VoyForums
[ Show ]
Support VoyForums
[ Shrink ]
VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5 ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 9:37:08 4/23/23 Sun
Author: Jasper ()
Subject: Old news to us but it reinforces our determination.

.
Why Banks Short Gold
He gives the reader the rationale by which banks have been profitably shorting Gold since futures were invented. Here is our translation of that same sentence at top.

Translated from the original Zoltanese:

Banks have been using rehypothecation for decades fearlessly with approval of global governments who in turn promised them Gold would never be used as a settlement medium—i.e. have a practical use — again.

Stated as a bank trader once said: Gold? We can short it until the cows come home. Why? Because not only is it unconsumed/indestructible, it isn’t used for anything anymore. Its price is how much more USD money we have to pay you to delay delivery. It’s a collectible, a pet rock, and nothing else. Short it. Government1 can’t let it back in as an MOE. If they did it would destroy them. If we go under, they go under. 2

Zoltan is telling us indirectly what Banks and Nations fear about this Gold-as-settlement-medium concept.

https://vblgoldfix.substack.com/p/zoltan-gold-mageddon-deconstructed

Last edited by author: Sun April 23, 2023 09:38:10   Edited 1 time.

[ Next Thread | Previous Thread | Next Message | Previous Message ]

[ Contact Forum Admin ]

Forum timezone: GMT-5
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.