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JP Morgan and its impact on today’s gold price

ker
February 8, 2011

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Discussion
4 Comments
    Feb 08, 2011 08:35 PM

    Hi Big Al and Trader Rog, I just keep wandering how high the price of Gold and Silver will go when the investors in the bond market decide to exit and instead buy physical bullion or even paper gold which I wouldn’t touch. It sure looks like we will have a nuclear explosion in the price of precious metals. By and keep up the good work.

    Feb 08, 2011 08:54 PM

    When they “print dollars”(which they don’t – they create book entries, debits and credits), it matters to nobody as long as those dollars are not in circulation among the producers. If they were, the economy would be going full speed – 100% employment. Unfortunately as new debt is created, the old debt is being fulfilled faster – less dollars in circulation. It looks to me that JP is tired of confiscating homes – now they want your gold. As long as they get their “bank discount” for creating book entries, not everyone can fulfill their debts, just the most aggressive.

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