Saturday, March 16, 2013

What price gold freedom?



http://www.kitco.com/reports/KitcoNews201303153DeC_1.html
News Of Possible Probe Of London Fixings Raises Eyebrows In Gold Market

Well, hush my mouth,the high and mighty are actually considering there might be something wrong or crooked about having self-appointed gnomes "fix" the price of gold each day. Will wonders never cease! But could there really be anything untoward about a gang of financial mandarins openly controlling the price of the world's favorite metal? Hey, just because prices aren't "fixed" on other things we love -- ice cream, motor oil, vinyl siding, cell phones -- what's the big deal? Gold's only one little commodity.

The real-life humor here is that the pundits think the daily fixery is just fine on principle, they're just concerned that it's not transparent enough. This would be sort of like Congress sudden;y scratching its head and musing whether there might be something wrong with the Federal Reserve after its century of dollar destruction -- not with the Fed itself on principle, but with its operations, don'tcha know. If you have a shoebox full of junk silver or maybe a few krugerrands squirreled away and have thrilled to see how the royal metals have soared in price since the Greater Depression began, rest assured that without these gnomes lookinhg after things every day their value would be..... much greater, in all likelihood. Maybe even 5 or 10 thousand per ounce for the shiny yellow stuff?

Are they serving or servicing us?

Funny world -- where's my funnybone?

/\/.\/\/. torpenhow@charter.net

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