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<p>[QUOTE=&quot;julius, post: 1468226, member: 38622&quot;]The question in my head is why the short positions in silver at JPM and why does gold seem to be artificially low? Someone else mentioned the massive buying of gold by China. Why? Someone else mentioned that central banks would be buying gold/silver if we would return to them as a currency backing.....well someone else correctly asserted that central banks wouldn&#039;t be if gold/silver were money. Fiat currency is backed by faith and by liabilities, specifically faith in repaying said liabilities with more fiat or possibly tangible collateral. Fiat money cannot exist indefinitely, gold and silver or other tangibles are bound by physical laws to exist only in physical form, you can&#039;t make any more than that which exists already in nature (though you could find/mine more thus affecting supply somewhat). </p><p><br /></p><p>There isn&#039;t enough gold/silver to use as currency all around the world to replace fiat. I think some 6 trillion dollars worth of gold exists today, which is but a small piece of the world&#039;s economic pie. A &quot;tangible standard&quot; consisting of gold/silver/platinum/etc could exist if the world held enough of that wealth but I don&#039;t know the specifics of how. The fiat currency will fail when they want it to. I can&#039;t wait personally. Fiat can be manipulated too much and only the people &#039;in the know&#039; are privy to useful and profitable information thereupon. I believe in equally protected natural rights and the right to a fair and impartial financial system. </p><p><br /></p><p>Inflation is theft.[/QUOTE]</p><p><br /></p>

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