OohPooPahDoo
Gold Member
- Thread starter
- #41
Yes, there are real world examples. Look at what happened to the price of oil the last time the President said he was going to release some of our oil reserves onto the market. Just saying he was going to do it caused the price of oil to plummet. And that was almost literally just a drop in the bucket of world oil supply.
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The price of oil fell by a factor of 40 fold? Really? I don't seem to remember that. Maybe you're mistaken.
The amount of oil that was to be released onto the market did not add up to anywhere near five percent of total world supply. So it would not have a factor of 40 effect.
If you did release five percent of the world's supply onto the market, I bet oil would drop by a factor of 40. Hell yes.
Let's say the fed did decide to sell it all right away (and let's stick with your straw man and ignore they don't need to do that to realize the profit, as I have pointed out numerous times in this thread) - you wouldn't pay $100 an oz for gold? Or even $42.50?
First, I don't think you know what a strawman is.
Second, if the amount of gold that was available to buy suddenly skyrocketed by 8000 metric tons, then no, I would not pay $100 for an ounce of gold, and neither would anyone else.
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It doesn't need to be made available to buy you insufferable retard. See big letters above.