Are banks now overselling gold and silver??

Folks have been buying up gold and silver notes like crazy. No way if they all went to cash em in these clowns have the holdings to hand over the physical gold itself. I'm sure they're taking folks money and throwing into silver and gold contracts six months or a year down the road and when the bubble pops they'll be heading to the fed for more handouts and joe sixpack will be left empty handed.

Why would anyone buy gold and silver notes, when they were trying to invest in other than fiat currencies? You've got to take delivery of gold or silver, not some paper promissory note.

reply to post by conspiracytheoristIAM


People are stupid

reply to post by HoldTheBeans


Hey, the con game worked with fractional reserve banking right, taxpayers bail them out every time. The con game worked with the stock market bubble, taxpayers bailed them out right? It worked with the real estate bubble, taxpayers bailed them out again right? Of course it will work with a metal commodities bubble, the taxpayers will just have to bail them out again and your elected officials will do just that.

This is never going to stop until any value you thought you had is gone ***or*** the people get proactive and make it stop. How's that hope and change workin' out for ya? Hope you eat tomorrow and you have enough change for a coffee but I don't think that's what the Obamanator was promising.

Cheers - Dave