7

It's Ponzimonium in the Gold Market

http://www.lewrockwell.com

"...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..."

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spideynw's picture
Created by spideynw 4 years 2 weeks ago – Made popular 4 years 1 week ago
Category: Commodities / Metals   Tags:

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