If that is the physical price then you wouldn't be able to get any at that ridiculously low price. If you could find some gold and silver for that price, it would be a steal.


Where is there any information on how many futures contracts end up going to delivery? The majority of institutions that are short with gold futures buy the contracts back so they have no delivery obligations for gold they don't have: That's how the futures manipulation works isn't it?

People buy gold futures (and futures based securities) thinking it's the same as physical gold which is silly. It's hard to find information that shows the extent of phony paper vs real gold, do you have any good sources of information miscreanity?

It's not just futures, it's all kinds of securities that are gold "equivalents" but have only a fraction of gold supporting it.

You think deflation is a bad thing? And inflation (Controlled by or benefits the bankers) is a good thing?

You talked before about the federal reserve stopping its inflationary policies. But you said you weren't saying the banks will kill themselves on purpose.

You think the banks think that removing the inflation is OK for them or something?

The UK BOE will be creating more money to make asset purchases again soon.

The federal reserve will no doubt stop the treasury purchases and money will always to available for banks. After all the federal reserve was created in the banks interest. The announcement today, isn't it suggesting they are holding onto the debt securities for longer by replacing what they have with longer-term debts? I think they want to trick people into thinking they are somehow aiding the economy while not using monetary inflation. Nothing they do, aids the economy unless what they do is go away. Whatever they say, they will create more money and use inflationary policies because inflation is the only thing which keeps the banking system alive.

The best way to define naked short selling is this I suppose -> Counterfeit securities. Right?

What does FTD stand for, sorry?

If a company offers a futures contract for something they do not have at x price and buys them later for delivery at y price, is this a form of naked short selling?

Is it also when a broker pretends to buy some shares but simply takes the money and hopes to profit if the buyer wants to seemingly sell the non-existent shares at a lower price?

You can't stop USD inflation ("save the USD") without removing the underlying monetary inflation.

Central banks could start to sell gold in massive amounts which could trigger a panic in global markets. It would also kill the governments if they were ever thinking of returning to a gold standard.

What about liability shift? http://www.certodirect.com/documentation/merchant-anti-fraud-tools/3-d-secure-integration/e-commerce-chargebacks-liability-shift.html

Verified by Visa -> http://usa.visa.com/merchants/risk_management/vbv_benefits.html

Here is a theoretical way around it which perhaps wont work or is illegal:

Could you accept payment by debit/credit card and then immediately move the money into a different account so that the merchant account almost never has any money in it?

What problems would that cause?

If only chargeback didn't exist.

Dollars are not an IOU for gold. Does the issuer of dollars owe you gold? No. This used to be the case but not anymore. USD is fully a fiat currency backed only by it's value in exchange, which is backed by the businesses and consumers which use it.

cypherdoc is basically suggesting banks will purposefully destroy themselves to "save the dollar". I think such action would be good for gold as well. This will never happen though.

1. How does a fee fix anything? If someone buys bitcoins, takes them and then gets their bank to chargeback the exchange, the exchange was the victim of fraud (Which would be funny because chargeback is supposed to fix fraud).
2. Other payment methods cost money so an exchange expecting a small fee isn't a major problem, would it? It's a shame debit/credit card fees are percentage based and can be quite high.


So is there any way to fix the problem with fraud? I just suppose debit/credit cards are stupid things. Supposed to be convenient yet have silly systems which leave the merchants and consumers both worse off.

Edit: I think only credit cards usually require percentage fees to merchants. Debit cards can have fixed and small fees. A small fixed fee for debit cards wouldn't be bad. A higher fee for credit cards is not so much a problem. Will promote people not to take out unnecessary credit at least.

Is this a real problem? How do banks figure out fraud from real claims? If it's a problem for bitcoin why isn't it a problem for every single thing sold on the internet?

That's not a commodities futures brokerage or anything like that.

If banks fail, the gold and silver shorts will fail along with the paper markets right?

So good for physical gold and silver in such an event no?

Not anymore.

They let credit and monetary inflation run wild before you know? Did they lose loads of money on this "mistake".

THey make money from pushing the credit system to the extreme which makes interest rates lower. They make most money on fraud.

Banks make money on credit don't they? So why would they want to save the USD? To sustain the system in case it comes falling down? I'm sure most bankers only look on the short term view. Make as much as possible before they make an early retirement and continue to receive the insider knowledge to sustain their wealth thereafter.

If you are right, you'd need more evidence before jumping to conclusions.

All it means is the USD is appreciating against other currencies. It's true it makes sense that it will be appreciating in Euros with the Euro crisis.

Gold fundamentals are still there.

... which would be terrible.

Got this through my email. It relates to USD: http://www.caseyresearch.com/cdd/usd-sanctuary-again