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Message Subject Gold Tumbles Below $1800, Erases All YTD Gains
Poster Handle Anonymous Coward
Post Content
Such a farce….

Record inflation. War. Crashing stock market. Crypto dumping. PMs should have a raging hardon right now. The mainstream logic is that interest rates are going up so therefore cost to hold gold goes up… blah blah blah. While there is some validity to that, in all fairness its just ridiculous for it to outweigh the other factors. The value of gold and silver have actually decreased since the war began and inflation started rolling in hot. Amazing.

In true GLP fashion, me thinks that Russia/china may have been banking on price increases as well… suffice it to say their speculative positions are now underwater if not worthless already!
 Quoting: Anonymous Coward 82862075


Because Russia and China are holding gold, the Western powers are manipulating it's value downward?
 
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