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What's driving prices lower?

Paul · 2018-11-13T14:21:54Z

I wonder what's driving the prices of metals lower...Whatever it is, I suspect there will be HP moves aplenty, if not now... then keep an eye on your check list.Perhaps the gold price is being driven down by the paper market???Not so long ago... I made mention of the fact that there were 100 paper gold ounces for every physical ounce of gold... talk about hypothecation... its the practice where (usually through a letter of hypothecation) a debtor pledges collateral to secure a debt or as a condition precedent to the debt, or a third party pledges collateral for the debtor. A common example occurs when a debtor enters into a mortgage agreement, in which the debtor's house becomes collateral until the mortgage loan is paid off.So 100 pledges for every ounce of gold.Hummmmm...Silly me... I should have been talking about rehypothecation. I didn't think it could get much worse than say 100 people having 100 claims/mortgages over the same house!!!Apparently, my previous figures have been dwarfed... its now 382 paper ounce claims per ounce of gold.Put another way, there are now 382 paper claims over every house that is claimable!Veritaseum is the Blockchain Company that will solve the absurdity of rehypothecation.Check it out.look for HP opportunities as they come available inGold... Silver... Platinum... Palladium... Some of them have already started.

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Gold and Silver Positions

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NathanW

(@nathanw)

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November 15, 2018 6:21 am

Alan your level headed, calculated and measured approach is something I aspire to. I'm very glad that you are part of this group.

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AlanR

(@alanr)

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November 15, 2018 6:27 am

Er...if you were my computer and heard some of the language being used over the last few days you would definitely change your opinion!!!

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Paul

(@1tricycle1)

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Topic starter November 15, 2018 7:05 am

Good observations Alan and all part of the continued experience building...

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Paul

(@1tricycle1)

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Topic starter November 15, 2018 7:06 am

Yep... I get your computer message!!!

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Paul

(@1tricycle1)

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Topic starter November 15, 2018 7:07 am

Nathan... Wasn't sure if you were talking to me or Alan re the level headed approach. I'm Tasmanian and that means I already have a level head (... or is that flat)... and my middle name is Alan

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NathanW

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November 15, 2018 8:01 am

Heh heh. Maybe the flat heads are more in tune with their reptilian brain .

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