Bill’s Commentary:
“We tried to tell you this many times years ago… only to be laughed at.”
“The Plan Was To Kill Off Gold As Money…”
If you think about it, there is a simple reason that derivatives for speculating or hedging gold is fatally flawed. It is because in nearly every nation’s common law, gold is money, and currencies are inferior credit, which is where payment risk actually lies. That the Western financial establishment is ignorant of this fact does not change the facts.
There is a good reason why this matters. Gold has lasted as legal money, and credit has been separately acknowledged to be deferred payment in money since Roman law. Since then, there have been many instances of governments denying these facts and promoting their currencies in the place of gold, which have always ended in their collapse.
In any price relationship involving a medium of exchange, there is an objective value and a subjective one. The objective value is always in the medium of exchange, and the subjective value is in the goods or services being exchanged. Put another way, the buyer and seller will both value money or its substitute the same, but the buyer values the goods or services more highly than the seller: otherwise, the exchange won’t take place. But if gold is the money, where does that leave a fiat currency?
Bill’s Commentary:
“Interesting and certainly plausible.”
BillHolter.com 
Re: Wall Street mav Silver is not a market. It’s a manipulation. When the sge and sfe got dumped
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Thank you pamelamoves@gmail.com
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