tag:blogger.com,1999:blog-6089228851855763774.post206921790868720379..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: Financialisation – blame the carpenter or the tool?Bron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6089228851855763774.post-39910596878667541002015-10-01T08:49:49.437+08:002015-10-01T08:49:49.437+08:00The problem is that paper derivatives are NOT &quo...The problem is that paper derivatives are NOT "just tools". <br /><br />They have become the price-setting mechanism for the real item...which would be fine IF each and every derivative bet (because who's kidding who? that's what they are!) were 100% covered by unencumbered physical bullion...which they AREN'T.<br /><br />And that, plain and simple, is just as fraudulent as is fractional reserve banking itself. Kreditanstaltnoreply@blogger.com