Thursday, October 22, 2009

The whole damn world is a ponzi scheme

Remember bernie madof? I don't know if I spelled the crooks name correctly, but he is the one that had a 50 billion dollar ponzi scheme going.
That people are buying and selling gold without ever taking delivery means that there is the opportunity for bullion houses to sell gold that doesn't exist... there are several owners for each ounce of physical gold sold on the market.

No comments:

Post a Comment