Loading ...Don’t count him out just yet. It ain’t over till its over. I think what he suggests has lots of possibilities. There has to be some reason for the PM’s to be under such severe lockdown. Is that reason that they know there is some kind of reset going to happen so they want as few people in the sector as possible when it happens??
This may be the reason for the creation of all the ETF’s too. ETF’s are derivatives and if what he suggests should happen, IMO all the ETF’s will de-list and all those in the ETF’s will lose their investments as the counter parties immediately default.
We keep hearing about the tons of gold, for example in GLD, but IMO there has never been any physical gold in GLD. I read the original charter when Goldman Sachs created GLD. It had a few interesting facts. (1) All gold would be stored in an undisclosed warehouse location in London, and (2) no audits would be permitted of that gold, and (3) only large holders of GLD shares (I think over 100,000 shares) would qualify redeem their shares for physical gold.
Once I understood that all the ETF’s are derivatives that are used to control the markets I have never again used them for investing or trading. My advice is to buy a few select miner stocks rather than the ETF’s. Then sit tight and wait to see if Harvey Organ proves to be right.
Silverngold