Bob Chapman and Alex Jones video discussing how the gold and silver futures markets are like a Big Casino.
Gold manipulated by the [IMF] International Monetary Fund and silver manipulated primarily by JP Morgan.
Bob Chapman believes that in a market free of manipulation, gold could be trading as high as $2500 an ounce and silver, the poor man’s gold, could trade for $50 an ounce.
Trading in gold and silver futures contracts involves both substantial risks and enormous profit potential. Therefore it is not right for everyone.
Financial leverage provides speculators an equally higher risk / higher return investment.
Only risk capital should be used because an investor could lose more than the amount originally invested.
Precious metals futures contracts are legally binding agreements for delivery of gold or silver in the future at an agreed upon price.
The contracts are standardized by a futures exchange as to quantity, quality, time and place of delivery. Only the price is variable.
” Gold is competing with the US Dollar as the premier world currency.” – Bob Chapman