Currency reset is more likely than China to goose the gold price
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
gata.org / Chris Powell / Sun, 2016-01-24 17:14
Dear Friend of GATA and Gold:
GATA’s friend R.B. sends a note that may be paraphrased this way:
“I know there’s little chance GATA would ever say ‘uncle,’ but I’m sure that no followers of GATA would mind if you said simply, ‘Wake us up when the Chinese take control of the price of gold.’ For that seems to be the only counter to all the price suppression happening these days. There seems to be little hope that price suppression will be stopped by any supply-and-demand imbalances, world events, and market and currency problems. Western governments have the gold market locked down tight. China seems to be the only way out.”
For whatever it’s worth, your secretary/treasurer does not see China as any particular friend of gold. Rather, China almost certainly wants to have enough gold only so that it can start rigging the currency markets just as the United States long has been doing, gold being the prerequisite for currency market rigging.
The post Currency reset is more likely than China to goose the gold price appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/01/24/currency-reset-is-more-likely-than-china-to-goose-the-gold-price/
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