I have read a little on Hunt brothers. From what I understand the reason that the silver/gold crashed is because the 'government' (whoever it may be cftc, etc) introduced new laws. Mike Maloney's article on Hunt Brothers. http://www.watchingtheworld.org/1391/how-the-hunt-brothers-capped-gold…yes-gold-michael-maloney So in one step, the Silver/Gold was squashed. Everyone who invested into gold/silver lost everything. And it was impossible to predict these laws unless you had inside information. This sounds very dangrous to me. Could this happen again? Can they just somehow tweak the laws and all our investments crash and burn? Can anyone come up with a law to crush silver? Any lawyers out there want to speculate?
A govt could at any point enact law making private ownership of gold and/or silver illegal. Such a law could be marketed by the govt of the day as "taking to task those financial terrorists who seek to manipulate the price of gold/silver by hoarding it". Do I think this will happen in Australia? No.
the masses don't even have any precious metal, why would they care? they'll eat whatever bullshit they are fed as long as it has a little sugar on it
I doubt that it would make a difference to the physical price - Physical gold and Silver are now seen as a safe haven as real money with intrinsic value in a world of paper that is going up in smoke. I doubt that the spot price for PM's will be relevant much longer to the physical price.
Wonder if any governments will try price fixing like Zimbabwe did with bread etc. - your gold is worth this much because we say so It worked well in Zimbabwe :lol:
Silver and Gold are only owned by rich people...I hope the Govt takes it off the buggers and uses it to bail me out.
Can someone who was stacking back in 1978-9 shed some perspective? Did everyone just lose their money? Even if you had physical? Could you trade it for big bucks on black market? Did you think the situation back then was worse than it is now?
