Start by looking at the world gold council itself. Can we agree that many of their public pronouncements are suspect? They regularly under-report the demand side of the equation and support the government narrative. It's a standing joke.
Any governing body worth a shit would have called for investigations into so many issues so long ago - you know what they are I can't enumerate them all here again without writing a book - so how could the abuse continue this long unless they were on board with it.
If they were really trying to maximize their profits they would have formed a gold cartel upon collapse of the London Gold Pool and would be promoting higher prices for gold to the benefit of their company, it's shareholders, and of course themselves.
They didn't do that.
By colluding, they get to keep their jobs and fat salaries for starts. Their shareholdings are incidental to the point, as far as I'm concerned. I'm confident they could collateralize their millions of shares in any number of ways without having to sell them to reap a benefit.
How many members of the world gold council have made a public statement regarding the Deutsche Bank revelations of fraudulent price fixing? Lawsuits? Anything?
Not a damn thing. They must be willfully ignorant, because nobody could be that stupid.
It's as big a topic as bailing out of every other instrument that shields, deflects, or dilutes demand away from the metal itself, and buying the physical instead.
I'm not saying it's realistic or doable. I'm just saying if we wanted to win, that's one way it could be done.
There are plenty of other companies out there to work with if a guy absolutely HAS to continue trading. They're better leveraged anyway.
My personal strategy is to have as much of the stock as I want for the future right NOW. Quit trading. Buy physical.
They aren't gonna front run me anymore. They aren't gonna collect fees off me anymore. I'm gonna starve the monsters out and encourage everybody I know to do the same!
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