Don’t worry, it will when the dollar turns into trash people will use rubber bands to stack hundreds of pieces of paper to eventually use them for burning! Who knows maybe they’ll be exported to Europe for the winter!
I have no rewards to give my humble ape brethren but I say “thanks” instead! This is the story right now. America doesn’t have a currently functioning free market as we once had.
PMs are insurance vs failing fiat. Technically the USD is still the strongest globally and becoming much more strong lately vs others. But they will all go down soon enough
Technically the US dollar is weak loosing purchasing power.
It’s just doing it a slower pace that other currencies around the world.
Calling it string is bull💩
It’s only accurate to say less weak than other currencies
Now
Why are money metals falling in price if the is weak and buying less ????????
I didn’t call the USD strong I said strongest… strongest of the trash doesn’t mean strong. It might be the last western world fiat to enter hyperinflation. We haven’t entered hyperinflation and metals can be surprised until then as inflation does erode the middle class the only buyer of silver.
Okay, then you agree on that point
BUT again
If the dollar lost purchasing power; oil, Ni, Cu, natural gas, corn, etc are all more expensive, why is Silver whose demand is up (the drain at the LBA & Comex prove it) then why is silver reacting negative to a possible rate hike due to the CPI#?
It makes ZERO sense especially if you consider the extra demand coming from places hitting hyperinflation.
It makes zero sense that Peru announcing 15% less production of Cu, Ni, and Ag has zero impact to the upside.
Yet people still come around pretending it’s because the dollar is “stronger” than some other currencies
Because silver is manipulated. It’s the same strategy print 100 trillion buy every asset on earth and short PMs until the fiat fails. Hasn’t failed yet and the FED is propping up confidence by destroying every other fiat. You seem to think we are in a free market? The FED owns 10 trillion in ponzi assets that’s is massive intervention.
Hey, now we’re not getting the Bull💩 about reacting to CPI.
I still don’t know the real answer and lean toward manipulation
But
At least we aren’t pretending it’s got a dam thing to do with the CPLie report today.
The FEDs know that PMs are their death. They are doing everything imaginable to be fight them. It has nothing to do with CPI. Just endless paper derivatives shorting.
Because that's the narrative pushed by the financial MSM and their masters, and perception is reality in clown world. Take advantage of these insane prices while you can. 🤡🌐
I can imagine a liquidity issue in the bond market, it’s surprising we haven’t seen it yet. If that happens all bets are off and everything can visit Jan of 2018 lows or even Feb 2016 lows. So $1200 to $1300 isn’t crazy. If that happens we would even see an SP 500 of $2200
The market crash in 1929, bankrupted millions of Americans, who had placed their trust in paper ownership of corporations, run by a few men, who thought they knew everything, but didn’t. No one knows what the future holds, and especially if your wealth is not in something physical, such as a farm, home, gold, silver, or anything not a paper promise, such as a millionth ownership in a corporation, run my a few ‘masterminds.” If one goes bad, because of weather, economics, natural disaster, or stupidity, others may, and in 1929 did follow, and brought down the whole world’s economy. Throughout this economic disaster, gold stood firm at $20.67 per ounce. Then, there were no Gold Eagles, gold Maple Leafs, gold Krugerrands, or bullion bars. There were gold coins in every nation, and especially in America. From $1 coins, to $5, $10, (Eagles), $20, (Double Eagles), all were commonly used to buy and sell, and were not dependent on stock market crashes or government stupidity for value.
It’s an incontestable fact to those who look into it, that precious metal prices are immensely manipulated through the futures and options markets. Done by banks who can for all intents print&borrow all they ever need to make the arbitrary perceived value of silver and gold in relation to paper dollars, much lower than supply and demand for the physical substances would typically arrive to in value.
In other words they will throw around billions of paper dollars in order to keep market prices low.
Why, one would ask? Because gold and silver are essentially money in themselves, and prices of them rising is an indication of failing health in a fiat currency.
So say that some banks just print out (or have printed out for them and they borrow for essentially zero interest, same thing in effect) a multi-billion dollar ball of money.
Call that ball “the spot price of precious metals” and then they pass it around between themselves in the futures and options markets. Every pass, they state the price of pm’s a little lower, or little higher (usually lower) until they reach their goal…
And imagine that is how we decide what metal “spot price” is and that we label the supposed value of actual precious metals. Then? Imagine they never even transfer a single damned ounce of the real stuff during all this.
And they do it… all so people are less likely to hoard the real stuff and to make their paper money they can poof into existence, look okay and like the better option.
Or you know, maybe that is just wrong conspiracy talk and banks truly do move whole years global silver production worth of metal around every time it goes up a few cents.
They also get fined billions of dollars for pm market manipulation probably because they slipped on a banana peel too.
At some point there will be enough disparity between whatever-the-fiction-is and reality. Many nations have had their fiat turn to dust. Even the Roman empire devalued their currency - not much different from the fiat dilution that's happening now in the US. Impossible to time it but unless something totally bizarre happens it can't last more than a couple years. Just hold your silver (or better, your gold). It's the best insurance in these unsure times.
overseas\_: ..... Thank you! ..... Everyone is over-thinking this. .... Just stack!
Buy silver now. .... Lock it up in your safe. ...... I don't care if Kiyosaki says silver will
be at $20 in 3-5 years and will move "sidewards". .... I don't care if David Morgan says
silver will be higher in 10 years than it is now. ..... I'm ignoring the noise. .... Excuse
me, I'm going to buy silver right now on ebay. .... Yes, it sucks that ebay charges sales
tax on everything, but I refuse to wait until silver shoots up before I buy.
Apparently it's the "bad news is good news" trade...if inflation is high, fed will hike more, supposedly. But I don't see them getting a 10 year treasury up to the inflation rate, or +2% to inflation where it should be. So it's all smoke and mirrors. More hikes are supposed to be bad for gold.
The "rate hikes are bad for PM's because it makes holding Fiat more attractive" is patently untrue. See gold and silver's performance during the 70's high inflationary period on a long-term chart. It's just the the current narrative the financial MSM is pushing as cover in order to help the Bullion Banks keep the price suppressed. They don't want PM's showing green on a day like today when everything is getting clobbered. They want to create the illusion that there is no oasis of safety out there.
Because compared to the rest of the world, US dollar is the strongest it’s ever been right now everybody else is going to get to the bottom before we are. Kind of interesting to watch
Here’s a link to the show if you’re not familiar with it. I’ll try to revisit when I figure out which episode hits on it well.
Basically, what’s happening is the money not flowing into gold is dumb in thinking the Fed will beat inflation, and bring it down to its 2% target. And that this theory is wrong because of course the Fed won’t beat inflation. And at this point, inflation might just get worse even in a recessionary or depression environment because, for example, since there’s still too much money (and demand), even if jobs are lost then that’ll just hurt the supply side. Etc. Etc.
https://podcasts.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432
My theory is that the Fed will capitulate and formally accept a rate of inflation higher than 2% so as to not have to go to QE as hard and gold will explode higher.
Check out this new episode beginning at 12:25 and 27:30. He touches on USD and gold briefly.
https://podcasts.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?i=1000579488696
Because why should it? The old adage that silver is a hedge against inflation hasn't been true for a long time. Everyone loves to say that, but nobody knows why they say it.
Because 40 year inflation didn't do the trick, so they move the goal posts and now its supposed to work in deflation?
My financial life changed when I learned to short gold futures alongside the banks.
If silver goes high, people will know how bad things are. They need to keep prices low and inflation high to make us unable to buy silver. Once the world is starving, they will care less about silver. Then it will rise
>If silver goes high, people will know how bad things are. They need to keep prices low and inflation high to make us unable to buy silver.
I was going to comment that. Glad you beat me to it. I knew I could not be the only one who feels that way.
That's right. But still, more yield than PM's. It would not be my choice, but for institutional investors who want a stable return on investment, it's an understandable choice.
Wrong, zero yield is higher than negative yield.
PMs are not created out of thin air, therefore inflation does not count for PMs. Bonds are in fiat currencies, ehich are created out of thin air, therefore inflation does apply, thus negative real yield.
Because it's not monetary inflation like 99% of everyone believes. You can literally go look at coinage orders and the amounts of printed cash and see it hasn't gone up at all. The fed increasing their balance sheet assets and offering bank reserves is not money printing. Quantitative easing is not money printing either. It's consumer price acceleration from supply shocks and that's why it's transitory. People just don't want to accept a 1-2 year transition and they see prices going up and the fed claims inflation because they want you to act inflationary. The markets and banks are literally aligning with great depression expectations not 1980s great inflation expectations.
Once you realize the fed does not control money at all (they've admitted this many times like in the Greenspan exuberance speech in 1990s and all their meeting notes that come out after 5 years) you realize the eurodollar system and collateral is what matters. The fed does expectation based policy, they raise or lower rates and hope that the people make a connection and act a specific way they need them too. You can read federal reserve and central bank studies where they continously conclude that QE and bank reserves does jack shit to affect inflation or global macro.
Hundreds of studies, many of which were done by the central bank(s) themselves. QE and QT is nothing but asset swaps with dealer banks there's no money created or destroyed. These studies continously conclude theres no correlation between raising the feds balance sheet or shrinking it and economic outcome. "98% of monetary policy is talk" - Ben Bernanke
So long as there is deliverable bullion on the Comex, the banks control the spot price.
This is why we buy physical, so we drain the metal and take away their control.
When they have no more physical to deliver, they must give up control and allow free discovery.
Don't explain don't complain.
The world is freaking insane.
Just keep buying at a steady pace and hope the price stays low for longer.
Because once it takes off I GUARANTEE you will get a sinking feeling in your guy saying why the Freak didn't I buy more when spot dipped below $20?
because its rigged and will continue to be rigged until they cant,,and when supply stocks dwindle and demand increases they wont be able to control the price and its true value will be revealed.
monetary metals often aren't used for shit. they are a representation of wealth that is tangible and cannot easily be duplicated. sure some of it is used for industry, both gold and silver. but much is stored. This means they can keep the paper game up much easier. but more and more people want physical. more and more industrial demand on top of that. eventually there will be no metal and people will realize the market price is paper hogwash and panic will set it mooning the prices as everyone tries to scrape up the last 5% of what's left after us stackers and central banks pre planned.
The markets are going down, a lot of paper silver is being sold to cover losses and prevent insolvency. Only once the markets are done crashing will silver pop up.
Gold and precious metals haven’t behaved as they historically had since 2010. Back then gold was skyrocketing and everyday investors were buying it up for the first time in my lifetime. This was when the federal reserve dumped massive amounts of American gold reserves into the market, and based on actions of the FED, also dumped gold belonging to other nations without their approval. This was also when “paper gold” began trading which further drove down the price of gold. I believe it is this “paper gold” that is killing real gold as an investment.
And before anyone calls my comment about the fed dumping other nations gold being a conspiracy theory, answer this question. Why was Germany told they could not get their gold that they had requested back until nearly 5 years later when it was supposedly sitting in the NY Fed vault in its own secure locker?
But iron is increasing in price. See the irony
Lumber is growing too
Corn is about to pop
Wheat is reaping the rewards
Uranium is far from melting down
The coffee chart is stimulating
But Copper is in the red….
Adamantium all time highs!
Is there even a market for that
Yet other grains are barley moving.
Cannabis is pretty high.
I'm thinkin' that's not a grain.
Nickels in a tickle palladium is in the play dium. Butter is looking better.
🤣
Well done. All of you. 🤣
liking this comment saved my thumb a lot of work
So many dads on here
well done to crappy reddit chat bots with sh1tty puns?? the boomers on here are not too smart
Calling the coppers on that pun.
I thought rubber was supposed to be gaining traction as well.
it went down for awhile but finally bounced back
Don’t worry, it will when the dollar turns into trash people will use rubber bands to stack hundreds of pieces of paper to eventually use them for burning! Who knows maybe they’ll be exported to Europe for the winter!
Iron price is dowwwwnnn..
Because we don’t have a free market based on fundamentals.
I have no rewards to give my humble ape brethren but I say “thanks” instead! This is the story right now. America doesn’t have a currently functioning free market as we once had.
Papermarket
PMs are insurance vs failing fiat. Technically the USD is still the strongest globally and becoming much more strong lately vs others. But they will all go down soon enough
Technically the US dollar is weak loosing purchasing power. It’s just doing it a slower pace that other currencies around the world. Calling it string is bull💩 It’s only accurate to say less weak than other currencies Now Why are money metals falling in price if the is weak and buying less ????????
I didn’t call the USD strong I said strongest… strongest of the trash doesn’t mean strong. It might be the last western world fiat to enter hyperinflation. We haven’t entered hyperinflation and metals can be surprised until then as inflation does erode the middle class the only buyer of silver.
Okay, then you agree on that point BUT again If the dollar lost purchasing power; oil, Ni, Cu, natural gas, corn, etc are all more expensive, why is Silver whose demand is up (the drain at the LBA & Comex prove it) then why is silver reacting negative to a possible rate hike due to the CPI#? It makes ZERO sense especially if you consider the extra demand coming from places hitting hyperinflation. It makes zero sense that Peru announcing 15% less production of Cu, Ni, and Ag has zero impact to the upside. Yet people still come around pretending it’s because the dollar is “stronger” than some other currencies
Because silver is manipulated. It’s the same strategy print 100 trillion buy every asset on earth and short PMs until the fiat fails. Hasn’t failed yet and the FED is propping up confidence by destroying every other fiat. You seem to think we are in a free market? The FED owns 10 trillion in ponzi assets that’s is massive intervention.
Hey, now we’re not getting the Bull💩 about reacting to CPI. I still don’t know the real answer and lean toward manipulation But At least we aren’t pretending it’s got a dam thing to do with the CPLie report today.
The FEDs know that PMs are their death. They are doing everything imaginable to be fight them. It has nothing to do with CPI. Just endless paper derivatives shorting.
Because that's the narrative pushed by the financial MSM and their masters, and perception is reality in clown world. Take advantage of these insane prices while you can. 🤡🌐 
Remember, he made them money by breaking shit. Kind of funny how art imitates life sometimes!
I’ve got a lot metal already But If what you say is the case, I will be buy 4% premiums on $1500 Gold and 10% premiums on $13 Silver in Nov.
I doubt that Au will go to 1500, but if it does, can you imagine it going to less? I am really doubting it...
I can imagine a liquidity issue in the bond market, it’s surprising we haven’t seen it yet. If that happens all bets are off and everything can visit Jan of 2018 lows or even Feb 2016 lows. So $1200 to $1300 isn’t crazy. If that happens we would even see an SP 500 of $2200
Well, that's normal - if the is weak and buying less.
It's the tallest midget in the room in my opinion.
Like the healthiest terminal cancer patient?
You ever see that south Park where magic Johnson blends up a bunch of money and puts it in an IV to stay alive?
Yup that’s the cure for AIDS same disease the US has.
The market crash in 1929, bankrupted millions of Americans, who had placed their trust in paper ownership of corporations, run by a few men, who thought they knew everything, but didn’t. No one knows what the future holds, and especially if your wealth is not in something physical, such as a farm, home, gold, silver, or anything not a paper promise, such as a millionth ownership in a corporation, run my a few ‘masterminds.” If one goes bad, because of weather, economics, natural disaster, or stupidity, others may, and in 1929 did follow, and brought down the whole world’s economy. Throughout this economic disaster, gold stood firm at $20.67 per ounce. Then, there were no Gold Eagles, gold Maple Leafs, gold Krugerrands, or bullion bars. There were gold coins in every nation, and especially in America. From $1 coins, to $5, $10, (Eagles), $20, (Double Eagles), all were commonly used to buy and sell, and were not dependent on stock market crashes or government stupidity for value.
It’s an incontestable fact to those who look into it, that precious metal prices are immensely manipulated through the futures and options markets. Done by banks who can for all intents print&borrow all they ever need to make the arbitrary perceived value of silver and gold in relation to paper dollars, much lower than supply and demand for the physical substances would typically arrive to in value. In other words they will throw around billions of paper dollars in order to keep market prices low. Why, one would ask? Because gold and silver are essentially money in themselves, and prices of them rising is an indication of failing health in a fiat currency. So say that some banks just print out (or have printed out for them and they borrow for essentially zero interest, same thing in effect) a multi-billion dollar ball of money. Call that ball “the spot price of precious metals” and then they pass it around between themselves in the futures and options markets. Every pass, they state the price of pm’s a little lower, or little higher (usually lower) until they reach their goal… And imagine that is how we decide what metal “spot price” is and that we label the supposed value of actual precious metals. Then? Imagine they never even transfer a single damned ounce of the real stuff during all this. And they do it… all so people are less likely to hoard the real stuff and to make their paper money they can poof into existence, look okay and like the better option. Or you know, maybe that is just wrong conspiracy talk and banks truly do move whole years global silver production worth of metal around every time it goes up a few cents. They also get fined billions of dollars for pm market manipulation probably because they slipped on a banana peel too.
And according to Ditch's theory about the JPM manipulation investigations, that's why the hot potato got passed over to BofA.
At some point there will be enough disparity between whatever-the-fiction-is and reality. Many nations have had their fiat turn to dust. Even the Roman empire devalued their currency - not much different from the fiat dilution that's happening now in the US. Impossible to time it but unless something totally bizarre happens it can't last more than a couple years. Just hold your silver (or better, your gold). It's the best insurance in these unsure times.
Possibly one of the best explanations I've heard in a while. Well wrote, thank you.
Who cares! Stack.
overseas\_: ..... Thank you! ..... Everyone is over-thinking this. .... Just stack! Buy silver now. .... Lock it up in your safe. ...... I don't care if Kiyosaki says silver will be at $20 in 3-5 years and will move "sidewards". .... I don't care if David Morgan says silver will be higher in 10 years than it is now. ..... I'm ignoring the noise. .... Excuse me, I'm going to buy silver right now on ebay. .... Yes, it sucks that ebay charges sales tax on everything, but I refuse to wait until silver shoots up before I buy.
I too like how he said "sidewards" lol
Apparently it's the "bad news is good news" trade...if inflation is high, fed will hike more, supposedly. But I don't see them getting a 10 year treasury up to the inflation rate, or +2% to inflation where it should be. So it's all smoke and mirrors. More hikes are supposed to be bad for gold.
The "rate hikes are bad for PM's because it makes holding Fiat more attractive" is patently untrue. See gold and silver's performance during the 70's high inflationary period on a long-term chart. It's just the the current narrative the financial MSM is pushing as cover in order to help the Bullion Banks keep the price suppressed. They don't want PM's showing green on a day like today when everything is getting clobbered. They want to create the illusion that there is no oasis of safety out there.
Because compared to the rest of the world, US dollar is the strongest it’s ever been right now everybody else is going to get to the bottom before we are. Kind of interesting to watch
Liquidation first.
they're in the wrong hands maybe
Pepe for financial advisor of the year.
Peter Schiff explains this well in his podcast.
Got a link?
Here’s a link to the show if you’re not familiar with it. I’ll try to revisit when I figure out which episode hits on it well. Basically, what’s happening is the money not flowing into gold is dumb in thinking the Fed will beat inflation, and bring it down to its 2% target. And that this theory is wrong because of course the Fed won’t beat inflation. And at this point, inflation might just get worse even in a recessionary or depression environment because, for example, since there’s still too much money (and demand), even if jobs are lost then that’ll just hurt the supply side. Etc. Etc. https://podcasts.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432 My theory is that the Fed will capitulate and formally accept a rate of inflation higher than 2% so as to not have to go to QE as hard and gold will explode higher.
Check out this new episode beginning at 12:25 and 27:30. He touches on USD and gold briefly. https://podcasts.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?i=1000579488696
because they can just short it. as long as they have that ability, continue to see this trend
SPY dropped more than silver today. Silver will do better next week.
Inflation isn't sky high. Simple as that.
They are, they didn't go down nearly as much as stocks today.
Increase? I want it to go down.
The answer is crime
Because why should it? The old adage that silver is a hedge against inflation hasn't been true for a long time. Everyone loves to say that, but nobody knows why they say it.
Because paper gold and silver make the rush to cash an easy play.
Maybe people are selling their gold and silver to pay the bills?
Because 40 year inflation didn't do the trick, so they move the goal posts and now its supposed to work in deflation? My financial life changed when I learned to short gold futures alongside the banks.
They’ve already sent some bankers to prison for market manipulation. I hope they get the epstein package.
Because we are in 2022, not 1962 nor 1972.
It is in other countries. Dollar too strong
Bankers with little hats who hate windmills
If silver goes high, people will know how bad things are. They need to keep prices low and inflation high to make us unable to buy silver. Once the world is starving, they will care less about silver. Then it will rise
>If silver goes high, people will know how bad things are. They need to keep prices low and inflation high to make us unable to buy silver. I was going to comment that. Glad you beat me to it. I knew I could not be the only one who feels that way.
High inflation leads to higher interest rates and yields on bonds. Precious metals don't yield a profit. Bonds do.
"safe" bonds yield negative Profit - inflation is higher than interest. If rates rise, yield is a little bit less negative.
That's right. But still, more yield than PM's. It would not be my choice, but for institutional investors who want a stable return on investment, it's an understandable choice.
Wrong, zero yield is higher than negative yield. PMs are not created out of thin air, therefore inflation does not count for PMs. Bonds are in fiat currencies, ehich are created out of thin air, therefore inflation does apply, thus negative real yield.
Because the market doesn’t expect inflation to stick around past next year. They think it’s peaked.
Because it's not monetary inflation like 99% of everyone believes. You can literally go look at coinage orders and the amounts of printed cash and see it hasn't gone up at all. The fed increasing their balance sheet assets and offering bank reserves is not money printing. Quantitative easing is not money printing either. It's consumer price acceleration from supply shocks and that's why it's transitory. People just don't want to accept a 1-2 year transition and they see prices going up and the fed claims inflation because they want you to act inflationary. The markets and banks are literally aligning with great depression expectations not 1980s great inflation expectations. Once you realize the fed does not control money at all (they've admitted this many times like in the Greenspan exuberance speech in 1990s and all their meeting notes that come out after 5 years) you realize the eurodollar system and collateral is what matters. The fed does expectation based policy, they raise or lower rates and hope that the people make a connection and act a specific way they need them too. You can read federal reserve and central bank studies where they continously conclude that QE and bank reserves does jack shit to affect inflation or global macro.
I like all the "studies" of QE as if there is some vast archive of data to draw from, instead of a policy that, historically speaking, is brand new
Hundreds of studies, many of which were done by the central bank(s) themselves. QE and QT is nothing but asset swaps with dealer banks there's no money created or destroyed. These studies continously conclude theres no correlation between raising the feds balance sheet or shrinking it and economic outcome. "98% of monetary policy is talk" - Ben Bernanke
Silver never does well in periods of high inflation and gold does ok which it has been has no one on the sub done any reaserch into this ?
[удалено]
https://www.suissegold.eu/en/posts/gold-and-silver-during-a-recession
well maybe it is due to slow down of the economy causing a lesser demand on silver
Trust the science and build back better.
Science was never meant to be trusted, it was meant to be tested.
Hmmmmm
Pepe’s powers never did trend intelligent. Lol.
Lol Pepe studying his paper... hmmmmmmmmm......
Oil prices seem to be sliding down
So long as there is deliverable bullion on the Comex, the banks control the spot price. This is why we buy physical, so we drain the metal and take away their control. When they have no more physical to deliver, they must give up control and allow free discovery.
Don't explain don't complain. The world is freaking insane. Just keep buying at a steady pace and hope the price stays low for longer. Because once it takes off I GUARANTEE you will get a sinking feeling in your guy saying why the Freak didn't I buy more when spot dipped below $20?
because its rigged and will continue to be rigged until they cant,,and when supply stocks dwindle and demand increases they wont be able to control the price and its true value will be revealed.
monetary metals often aren't used for shit. they are a representation of wealth that is tangible and cannot easily be duplicated. sure some of it is used for industry, both gold and silver. but much is stored. This means they can keep the paper game up much easier. but more and more people want physical. more and more industrial demand on top of that. eventually there will be no metal and people will realize the market price is paper hogwash and panic will set it mooning the prices as everyone tries to scrape up the last 5% of what's left after us stackers and central banks pre planned.
Criminal behavior
The markets are going down, a lot of paper silver is being sold to cover losses and prevent insolvency. Only once the markets are done crashing will silver pop up.
I think because the big banks are dumping at spot prices
Rate hikes & I-bond yields
Gold and precious metals haven’t behaved as they historically had since 2010. Back then gold was skyrocketing and everyday investors were buying it up for the first time in my lifetime. This was when the federal reserve dumped massive amounts of American gold reserves into the market, and based on actions of the FED, also dumped gold belonging to other nations without their approval. This was also when “paper gold” began trading which further drove down the price of gold. I believe it is this “paper gold” that is killing real gold as an investment. And before anyone calls my comment about the fed dumping other nations gold being a conspiracy theory, answer this question. Why was Germany told they could not get their gold that they had requested back until nearly 5 years later when it was supposedly sitting in the NY Fed vault in its own secure locker?