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Goldgirlme
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(angl) Why Does The "Paper Gold" Price Track The Physical Gold Price ?

- Keith Weiner - keith weiner

Yes, many are those buyers of never-to-exist "gold" (the paper,highly flammable variety) who are stunned that their purchase does not see the Comex 'gold' price advance!!! When supply can be made available at the tap of a few keys, shouldn't it be obvious to all but the most lumpen that they are missing something?!

Is it so hard to decipher that an endless supply of paper gold promises which can never be met -again produced with all the sweat of a tap here and a tap there- is a price CREATION tool. This stuff aint hard, is it? The Comex paper gold price, engineered by a limitless supply of BB paper gold, bears NO relation to the Physical Gold price. None. Behind the scenes, away from public view, the BIS shifts Physical to where its owners (of the BIS) have decided it will go. And the TRUE VALUE price is paid in these inter CB trades. There are people inside this machine, inside the dome. Preciousmetalspete has been there since 1978, and knows all the architects of the game. Check out his blogspot if you want to know how Gold works.

And the clues are blatant, smack in the face! The revelations are brazen if you have your eyes open.... e.g a 7 yr timescale required for the repatriation of a few measly tonnes from FRBNY to Buba?!... How come 7 years? How is that possible? Eyes-opening time!

Commented 4271 days ago

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Beginning of the headline :It's curious, isn't it? So-called "paper gold" (a futures contract) has a price that is not only very close to physical gold, but it remains locked to it. This is despite the fact that "paper gold" is reviled in the gold community. I am writing this on Sunday evening with little liquidity in the market, and yet spot gold (XAU) is 1665.80 and the December future (GC Z3) is 1674.40... Read More

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