By John Dizard
Ben Bernanke: ‘It will be especially important to evaluate incoming information’
As they say, a paranoid is someone who suspects nine of the five conspiracies against him. Last week was a feverish one for the more sensitive gold specu … investors, with a “flash crash” on Wednesday interrupting what had been a stately procession since December to ever-higher highs. Since gold people believe their positions represent not just an investment, but virtue itself, the losers smell witchcraft, and particularly evil Fed witchcraft at that.
What does the gold crash mean, if anything? Was it the result of a conspiracy by short sellers, or, conversely, does it presage another crisis, as gold price declines did in mid-2008 and September of last year?
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It was a stark reminder that gold and silver are commodities, not currencies. Currencies don’t move like that.
I was trying to understand some of the silver conspiracist posts. They are saying that Ron Paul held up the “silver bullet” to bernanke. Ok then. So if the price of silver goes up, that’s bernanke’s fault for printing money, but yet they are longterm holders of silver and want him to stop printing. And of course when the price shot down the other day, that was the work of shadowy central banker short sellers who wanted to shoot down the price of silver to stick it to ron paul. What the hell are these dudes smoking?
Central bankers are just, wise and good. They are wholesome.
Bad people gravitate to gold and silver and Ron Paul. Eradicate them!!
Hurray!
C’est vrai.
My island, located somewhere between Nova Scotia and Norway, will provide sanctuary to royalty and other personages of pedigree and notoriety.
Now.
A word about central bankers. A duty free conclave in said nation-state shall provide them with absolute privacy to congregate and prepare secreted storage for most of the world’s confiscated or thieved PM.
Naturally, as Benevolent Protector, I will be confided with the highly important matters of minting new ingots and bars, the likes of which the world has never before imagined.
IBc is merely my stepping stone in this CV.
Bonsoir.