"The Greatest Fraud in History" | Gold News
But in any case, the point is simply that like all commodities, there are more paper bets on the price of gold and sliver than there are transactions where the metal itself changes hands. … A big part of the reason that the 2008 market crash was so dramatic was that many large hedge funds were highly leveraged, meaning that they were using hundreds of millions of dollars of their clients’ money to make wagers in the billions. When prices started moving beyond the range …
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