ARGONAUTE Posted September 27, 2010 Report Share Posted September 27, 2010 Europe's central banks limit their gold salesCNN European banks limit gold sales Link to comment Share on other sites More sharing options...
LuckyLundy Posted September 27, 2010 Report Share Posted September 27, 2010 Sounds like to much paper gold out there verses real gold in hand?LuckyLundy Link to comment Share on other sites More sharing options...
notoriouskelly Posted September 27, 2010 Report Share Posted September 27, 2010 Sounds like good news for us.Love your avatar, Lundy! Link to comment Share on other sites More sharing options...
Reno Chris Posted September 27, 2010 Report Share Posted September 27, 2010 Guys - What you need to see in this is that around the world the Central Banks who print out the money are unwilling to trade gold for their own unbacked, fiat currency. They are the ones who print the dollars, lira, francs, rubles, pounds, etc. and they know what the future of unbacked paper money is in a world where any goverment can create as much money as they want, and thats exactly what they are doing. The important thing is that they dont want to trade gold (which has real value) for that paper money!About 90 years ago, the German government, coming out of a terrible depression after WWI, just printed as much money as they could. The german mark of the time became worthless, and people had to take wheelbarrows of it to the grocery store to buy a few items. Money was less valualbe than firewood, and folks burned it to keep warm. Is this the future of the dollar? Well it might not get this extreme but our government is terribly irresponsible with the money they are in charge of. No wonder they want gold not paper! Link to comment Share on other sites More sharing options...
minerjoe01 Posted September 28, 2010 Report Share Posted September 28, 2010 Well said chris. Thats one reason why i try to trade my gold instead of getting money for it. It is scary though. Link to comment Share on other sites More sharing options...
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