Surely they can't be serious. Must read.

Hi all: I don't post much, but this was too good to let go unnoticed:

https://www.bullionstar.com/blog/ko...old-report-just-before-swiss-gold-referendum/

When a massive entity such as a bank like this, produces the statements like they have, you know that they are very likely doing the exact opposite.

I feel terrible for the poor lemmings who read this stuff and believe it.

It wasn't long ago, Greenspan was busted for saying gold is the ultimate store/exchange of wealth: When for years as head of the FED the sprouted that PM's were a waste of time effort and capital. Now he asks why are central banks buying gold when it's costly to store and ship, and has no return: Because it's the ultimate store/exchange of wealth.

Good luck.

 

Thanks Willrocks.


I think they messed up point 6: It should read:
There is no economic or financial case for a central bank.

 

6000 years is alot older than other bubbles

 

wow just amazing

 

I see plenty of perma-bears on this forum spewing the same kind of BS...

There is a glut of silver, dont you know? :lol:

 

There's a glut of paper silver.

 

So how is that good for my physical?

 

My reaction was similar to Putin's reaction here:

[youtube]http://www.youtube.com/watch?v=ZjmiyOgO66g[/youtube]

 

My reaction was similar. Except I couldn't get any words out.

 

Baaaahhh humbug

 

Silly, what will they think of next.