To Central Bankers: You Are Golden Toast On A Silver Spoon
April 20, 2013
Memo To Central Bankers:
How dumb can you be? What better way to expose your naked short backside than to trash a market with known world-wide demand? So arrogant, so parochial. The world thanks you. The bullion dealers thank you. The gold/silver buyers thank you.
When there is more and more smoke about the possibility of the bullion cupboards being bare, the fiat-makers are doing the same thing to paper gold and silver as they have done to currencies: destroying them.
Those few banks responsible for the naked shorting in both gold and silver do not have to post any margin, nor do they have the underlying physical were they required to make delivery. In essence, they are doing what bankers only know how to do: create fiat paper gold and silver that exists only in the minds of the mis-guided believers.
People who are following the “yellow brick road” are discovering that the “Wizard behind the curtain” is a collective of the three main characters: no brain, no heart, a total coward, and most importantly, no true power! Central bankers are a bunch of munchkins.