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lunedì 27 luglio 2015

GLD Continues To Be Looted While The Public Loads Up With Physical



IRD - GLD Continues To Be Looted While The Public Loads Up With Physical
July 27, 2015

From the day back in 2004 that I first read James Turk’s analysis of the GLD ETF, I had suspected that GLD had been created to take investor money and accumulate a large pile of 400 oz bullion bars that would be used eventually to manage the growing western Central Bank short position in paper gold. 

Paper gold being the fraudulent, blunt instrument used to illegally manipulate the price of gold. 

 

(...)  Part of that surge can attributed to the fact that the U.S. mint has suspended sales of silver eagles – aka “poor man’s gold” – until mid-August. Clearly the “poor man” in the United States still wants to convert fraudulent money into real money and has instead resorted to buying 1/10th of an ounce gold eagles. It’s the old income and substitution law of economics, along with law of supply and demand – the foundation of economics.

The point here is that the lower price of gold has triggered an avalanche of physical gold accumulation both globally and in the United States. This means that the behavior of the gold holdings of the GLD Trust are behaving inversely to the observed behavior of the global market for physical gold – i.e. the amount of gold held in “trust” at GLD should be rising, not falling.

The ONLY explanation for this is that GLD is being looted by the bullion banks.

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