Use access key #2 to skip to page content.

Vet67to82 (< 20)

The RIGGED game

Recs

88

June 28, 2009 – Comments (3) | RELATED TICKERS: GS , FAS , FAZ

Well, I have a different perspective on the market, on the prospects of inflation and risk.

It looks like Goldman Sacks (GS) individuals are pervasive throughout the financial sector and the gov't. I, and others, conclude the global metldown came about due to a lack of Honor, a lack of Integrity, a lack of Morals, Ethics, and Scrupples (HIMES) in the leaders of our USA gov't, business leaders, ... and that "state of mind" rubbed off on the rest of the planet.

GS was recently "ordered" by USA gov't individuals (speculate), even though the lease rates for gold are NEGATIVE since the beginning of June, to "knock" the price of gold down on or about June 18th. GS followed orders and knocked gold down ... and took the rest of the commodities and the market with it. Of, course, the USA gov't needed to sell their 100+ billion in "funding" the week of June 22 - 26 soooo, the manipulation is okay ... if it's the gov't?  ... AND ... what financial entity leases gold, diliberately, AT A LOSS (that's what WILL happen when the lease rates are negative) unless it IS manipulation?     I'd LOVE to lease gold and payback LESS. Sign me up!

One of the laughable ironies, is all the articles, writers and posters,  that argued Mark to Market needed to impose the WORST case scenario for "transparancy" in the financials ... are whisper quiet when it comes to the "opacqueness" of the gold market. There is NO transparency in the gold market ... you're always playing "catch up" to gov'ts and the market movers who are calling their game plan. Look at the damage across ALL sectors and to the market from June 18th to date ...

So ... how does one invest in a market, even a global market, ... he/she can't/doesn't trust?

Basically, you are reduced to day or short term trading. Investing rules, guidelines, etc are USELESS until everyone is assured the lack of Honor, a lack of integrity, a lack of morals, ethics, and scrupples is done, finished, baked, .... zip, nada, zeroed out.

We NEED financials and a gov't we can TRUST. It's YOUR money, YOUR tax dollars, ... your blood, sweat, and tears. Don't you think it's time to tell your elected officials that EVERY gov't employee ans business leader needs to conduct himself/herself within the US Constitution, within the LAW, and with Honor, Integrity, Morals, Ethics, and Scrupples ... or QUIT! Write and e-mail your elected officials .... ask your families, friends, co-workers and associates to write and e-mail. Otherwise .. we're all "gambling" -- and not one of us is/are "investing."

MFool ... there's your headline and multi- article stories on fixing that NEEDS to be done ...

3 Comments – Post Your Own

#1) On June 28, 2009 at 3:13 PM, ikkyu2 (99.51) wrote:

You are living in a dream world.  You may need markets and financial institutions that you can trust, but the billionaires and power brokers do not care and certainly don't share your requirement.

If you don't like the game as it's played, get out of it. 

Report this comment
#2) On June 28, 2009 at 3:28 PM, millionby24 (< 20) wrote:

if u wanna play a win-win game in the market, u gotta have the dough my man, preferably at least half mill

Report this comment
#3) On June 28, 2009 at 4:32 PM, prose976 (< 20) wrote:

Actually, unless you actually receive the gold and hold it in your own hands, and can verify that it is gold through chemical testing, you may just be buying and selling "fantasy gold."  I've never invested in it because I realize that if the whole thing implodes, those "shares" of gold that I have are going to be worth about as much as the shares of companies that no longer have worth.

Put this to question.  Why are diamonds so expensive?  They may be the hardest substance, but to and untrained eye, cut and polished crystal and zircon hold most of the qualities of fine diamonds.  And outside of the "hardest substance" uniqueness, they really have no other practical uses except may lasers or something along those lines.  They are found in nature in abundance, and they price (not value), are kept elevated through the DeBeers monopoly.

So, how is holding shares of gold going to help you in case of a complete meltdown?  Oh, wait, those gold shares you hold are going to evaporate in a meltdown, and you won't own anything.  Perhaps if you had share certificates issued to you and you hold onto those indefinitely, but even then it's questionable if those share issues would be honored when you went to redeem them....

Oh....that's right....where do you go to redeem them?  It's doubtful that the company you bought them from actually has physical gold on hand to pay you for your shares, so what is a person to do?

I know, go to the source...the Federal Reserve, or some other such place where they hold actual bullion, and are probably selling the reserves at 40 to 1 leveraging (maybe even more - just like the banks).  So for every 40 shares of gold being sold, only 1 can be redeemed.

Isn't that interesting?

Report this comment

Featured Broker Partners


Advertisement