As I’ve said many times before:
“Only physyical gold and silver are real.
Everything else is an illusion.”
Paper investments in gold and silver will not be covered and there is a bloodbath coming.
The coming crisis will make 2008 look like a walk in the park.
– Madness Coming To Gold Market: “There Are Thirty to Fifty Owners For Each Ounce of Gold That’s Out There” (SHFTplan, March 25, 2015):
Though the price of gold has seen a significant drop over the last two years from it’s all time highs of about $1900 per ounce, many experts and analysts believe that western central banks and their colleagues at major financial institutions have been manipulating the price. The rampant manipulation is believed to stem, in part, from the formerly Rothschild owned London Gold Fix, an organization made up of five large banks that make a daily determination of what the price of gold should be.
It is this unilateral control by western banks that recently prompted the Chinese to create their own Shanghai Gold Exchange. What separates the two is that the Chinese will be using their currency, the Yuan, as the reserve rather than the U.S. Dollar. Moreover, unlike their European counterparts, the Chinese will be trading in actual physical dollars.
The Daily Coin explains: Continue reading »
Tags: China, Collapse, Dollar, Economy, Global News, Gold, Russia, Silver, Yuan