Latest Gold Price drop from $1920 to $1750

Discussion in 'Bullion Investing' started by Brian Calvert, Jun 21, 2021.

  1. Brian Calvert

    Brian Calvert Active Member

    This pullback had nothing too do with FED speak. What Jerome Powell had to say last week. Nor did it have anything to do with the dollar rising from a 90 handle up to a 92.
    It had everything too do with Bullion Bank Manipulation of the price, PERIOD !
    2B ounces of Silver were shorted with Unallocated ounces (not there) via Derivative Contracts. It is beyond Absurd how far the FED, Banks, Politicians allowing this they will go to Protect the USA Dollar hegemony.

    The FED with support of unknowing politicians does whatever it wants now. I would suspect a handful of politicians, including Janet Yellen know what is happening. I can also guess AOC has not a clue and rolls with the punches.

    Not one gold bar was Sold during this pullback, only PAPER, Paper derivative Contracts. This is what controls NOW the price of your collector coins, and bullion. It will end at some point in the future. This isnt an argument of coins, bullions, real estate, wallstreet, stocks, bonds, bitcoin, altcoins. All are a great way to make money if you know when to buy and when to sell. Yet, we are at a cross roads. The Country has 172 TRILLION of unfunded liabilities. This is what we have done since the early 1980s. Destroy a nations ability to care for all its people.

    Everyone is busy playing Identity politics, roe v wade, right vs left, white vs black. north vs south, red vs blue and the FED, its friends and family in the banking and wallstreet sector are walking away with all the profits.

    I am sure some on here did a great job raising kids, now have grandkids whom do well. That can only be the case if they put their head down, studied, made the correct contacts and chose the correct field. Kudo's too those grandpa's... I for one have one kid and she does well, because she chose this path. What is missing ? The ability to get out of high school ONLY and earn a living suitable to LIVING in this country. Those days are gone, probably forever. All because we chose to let it happen.

    Been saying it on here since 2018, make sure you prepare for what is coming... They never tell you up front things will get worse, they ALWAYS tell you things will get better...
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

  4. Rheingold

    Rheingold Well-Known Member

  5. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Wish we were collectively worth enough to pool our funds, buy those contracts, and bust their manipulative butts!
     
    Gilbert likes this.
  6. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    If I remember correctly, wasn't there a large gap between paper and physical bullion prices at the start of the pandemic, due in part to increased demand for physical gold? My philosophy is and has always been the same: if I can't hold it, it's not gold!
     
    fretboard likes this.
  7. derkerlegand

    derkerlegand Well-Known Member

  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    So... the market goes up and down, tell
    me something I don’t know..LOL
     
  9. fretboard

    fretboard Defender of Old Coinage!

    Yes, the manipulation goes on and on, all you can really do is be aware of it and prepare for what's coming as our fiat currency won't last forever and maybe not even another 30 years. :cigar:
     
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    The real reason Gold dropped was I found I have a lot more than I realized.
     
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    These days nothing is certain, you have to
    go with your gut and mine says buy.
     
  12. fretboard

    fretboard Defender of Old Coinage!

    I agree my gut says buy as well, I just don't have as much fiat currency as others have! 112.gif
     
    Etcherman likes this.
  13. -jeffB

    -jeffB Greshams LEO Supporter

    Y'know, you could undo all this damage that you've done if you'd just give it away to random CoinTalkers. ;)
     
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I will take some as well, I promise I won’t say
    no...LOL
     
  15. crazyd

    crazyd Active Member

    I know plenty of folks in the trades (no college) who do just fine. There are shortages in many of these trades as well as things like truck drivers. Then all the college degrees in need like IT, nursing, engineering, etc. Not enough young people graduating with these degrees.

    Debt in itself is not the issue - its what it was used for. Also there is the revenue vs spending equation to consider.

    However no doubt the middle class is shrinking and the very rich keep getting richer.
     
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