Surprise, surprise...... not!!, page-12

  1. 16,815 Posts.


    China has been buying tons of Gold from Africa and transporting it. A lot of it never goes on the books. From what Ive read over the years the Chinese are everywhere in Africa buying gold of illegal mines, mines that are dug by hand and every hole in the ground they can get Gold out of.


    Perhaps if you have gold in an account at somewhere like a gold sellers you could use a card like an EFTPOS card. You pay for what you buy with the card and a bank or some institution that wants this business could provide the dollars through the card and then the seller sells some of your Gold and pays the bank. Although they may have to sell a whole ounce perhaps and then put the surplus on the card.

    Perhaps a more direct method. There is then no paper market for manipulation. Gold sellers have lots of Gold they hold for you in the form of little round pellets. You ring them they then put the amount of money on the card and take possession of that amount of round pebbles. You never really see the Gold as it is held at the sellers and they sell it to buyers but it always remains at the sellers. I think they call it Gold pool.


    Just an idea.

 
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