29-03-2010, 04:13 PM
Allow me to deploy my cynical side (oh no!).
The fact is that the physical metals market has been leveraging precious metals for hundreds of years. This can be read in text books on the gold market. It was this leveraging system that gave rise to even more excessive leveraging in the money and investment markets --- fractional reserve banking etc.
There is nothing new about this. So why are GATA making such a big deal about it?
My guess is that it is in the interests of some holders of physical metal for the price to rise as a consequence of these stories. I stopped supporting GATA some years back because of my growing concerns that it was in business to have the price of gold increase - presumably to benefit GATA founders and supporters.
The fact is that the physical metals market has been leveraging precious metals for hundreds of years. This can be read in text books on the gold market. It was this leveraging system that gave rise to even more excessive leveraging in the money and investment markets --- fractional reserve banking etc.
There is nothing new about this. So why are GATA making such a big deal about it?
My guess is that it is in the interests of some holders of physical metal for the price to rise as a consequence of these stories. I stopped supporting GATA some years back because of my growing concerns that it was in business to have the price of gold increase - presumably to benefit GATA founders and supporters.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14