If you were one of those dissuaded from saving in gold when the price plummeted 25% a year or two ago, than you’re probably not Indian or Chinese. Gold has never been coveted more than now in the two most populous nations of this planet. It is even being encouraged in China.
The Government in Delhi though discouraged buying gold when it raised import tariffs from 2% in 2012 to 10% in 2013 and the central bank has enforced a law stating all importers must keep 20% of their gold for jewelry. Gold imports have dried up and the metal Indians have turned to is its cousin, silver, where demand has doubled. One cannot look at the evidence and not surmise Gold is heading east with China and India importing record amounts of precious metals. Whether their government wants or not. Smuggling has skyrocketed in India and its neighbor Pakistan had to ban gold imports because of the demand.
In the West our financial ‘leaders’ see it differently. Ben Bernake, former Federal Reserve Chairman once said to the Senate Banking Committee “No one really understands gold prices.” Certainly, it could be said, the Western Bankers don’t want you too understand gold prices either. Isn’t Bernake, by stating such, insinuating that understanding the gold market is impossible. Chinese and Indian people realize how absurdly cheap the barbarous relic really is. Thus the Gold, ie Wealth, flows East.
In the West a propaganda war rages against owning physical gold. The Western Bankers have likely re-hypothecated their real gold because the ETF’s and paper trading gold is far more profitable than sitting on the physical bars. Those are melted down and shipped east. The banks are being sued for fixing the price. Did they fix it high or low is the question. Sometimes the paper markets trade more ‘gold’ in a day than is mined in a year ,and can manipulate the physical price by sheer weight of phantom paper ounces such as the 2013 collapse, begun by a massive sell of 500 paper tons.
They have done this in the previous years, to sustain confidence of an over-printed piece of paper, a fiat currency called the Federal Reserve Note. The United States Dollar. Sixteen trillion of these Dollars were printed since 2008. The source of the USD is the federal reserve and the federal reserve has proved and even state that,”These resolution plans are intended to help covered companies, the FDIC, the Federal Reserve Board and the Financial Stability Oversight Council better respond to the financial distress of a systemically important financial company.” Thus we have a central banking ruling North America that will bail out companies, select companies, but not the citizens it supposedly serves.
Gold is discouraged by these same select companies working closely with the federal reserve. Companies like Goldman Sachs whose representative Jeffrey Currie made statements like “Once we get past this stalemate in Washington, precious metals are a slam dunk sell at that point.”
Or Morgan Stanley, another corrupted titan of the Status Quo and the benefactor of $107 billion in 2008 from guess who, the Federal Reserve. They were calling for gold to drop to $1000 an ounce in 2013, but at the same time demand in North America for mint sales had quadrupled since 2007 to 42.675 million ounces in 2013.
At the same time in 2013 companies like Goldman Sachs were publicly telling the public to sell their gold, all the while they were buying record amounts themselves.
This suggests the federal reserve no longer has the German gold. Is this why they stoutly refuse an audit?
The point I try to pass connecting these already well connected dots is to point out the fact that the Federal Reserve, using the TOO BIG TO FAIL companies, is discouraging and downgrading the importance of owning gold as a hard asset in these perilous times. It’s Chairman refers to it as a barbarous relic, but Gold has a history of five thousand years. A history as a reliable currency, the US dollar scant one hundred years and after 2008 bailouts, with no solution except more bailouts in the future, any investments in USD are sure to lose big. Wall street hits highs yet the Federal Reserve props the markets with $80 billion in ‘quantitative easing’ monthly. Time has proven that fiat currencies are doomed to fail, when not tied to finite metals like gold. The USD is certainly doomed today that is why gold is a sure refuge from any collapse or market calamities.
Since 1974 when America’s currency was removed from its last ties with the ‘barbarous relic’, it’s debt has bloomed to near 18 trillion and what one dollar would buy in 1974, today $5 is required.One thing is certain. The price of physical gold was collapsed by paper assets. The truth worth of physical could be much much more if the markets were not manipulated. But if gold soars, the purchasing power of your dollar collapses and thus the federal Reserve will be held accountable. The status quo will remain until total confidence is lost in the fractal banking system.
The demand for gold in Asia increases, some claim demand will climb 20% by 2020. India has lost its first place as the worlds largest gold importer. The Chinese have imported 2116 tons in 2013, plus what was mined domestically. They are now the world’s second biggest holder of gold and China shows no sign of stopping.
Despite the calls from Federal Reserve crony companies like Morgan Stanley and Goldman Sachs that gold will collapse even further, history shows gold, after thousands of years, is the only known currency that hasn’t collapsed. Saving and hedging dollar assets in gold is the only sure way to preserve that wealth for the imminent dollar economy collapse of the near future.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)