Tuesday, November 21, 2017 7:06:34 PM
Bigworld, After the big gains on Friday, the gold/silver chart looked ready to start an up leg, so it wasn't surprising to see the price suppression mechanism kick in. I used the dip on Monday to add to my stack, so am trying to benefit from these low levels. We're being given a great opportunity to accumulate at artificially suppressed prices.
Rickards says that once China reaches their goal of 8000 tons, they (in concert with Russia/BRICS) have the ability to induce a dollar crisis by raising the price of gold. The process of de-dollarization of world trade is accelerating, and the petrodollar system is crumbling, so moving out of dollar denominated paper assets and into hard assets like gold/silver is only prudent.
Here's one of the new gold coins coming out of the UK -
Rickards says that once China reaches their goal of 8000 tons, they (in concert with Russia/BRICS) have the ability to induce a dollar crisis by raising the price of gold. The process of de-dollarization of world trade is accelerating, and the petrodollar system is crumbling, so moving out of dollar denominated paper assets and into hard assets like gold/silver is only prudent.
Here's one of the new gold coins coming out of the UK -
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