/biz/ - Business & Finance

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Anonymous Sat Nov 14 22:00:44 2015 No.961137 [Reply] [Original]

>fed reserve allows big banks to physically horde gold
>after this decision, the price of gold breaks 400 for the first time
>people start buying gold like fucking crazy 1500+
>it peaks around 1800
>record demand articles being posted
>china, Russia, and india are buying up gold like crazy
>their population keeps buying up gold, breaking record demand over and over
>the fed starts to talk about reversing the decision to allow banks to physically horde gold
>the price of gold keeps dropping, allowing people to buy more with the same money, giving the illusion that demand is actually higher
>with the talk of a new interest rate cycle, the risk off sentiment is turning into risk on
>gold keeps dropping while the dollar gains in value
>Russia, china, and india keep buying gold

Reminder: Big American Banks bought the gold under 400, and sold it over 1000.

>>	Anonymous Sat Nov 14 22:10:49 2015 No.961148 >>961137 So? Sounds like a good business strategy to me.

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