Wonger

Your quite right as the price will probably overshoot to the downside below my target price of $385 that day 😁

Please keep up 😁

Added 0 minutes later... All three 

Its certainly more popular than the "Silver Price About To Plummet" thread I created before it plummeted😉

It means there is an entity out there who is now betting very heavily on a Gold price decline and that entity happens to control the price direction, do you want to trade against them? 😉 

Added 0 minutes later... Can you not read?

😁

So was I 😁

So was I 😁

Did you honestly think the bears had gone into hibernation? That $40 drop will become a $400 drop very soon indeed and now today you can hear a pin drop on this thread after two days of loud music, keep watching!😁  

EYES PEELED! 

Did you honestly think the bears had gone into hibernation? That $40 drop will become a $400 drop very soon indeed and now today you can hear a pin drop on this thread after two days of loud music, keep watching!😁  

Did you honestly think the bears had gone into hibernation? That $40 drop will become a $400 drop very soon indeed and now today you can hear a pin drop on this thread after two days of loud music, keep watching!😁  

Can you make it comprehensive to include how the whole financial system is a scam and include all academic teaching being based on lies to perpetuate the scam 

😉

I am not selling any gold but I have genuinely enjoyed this thread for its arguments/discussion, I don't think I have seen monetary theory discussed this in depth anywhere else on the forum its good stuff.
 

34000 Views tells me the thread has garnered immense interest among this community! 😁

TBH he is correct. For example, when you spend on your credit card, that currency did not exist until that happened. The same with any form of IOU; if its obligation can be packaged and sold on it becomes currency. Currency is itself is an IOU. A gordian ponzi knot

In the Morning I get a Taxi to work and pay the driver £20, the Taxi driver goes for breakfast and tips £20 to the waitress, the waitress goes to the hairdresser lunch time and tips the hairdresser £20, the hairdresser goes out to lunch and tips the waiter £20, the waiter goes to the Barber's and tips the Barber £20, the Barber has the shop windows cleaned and pays £20, the window cleaner goes for dinner and tips the waiter £20, the waiter gets a Taxi home and pays the driver £20, there has been £160 of GDP created, there has been a velocity of x 8 on the £20, however there is still only the original Currency of £20, no additional Currency whatsoever has been created, therefore Inflation is exactly the same at the end of the Day as when the Day began because you simply can not have Inflation unless the Currency supply is increased because the Currency supply simply does not  exist to support any price increases whatsoever.    
Not only has no Inflation been created, no wealth has been created either, GDP is a complete Hoax, Currency Velocity is a Hoax, the entire World of financial Academia is a Hoax!
I notice there is a Farmer here, I bet he understands this far better than any Financial Academic who has been brain washed with complete and utter non sense from the Hoax financial Academic world of lies! 😁

Classic example of Academic lies, the Government can not create £100 of Currency it can only Borrow the £100 of Currency or Tax the £100 of Currency, both of these take the £100 of Currency from existing Currency supply unless the Central banks or Commercial Banks create this additional £100 of Currency supply!  

Added 0 minutes later... Classic example of Academic lies, the Government can not create £100 of Currency it can only Borrow the £100 of Currency or Tax the £100 of Currency, both of these take the £100 of Currency from existing Currency supply unless the Central banks or Commercial Banks create this additional £100 of Currency supply!  

Here again I will help people out to understand 
 
 

Armchair Spectator Sixgun, Im still waiting for you to explain how Currency Velocity creates Inflation, just explain it in simply terms so anyone reading can understand rather than keep changing the subject every time you realise your way out your league! 😁