws of economics. They are playing a game of buying time. The more and longer markets are distorted by governments, the more they will correct when the markets finally get around to finishing their corrections.<BR/><BR/>The thing to keep in mind is that it is the physical spot markets for gold and silver that governments can not really control. Thus spot (physical) markets where the metals are being bought for cash (fiat tokens) ultimately are setting the price of the metals. <BR/><BR/>Governments have to have fiat tokens created more and more out of thin air to artificially enfluence the paper (futures, options) markets for gold and silver. This increased supply of fiat tokens end up finding their way into the spot physical markets. Thus governments are involved in a loosing proposition. Since they are incentivised to only care about the short term to hang onto to what ever power they have, they don't care. They are not playing with their own tokens that they actually worked (created value) to earn. <BR/><BR/>So, just "site tight" like the great Jesse Livermore would say while gold and silver prices go through substantial reactions to the downside on their way to correcting to a much higher fiat token price where they should be considering the massive amounts of tokens that have already been created and will be coming out of paper "assets" and real estate in many counties.<BR/><BR/>BobBobhttps://www.blogger.com/profile/09244817033388738333noreply@blogger.comtag:blogger.com,1999:blog-8958500.post-1148026947947474232006-05-19T03:22:00.000-05:002006-05-19T03:22:00.000-05:00why can't we think that the central banks, Governm...why can't we think that the central banks, Governments and bear cartel may again put their best efforts suppress gold and silver?<BR/><BR/><BR/>SatyaAnonymousnoreply@blogger.com