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Topic: Gold Infographic (Read 980 times)

legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
May 27, 2013, 07:23:38 AM
#2
Gold is highly manipulated.  ETFs make it easier to do this, as central banks can run shorts naked or go as long as they like, and they never have to unwind because they can print fiat/issue debt.

The tighter the rubberband is drawn back, the harder it snaps back.


BCF has a Bitcoin ETF.  This can enable high volume trading and also manipulation if backed by anything other than actual Bitcoin.  So far this is the method of operation, if things change or there is competitive ETF with a different model the game changes and we may have to recognize the unbacked fund as invalid.  The CFTC may not come to the rescue.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
May 27, 2013, 06:30:38 AM
#1
Not sure what I'm doing, just wanted to post this because infographic.

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