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My produce man told me to buy gold is it time to sell?
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<p>[QUOTE="Cloudsweeper99, post: 717328, member: 3011"]The fake bars are a concern for large buyers, but the rest of the article seems overstated to me. It sounds to me like the banks got caught in a good old fashioned short squeeze, probably by some players who had good intelligence that they were naked shorts, and perhaps with the collusion of some other large players who agreed in advance not to bail out the shorts by loaning their gold. It is also pointless to worry about all of the gold being bought-up. It's already bought-up in the sense that somebody owns every ounce. If they mean it in the sense that gold is moving from weak hands to strong hands, then I agree, but it doesn't seem to be something to worry about.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 717328, member: 3011"]The fake bars are a concern for large buyers, but the rest of the article seems overstated to me. It sounds to me like the banks got caught in a good old fashioned short squeeze, probably by some players who had good intelligence that they were naked shorts, and perhaps with the collusion of some other large players who agreed in advance not to bail out the shorts by loaning their gold. It is also pointless to worry about all of the gold being bought-up. It's already bought-up in the sense that somebody owns every ounce. If they mean it in the sense that gold is moving from weak hands to strong hands, then I agree, but it doesn't seem to be something to worry about.[/QUOTE]
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