Silver & Gold is about to Explode! Bank Holiday warnings…..
I put emphasis on Silver as news is, silver will run out in 2020! This according to the Wall street Journal. Also according to Bob Chapman, embassy’s around the world are exchanging their dollars for other currencies. Warnings of a bank holiday also.
The Federal Reserve may have to monetize a half trillion dollars of U.S. debt in coming months. That flood of dollars can only send the value of the U.S. dollar down on foreign exchange markets. With that development will come a renewal of the bull market in $Gold. The Federal Reserve and the Obama Regime may be only months away from making $1,000 the new floor for $Gold.
Three institutions that don’t want you to own Gold
Eventually we expect even O.P.E.C. to accept Yuan in payment of oil!
The downward pressure on the dollar is inevitable and we believe such a depreciation has been accepted by the Chinese. The moves to resurrect the S.D.R. are part of this acceptance and an attempt to avoid the dollar’s depreciation. There will simply be far more U.S. dollars internationally than are needed, so the only way to avoid suffering from the dollar’s fall is to diversify, via the S.D.R. into other currencies. If China can replace the U.S. dollar with newly composed S.D.R.’s they can protect the buying power of their huge [$1.95 trillion] reserves, at least to some extent!
I couldn’t let you be the only one posting on your own thread, Investorzzo, so I’ll say thanks for the links that I can’t wait to read in a few minutes after I go downstairs and get something to drink!
Real Money, video
The goldrush21 presentation on dvd (youtube/torrent) was the eye opener for me. So much stuff that makes sense. I advise everyone to see it because then you will realize that what we are experiencing now was known years ago.
Bob Chapman talks about the markets and Gold, silver. Bank holiday.
If truth be known, the Chinese Govt is working overtime to unload their USTreasury Bonds and USAgency Mortgage Bonds, spending them in Africa, Latin America, Asia, Australia, the Middle East, even Europe.
Bank holiday plan execution must be kept as surprise, since reactive preparations undermine the impact of the vast theft planned, both overt (from devaluations) and hidden (from stolen accounts). Those who wait to take action lose all opportunity to benefit, and will surely lose significantly. The major central banks are very likely accumulating gold bullion on a net basis.
What Will It Take for Gold to Overcome $1,000 .
My vote is for senario number 3.
So I’m still trying to figure this stuff out ! I hear the rumors of a Bank Holiday , Dollar collapse etc. etc. What I’m trying to figure is how to protect what little cash reserves I have and not get stuck with worthless dollars ! I have bought some gold and silver , and have a few months supply of dollars at hand . My question is what would you do with the money you now have in a US Bank or Credit Union .We have about a years worth of funds in US dollars in our Bank and Credit Union . I am currently unemployed so we draw on it from time to time . Any idea guys and girls ? I have got to go get my dog from the vet , Hopefully you guys can solve this for me before i return