“Those who wish to seek out the cause of miracles and to understand the things of nature
as philosophers, and not to stare at them in astonishment like fools, are soon considered heretical and impious, and proclaimed as such by those whom the mob adores as the interpreters of nature and the gods. For these men know that once ignorance is put aside, that wonderment would be taken away, which is the only means by which their authority is preserved.”
― Baruch Spinoza, Ethics
In a recent review I quoted part of a social media piece written by James Anderson - our friend at JM Bullion.
Anderson stated:
“I repeat that is $25 trillion per year traded in these 2 money metals, the high 90% of which are never ever delivered in real physical bullion.
Just electronic paper trading back and forth, to and fro.
When you analyze the annual physical gold and silver bullion mining outputs per year, the leverage in the system is roughly 150 parts silver / gold derivatives vs. 1 oz of real bullion coming to market physically.”
A number of readers pointed out that the leverage is actually much greater.
http://www.gold-eagle.com/article/which-price-ratio-matters-most-fiat-ponzi
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