NY & LONDON GOLD VAULTS ARE EMPTY Uncle Bobby, your point is well taken. While the US Federal reserve and the Big Central banks were busy manipulating the gold price, the Eastern countries, Russia, China, India, Turkey and other Easter nations were busy loading up and buying gold at bottom prices. These countries have accumulated massive gold reserves. With the gold vaults in NY & London being practically empty, the paper gold game is over, derivatives and fiat currencies are doomed, now gold and silver will become the global base currency.
Pierre Lassonde’s just made this comment on King World News,
“And yes it’s been frustrating I would call it the last six months or even a year in the gold market, but I’m actually quite positive that we have seen the bottom in the gold price…This quick snippet was released to let King World News readers across the globe know in real-time that legend Pierre Lassonde has called a bottom in the gold market.”
Increasingly, those wanting to get out of an imploding fiat credit system are turning to real money — which is only physical gold and silver. Let the fun in the global Gold and Silver market begin…
Unclebobby and all gold investors, we are certainly living in interesting times. Do not let the volatility in the stock market over-take your mindset. Keep your seatbelts fastened, stay nimble, alert and try to stay safe…