Gold: Fundamentals
Our CEO, Patrick MontesDeOca, has been trading gold since 2008. Since then, the paper market has corrupted the gold market by distorting the price of gold. Selling short has allowed paper sellers to depress the price of gold artificially, which seriously damaged or destroyed gold mining companies. In 2008, mortgage selling was behind the collapse. Selling mortgages to individuals who could not afford even the first payment was ridiculous. The system collapsed, and the financial system came close to collapsing. The Fed had to open up the printing press to support the economy