Tuesday, August 9, 2016

World Gold Council and LME annouces new LMEprecious suite of exchange-traded and centrally-cleared precious metals products

World Gold Council and LME announcement about precious metals

This will shake up the GOLD and SILVER community now

Does this mean more ETF's are coming?

Not sure what this really means but Jim Rickards TWEETED a comment about this announcement concerning Goldman finding a way to create more paper gold:

Here's what looks like the OFFICIAL ANNOUNCEMENT:
www.gold.org/download/file/5069/wgc_lme_press_release_final.pdf 

Sounds like even gold and silver can be created out of thin air now.  All the world banks and exchanges are working diligently together to maintain this new world economic system.

I still don't understand the markets but all we have to do now is trust the central banks to create new instruments for trading and just ignore all the rest of the contrarians calling for some catastrophic financial collapse that never comes.

...developing...