new css1971
Nope. Price controls cause shortages. If they continue to suppress the price, producers will go out of business and those who know the value of gold will continue to purchase at faster rates at the suppressed price. At some point there will be a catastrophic discontinuity in the market and the game will be up. They are driving this process.
"...Price controls cause shortages..."
Nope. I'm on Kirk's side: there are no price controls and there will never be a shortage (unless the Western central banker cabal wants one several years from now).
"...If they continue to suppress the price, producers will go out of business..."
Or if the price is dropping because demand is dropping, the producers will go out of business. Same difference.
"...and those who know the value of gold will continue to purchase at faster rates at the suppressed price..."
So you're going to front-run the banks? They got more staying power than you do. They inflated the price the last 12 years and they can damn well let it drop for a decade if they want. They sell high and buy low. What could you possibly know that they don't?
"...At some point there will be a catastrophic discontinuity in the market and the game will be up...."
Yeah, sure.... the banks never thought of that.
Next year we'll officially be in a global depression and the markets will have tanked. Where is all this excess cash to buy bargain-priced gold going to come from? U.S. baby-boomers will be selling furniture to eat when they retire. I'm not expecting an army of stackers there. Under 40 debt slaves? Nope - no gold-buyers there. Chinese and Indian demand will plummet with their depressions and cratering prices. Everything is on sale in a depression precisely because nobody has any money. Except the central banks - they have the money of entire nations and can buy all the gold they want at that time.
"...They are driving this process..."
Agree 100%. Banks will raise rates next year guaranteeing a long, deep depression and wait for the price of gold to drop to a banker-approved level. Then they'll stuff their vaults to the gills.
