They have been using the COMEX to issue paper gold certificates to increase the gold supply 100 times over, resulting in a significantly suppressed gold price.
These paper gold are share ownership of gold bars held in vaults, but its a game of musical chairs because there is much more paper gold than there is gold in reserve.
This is essentially the same situation in the US government before 1971 when the french called out that there is more dollars than gold to back it. Eventually leading to a run on gold and the dollar to split and become fiat.
They have been using the COMEX to issue paper gold certificates to increase the gold supply 100 times over, resulting in a significantly suppressed gold price.
These paper gold are share ownership of gold bars held in vaults, but its a game of musical chairs because there is much more paper gold than there is gold in reserve.
This is essentially the same situation in the US government before 1971 when the french called out that there is more dollars than gold to back it. Eventually leading to a run on gold and the dollar to split and become fiat.
Thanks! Though I had to look up what COMEX was, for anybody else, it's the commodity exchange.