GREY:MPRXF - Post by User
Post by
threepalmson Aug 15, 2013 6:58pm
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Post# 21674663
have the western banks been sending gold to asia???
have the western banks been sending gold to asia??? It is the opinion of some that the Asians believe that the Western gold system is very close to collapse and they want the as much physical gold in their possession as possible.
Some that follow this situation closely believe that a very large part of the 1,300 tons of gold that was shipped out of the Bank of England, has ended up in Asia. There appears to be a massive run on physical gold right now and that may fuel an even greater upward movement on the price of gold.
The bottom line is that the Western fractional reserve gold system may soon move closer to the edge of collapse and the Asians seem to know it.
I think that one gold bug that recently stated that the amount of money that might be made in the junior sector in the coming years may seem staggering to some.
Mega may be just be one of the junior winners as it continues to advance it's projects and add ounces. all in my humble opinion