Gold, set to explode?
Interesting facts on gold:
Physical gold demand has skyrocketed, according to GATA, with rich investors buying up supplies, causing shortages, and paying premiums of up to $25 per ounce over quoted price to secure gold. This is more evidence that the traded market price of gold is being manipulated. When you artifically surpress the price of a commodity, it disappears.
Goldman Sachs, the most powerful and connected pirate on Wallstreet has just gone net long gold from being net short for a long time (probably part of the price manipulation cartel. This article suggests that a net long (buyer) Goldman means that the price will explode.
Central banks who have been dumping their gold by the hundres of tons have stopped selling gold because it is now seen as their best form of reserves in these uncertain time.
Now if you are thinking of preserving your wealth by buying physical gold, remember that during the 1930's depression, physical gold was confiscated by the U.S. Government, and made illegal to own (isn't it great to live in the land of the free?). I doubt Canada would be much safer in a real global crisis.
0 Comments:
Post a Comment
<< Home