$500 Silver & The Real Reason Gold Caught Fire Yesterday
King World News
Today Egon von Greyerz sent King World News a tremendous piece where he discusses the silver price eventually eclipsing a stunning $500, where gold is headed, and why the gold market caught fire yesterday. Below is what Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, wrote in this KWN exclusive piece.
By Egon von Greyerz Matterhorn Asset Managment
July 23 (King World News) – Gold On Fire?
On Sunday it was reported that the JP Morgan Gold vault in Broad Street had caught fire. Let me categorically state that even the world’s best pyromaniac would most likely fail burning down a Gold vault. And let me explain why it is virtually impossible….
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Whistler Blowers, Insiders
JP Morgan’s vault burned down. Nothing says security like a safe built of wood and wadded up newspapers. Just like with the WTCs, a huge loss from the vaporization of all records and tons of the metal and trade records concerning transactions of fraud and bad investment by opportunist J.P. Morgan.
They got me once, never again though
It’s an insurance, not an investment.
Gold melts, it does not burn. And it is likely that no normal fire would get hot enough to melt gold. And if the bars were not real, the melting point would be off the charts. Paper gold and records another story. Maybe a false falg coming soon.