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RE: To My Fellow Silver and Gold Bullion Stackers - I've been hiding something from you and must confess...

in #steemsilvergold8 years ago (edited)

FED and organism like that are dumping silver and gold price because if 1oz of silver used for all technology products production cost 20 dollars, the firm can product it and sell it and doing some profit,
But if the oz cost 1.000 usd, guess price of phones, computers, etc,

But as french revolution in 1789, the guys who are manipulating the system will not continue for long time , because peoples are not dumb, we all knows that gold and silver are in exchange for thousands and thousands years

Where a second black friday will come, and when every one will lost some buying power, they will move on gold,

Moreover please learn about gold ETF, there is 100 etf for 1 kilo of gold, when every holder of gold ETF will want their gold, guess what will happen? 99 will have nothing and 1 will have his gold, so price is going to be amazing, but you should hold physical gold not shity ETF

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Awesome Information!! Thank You very much.