“Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the “leasing” machinery in the gold industry and led to a sustained market squeeze.”
the mention of negative real rates caught my attention – is the idea going viral? rates have been negative for years so this is not new info – interesting
amusing that he refers to the leasing of gold from the central banks as though it somehow makes sense in a healthy market – gold leasing will be another scam that will blow up in the next few years and it is magnitudes larger than the Madoff scam – the fraud being perpetrated in the silver and gold markets is being ignored by the CFTC which is the regulatory agency for those markets – several people are warning the CFTC about this condition but they are being ignored just like the SEC ignored the people who warned about Madoff [it amazes me that anyone can think that more govt or more regulators are going to help anything]
