It's Ponzimonium in the Gold Market

Posted April 6th, 2010 by spideynw

"...This means that there are thousands of clients – Asian and Middle Eastern governments and sovereign wealth funds among them – who think they own hundreds of billions and perhaps trillions of dollars of gold bullion, and are being charged storage fees on that fantasy bullion, but they really own unsecured gold loans to the banks at a negative interest rate..."

I haven't listened in a

Wayne 5 years 25 weeks 4 days 13 hours ago

I haven't listened in a while, but has FTL covered this yet? The last few weeks have seen more drama in the gold and financial markets than a season of General Hospital.... this is HUGE and the repercussions are damning. The listeners need to be warned, especially those trusting in gold/silver certificates.

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