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Gold is now driven by the ETF index, which is suffering from hypothecation ratios that are bad enough to be called utterly corrupt. Yet somehow nobody get's charged.
It's so bad now that buying gold causes the price to go down. Think about that.
Oh I am - absolutely crazy. What I don't get is what happens when the derivatives market and all those people holding onto paper gold demand their bullion and realise it does not exist.
€35k per kilo I think at the moment, would not be surprised if gold surged beyond €100k per kilo during the next crash.
Gold is now driven by the ETF index, which is suffering from hypothecation ratios that are bad enough to be called utterly corrupt. Yet somehow nobody get's charged.
It's so bad now that buying gold causes the price to go down. Think about that.
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