... in response to the current, massive, gold supply-deficit to the gigantic Indian market... a series of articles came out in the mainstream media, where bankers proposed "solving" this gold supply-deficit by selling Indians lots more paper-gold. In other words, they were going to increase the supply of gold by selling paper-gold.

Obviously the only, possible way in which selling "paper-gold" can increase the total supply of gold is if the bankers are simply selling paper and calling it "gold." Given that bankers have a track-record of selling paper and calling it "gold" which literally traces back to the "money-changers" of a thousand years ago, this is hardly a revelation.

Comments: Be the first to add a comment

add a comment | go to forum thread