Loading ...Naturally on the futures market 90% phantom contracts, what about the GLD warehouse and the managers?
Allegedly full of physical. So if all the GLD holders sell their position, the manager is supposed to sell the physical to pay the sellers, right?
Now, the $64 question. Do they sell it out real fast and cheap? To pay the imaginary click off sellers? And who bout it all cheap???
Goldman Sachs? Fort Knox? Some big Chinese Bank? Only 100,000 share GLD owners can take deliveries I believe. A nice cushy set up for Banks and Gov’ts.
Taking advantage of all the little people that finance the purchase of the physical for the big people to harvest the physical gold.
@Captain Hook?
C@Captain