Spot Gold & Central Bankers
Herkimer diamonds
Central bankers around the world can’t say it publicly but they KNOW that the current U.S. administration is killing the creditworthiness of the dollar.
They aren’t stupid.
They see what the Obama gang are doing and realize that these empty suits have ZERO respect for the currency.
Slowly but surely, they are trading out of the dollar and the other fiat currencies and are slipping more and more gold, silver and other precious commodities into their holdings.
Central banks are part of a very sturdy floor under the price of gold.
gold nugget prospecting videos
Related Posts:
2 Comments
Post a comment
I think spot gold could go over $2,000 an ounce by the end of this year.
COMEX gold is being maniuplated by the Fed through a couple bullion banks.
They are doing a fine job of keeping gold down and everyone flooding into it.
But, eventually gold is up because even the Fed will eventually use it to cut the US debt in half or more by revaluing gold to the dollar. Only, they will do it when they feel it is time to do it.
Until then, gold will be stuck in the range of 750 to 900 dollars. Unless, Chinese or middle eastern folks take advantage of golds low price and start buying it on the COMEX with the intention of taking delivery.
Then the game will be over for manipulation by the Fed.
So, either the Fed will eventually cause the price of gold to go to four figures on their time table or some foreign entity will get into the game before that happens to keep from loosing dollars when the Fed does it.
Silver coins