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SPDR Gold Shares Message Board

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  • wes_w_weber wes_w_weber Nov 14, 2010 10:44 AM Flag

    My Hair Stood on the Back of my Neck!

    Ya I only estimated it that way as somewhere down the line and holder of a derivatives contract will want cash. They will want something. If its property then cash will be needed to buy property.

    Just the overall redemption of all outstanding financial contracts is like 500 trillion so they say. I've read 700 trillion somewhere as well.

    It was simply to illustrate in another fashion that the system is insolvent and even us peasants realize it now.

    The only thing we can participate in obviously is the rise in Gold to multiple thousands of dollars however. The Powers that be will downplay the value of this "worthless" metal all the way until the end, while they are buying themselves hehehe.

118.4659-0.5933(-0.50%)3:27 PMEST