Thanks to Sean on this one.. Zinger in South Carolina!! “Over the past three years, gold futures traded on the New York Commodities Exchange (COMEX) have encountered significant accountability problems. Holders of COMEX gold futures have frequently experienced delivery delays of their metals. Once delivered, there have been many reports of inaccurate weight and serial numbers on bars that do not match the holder’s contract.”
“Similar to other commodities, the value of gold and silver is determined by supply and demand, as well as speculation. The Federal Reserve, The London Bullion Market Association, JP Morgan Chase, and HSBC Holdings have practiced fractional-reserve banking and engaged in naked short selling causing artificial price suppression.”
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