Gold closed today higher than platinum, which makes me suspect. I've heard rumblings about a gold bubble that could burst at any time. What would you say would happen if a sovereign nation decided to flood the market with gold? Do you the the bottom would fall out of gold prices? It has been tried before by private citizens in the early 1900's but they failed for multiple reasons, one was they didn't have enough gold.
Do you think hedge fund managers, such as Soros, would mop up billions off the stock exchange floors?
Hmmm, the best time to do something like this? Sometime this week seems too soon. If I had to put a wager on it, I would say about a day or two after the markets settle and politicians have proposed stringent anti risk regulations. Nobody would be willing to sell off any of their gold portfolios and would probably be buying more.
Not trying to scare anyone, but it is something to think about.
Cloward & Piven: overwhelm the system.
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