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RE: The Golden Ratio and the Importance of $1380 Gold.
Yes, the law of nature always wins! They can manipulate the markets, but it will come back to haunt them.
The Fibonacci Sequence is amazing how it applies to nature and finance.
Hi @agrostis, I agree. King Canute learned the hard way too.
Forgot to mention this. Did you read how Deutsche Bank confiscated 20 tons of Venezuelan gold after it defaulted on its loan.
@agrostis, I guess the gold was collateral so legally it wasn't a confiscation. Unfortunately, it looks like the Venezuelan government is being strangled by the U.S./Fed but they should have known better than to borrow money from DB.