Club Mulgoa

Monday, June 03, 2013

POG

There is no accountable body for the price of gold or how it is traded.  Banks can refuse to give investors their physical gold.  They give only a certificate when the metal is demanded.  Perhaps the banks has no gold at all!

The demand in developing nations is outstripping supply when the POG is down.  Yet the price continues to fall.

And if you look at the POG chart in the last year, it has to be manipulated.  It is the best yoyo show in town.  These two days, it has been bouncing up again and you can be certain, the plunge will come again.

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