Golden Predator Mining Corp. T.GPD

RE:RE:RE:Re:Bought More

[djrichie]

edit: Saudi starts 'selling' oil in Yuan :)

As most 'big money' sees gold as a currency, not a commodity. The real upside in gold lies as a result of currency debasement, seen in today's 'race to the bottom' among the bigger nations for a larger competitive slice of the pie in global trade. 

Eventually paper gold will decouple from the Crimex (within 2 years of Saudi selling oil in yuan) and we will see 2 different markets going forward for a period of time unknown. The paper market will eventually go to zero and the real market for gold will be the physical gold exchange in Shanghai (augmented by the yuan-oil exchange that will be convertable into gold).

You will then see miners start selling their physical gold to the physical exhange as this dual market forms. Another catalyst that could unhinge the Crimex paper market would be a gold cryptocurrency. I believe Sprott is working on one, as is about half a dozen other solid companies. 

After 9 years of QE and heavy paper manipulation we sound money 'gold-bugs' are finally about to be rewarded for our patience during the next few years. Cheers.