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Another -Background for everyone
All throughout this period bullish gold traders have lost their shirts trying to bet on the price of gold. It wasn't until around 1995? or 1996? that these same traders even began suspecting that the price of gold was manipulated.
All throughout this period bullish gold traders have lost their shirts trying to bet on the price of gold. It wasn't until around 1995? or 1996? that these same traders even began suspecting that the price of gold was manipulated.
As years turned into decades, hard money traders plunged their savings into our gold markets as up and down cycles drained their leveraged gold wealth. All the while thinking that the highs and lows, that were killing them, were just the ebb and flow of paper prices representing>
the fundamental demand and supply of physical gold. With Mises like faith they knew, someday, the ccy inflation that has driven our financial markets and economies upward, would meet its end; finally taking their leveraged gold position to the top. It didn't happen.
Me: To be fair , something did end up happening. We had the 2001-2008 run from 300 to 1000. But as Another said here, that still wasn't a inflationary breakdown and resulting gold run. That was a gold/oil reval run. The USD breakdown run STILL in 2020 , hasn't happened.
