I am sure that lately anyone who reads my post knows that i like conspiracy theories very very much. Some times turns out to be true
others are still remaining a conspiracy theory to talk about in family dinners and nights out.
In this post i want to introduce you conspiracy theories with the main focus being the moneyzzz $$$$.
SPDR the worlds largest gold etf doesnt own any gold at all. The theory started because utilizes “third-party dealers,” many investors claim that these dealers have the ability to short or otherwise utilize GLD’s gold holdings, and therefore, there is third-party liability risk associated with the SPDR.
The price of silver was being manipulated downward in order to protect JP Morgan and other big banks. It is well known that U.S. money central banks have a giant short position against silver. The short position, it is said, is absolutely huge compared to the amount of physical silver that exists in the world. Thus, if silver moves sharply higher, some very large U.S. banks are going to be in a lot of trouble, potentially losing billions.There is even a group out there that wants every U.S. citizen to buy just one ounce of silver, with the goal of 350 million ounces of buying driving up the price of silver and bankrupting U.S. big banks.
Well i find both theories very plausible. These banks and etf wielding great power if even one of them goes down that means financial Armegedon to the world. Thing what happened to crypto world when both Luna and FTX went down but multiply it by 100.
https://www.spdrgoldshares.com/
https://financialpost.com/investing/debunking-the-biggest-conspiracy-theories-in-finance