GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

I don't know what the swift system in Belgium is but this has got to be good for PMs. From an email from Jim Sinclair:

Dear Friends,



Iran is to be dropped out of the Swift system in Belgium. That means Iran could neither send or receive bank money wires.



That would slam Iran's economy.



This is economic war at the highest level of conflict. This could start a greater move of central banks with fears of the West to increase and retrieve their gold positions. It certainly puts cash reserves held by central banks (which are computer entries anyway) into serious question as to security.



This is as serious as it gets in nuclear and economic terms. The only weapon that can be effective against Iran's nuclear industry is Western nuclear deep penetration bunker busters.



Hold tight to your insurance investment positions.



Regards,
Jim