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was listening to Andrew Horowitz, said if Euro banks need to be liquid there will be Gold dump happening. If hedge funds need to unload assets as per whatever rules and whatever they have just like in 08 when they were rushing to sell assets will be the same thing with gold.
Silver is also down
Just like with paper money, gold is considered great only because of perceptive trust in it
My understanding is that in the old days the old colonies printed their own money and used it to finance whatever they needed. The bankers didn't like not getting a share of the pie so the gold standard was invented that way they can be in control of the money supply
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