Gold Miners Lose $169 Billion as Price Slump Adds ETF Pain

Read the headlines and you'd think the price of gold will tank again, based on the negative headline.

But let's dig deeper.  If the price of gold keeps sinking, miners will go out of business, as extracting gold becomes uneconomic.  Less gold production means shortages intensify--which leads to higher gold prices.

The bullion banks suppressing gold prices (acting as agents of western central banks) only exacerbates physical shortages, as buyers in the East snap up inventory at lower prices, further depleting inventories in the West.  Hence, the largest wealth transfer in the history of the world from the West (Europe, US, Japan) to the East (China, Russia, India, Asia)is occurring right before our eyes.

Thank you Fed for bankrupting America.

http://www.bloomberg.com/news/2013-04-17/gold-miners-lose-169-billion-as-price-slump-compounds-etf-pain.html