Our Terms of Use and Privacy Policy have changed. We think you'll like them better this way.

EPISODE # 185 THE HISTORY OF MONEY & WHAT IT MEANS TO YOU TODAY

  • Broadcast in Lifestyle
  • 0 comments
Gnosis Kardia

Gnosis Kardia

×  

Follow This Show

If you liked this show, you should follow Gnosis Kardia.
h:668147
s:9803309
archived

The Great Gold Ponzi Scheme

The Gold market is highly manipulated.  One of the mechanisms used to artificially suppress the price of gold is a financial instrument called an ETF or Exchange Traded Fund.  ETFs are essentially a paper derivative of gold.   Every time gold begins to "break out" and move towards the level at which rightful price should be, the central banks and institutional traders flood the market with more ETFs or what I like to call "Fiat Gold". .../

In December 2015 it was estimated that there were 250 ETFs for each physical ounce of gold.  As of mid May 2016 that number has ballooned to 542.  This means that there are 542 claims against each physical ounce of gold in the market.   In other words, for each 542 ETFs, 541 ounces don't exist..../

The institutions have gotten away with this simply because the majority of ETF transactions settle in cash and not physical metal in a ratio of 2500 to 1.   What's happening more and more as people lose confidence in our over inflated fiat currency, they are moving to gold as a safe haven and are beginning to demand delivery of the metal, not the cash - As this wave continues, the COMEX will be unable to deliver, and the price of gold will skyrocket..../

MORE INFORMATION: ABOUT THE REAL MONEY SYSTEM .../ 

http://https://www.karatbars.com/?page=signup&s=ngonea/  .../

CONTACT: ngonea@yahoo.com / 

 

Comments

 comments