Today the gold price broke through $1300 before it was pushed down. The recent developments in the gold market are worth paying attention.
Two pieces of big news:
China launches Yuan/RMB gold price fixing
Deutsche Bank admits it rigged silver and gold markets
It is no secret that China, Russia and India had been importing and accumulating gold and silver for the past decades. With the Western banks admitting that they had been manipulating the precious metal markets, the shift is going from West to East. The bankers have been using paper contracts to suppress the gold and silver prices for a long time, but their game is almost over. Once people start demanding physical delivery, the entire ponzi scheme will collapse.
Of course, the very high-level elites accumulate vast amount of gold in their personal vaults, knowing the true value of the previous metals, while printing trillions of worthless paper money to finance the accumulation. What a brilliant yet sinister idea: getting rich with real and tangible assets with worthless paper (now digital) money.
The gold and silver price are starting to rise again, in my opinion.
Dear readers, get rid of your paper money, stocks, bonds and start accumulating tangible assets. I suggest you in this order:
- Water
- Food
- Survival Gear
- Self-defence
- Silver
- Gold
- Land
Don’t forget to work on personal relationships with Jesus Christ and other people. It is much wiser to have ten close-knitted Christian brothers then 100 ounces of gold in your home.