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Gold/Mining/Energy : Gold Price Monitor
GDXJ 47.33-0.5%Jul 15 4:00 PM EDT

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To: Rarebird who wrote (115202)10/8/2021 10:17:58 AM
From: Horgad6 Recommendations

Recommended By
Arran Yuan
Lou Weed

and 1 more member

  Read Replies (1) of 116211
"Miners and Gold are supposedly down because they are manipulated by the financial institutions who hate Gold"

The manipulation of gold is well documented as I am sure you know. It has been admitted to by the federal reserve multiple times, lawsuits have been won against manipulators, and fines have been paid. The mistake of gold bugs is not in thinking that POG is manipulated but rather in thinking/betting on the manipulation ending or failing soon. That is essentially betting on a once in a lifetime event. Never really the best kind of bet if you are looking for a stable return on your investment. But it works very well as a kind of insurance policy similar to life insurance, fire insurance, etc.

Investing in gold miners always sucks as would investing in an any company that produces something that sells for a price that is not allowed to move freely with laws of supply and demand.
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