Just saw a replay of McEwan ceo of MUX on BNN this morning
Called the CDN govie idiots for giving away GOLD at the bottom, just as Brown did in Britain years ago.
THE OFFICE OF MANAGEMENT AND BUDGET ..OMB
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* FUCK
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WE ARE
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PRE EXISTING T CELL IMMUNITY
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POSTING INFORMATION
There are many idiot CEO’s are giving away gold at the bottom.
http://www.bnn.ca/News/2016/3/4/Gold-bug-McEwen-calls-Ottawa-idiots-for-winding-down-gold-stockpile.aspx
Here’s a link. How a gold investor can’t love this guy I don’t know. He literally has the best ideas and the best class in the industry.
Perhaps they think they can nick all the gold in the ground by nationalising the miners?
That thought went through my mind. A possibility.
England sold her gold at the bottom to bail out several banks after the price of gold exploded higher in Sept/Oct 1999 when the Washington Agreement was signed…the Bank of England Governor Eddie George said “We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost the central banks had to quell the gold price, manage it. It was vert difficult to get the gold price under control, but we have now succeeded . The US was very active in getting the gold price down. So was the UK”…..the word on the street was that AIG and Rothschild’s as well as , who knows, how many other members of the LBMA were kept solvent by the reduction in the gold price….It was a massive short position on gold that blew up when the Washington Agreement was signed
I appreciate your comment, Carolynsue. It is informative. I never realized the Gold was sold in order to contain its price.