Gold price suppression to continue until China has enough

By: Curtis Wayne 0 Comments   12/29/2015

Over the last several years Gold prices have been illegally suppressed by the largest banks in the world, so that China can purchase enough Gold to support their currency before the new global currency is put into place.   

Mat Spasic at the The Daily Reckoning has a great article explaining this, here is what he says.  

“Over the next few years, we’re going to see a change in the global monetary system. The US petrodollar, so long the world’s sole reserve currency, is coming to an end.

It’s not that the USD will collapse. Rather, other currencies will take on a more important role in global trade, with the most prominent of these coming in the form of the Chinese renminbi (yuan).”

“It’s been suggested for some time the world is being readied for a basket of currencies to replace the US dollar’s role as the reserve currency”

“This new system is likely to come under the banner of the International Monetary Fund. It’s already been proposed that the dollar’s replacement could be the IMF’s existing Special Drawing Rights (SDRs).”

“In November, the IMF made an historic decision to include the Chinese yuan in the SDR basket.”

China is the reason

China is the reason that Gold prices are being suppressed.  China has become a major producer to the world, if the new global reserve system was put into place today, China would not enough Gold to back up their currency – and their currency and nation would fall into a deep depression, pulling the world into depression with them. 

Therefore, to prevent this from happening, Gold prices are being illegally suppressed until China buys enough Gold to support their currency in the new global currency system.

Many in the financial world are quick to discard this idea that Gold prices are being illegally suppressed, but there is no other explanation.

“You might be asking yourself whether that’s actually true.”

“Gold prices fall based on two things. The first is through low demand, which puts downward pressure on prices. The second is oversupply. That applies to gold, as it would in any other market or industry.

In the current bullion market, gold prices are falling without either of these conditions present. In fact, prices are falling despite increasing demand for physical gold. Equally, supply remains limited and not as overabundant as you might expect.”

“What explanation is there for gold to defy basic laws of economics? There’s only one: manipulation.”

“As we’ve seen, China’s gold hoardings are increasing rapidly despite gold prices remaining flat. And that’s the whole point actually. Prices have to stay low for China to buy up the amount of gold it needs.”

“Those with enough foresight to hold gold today will safeguard their wealth. Today’s US$1,000 an ounce gold will skyrocket beyond anything you can imagine. Gold may not pay anything in interest, but it’s worth can double, triple, or quadruple in the blink of an eye.”

In 2016, Gold may remain low while China continues to purchase tons, but by the end of 2016 China’s currency will be part of the IMF’s Special Drawing Rights (SDRs). 

Therefore 2016 maybe one of the best years to accumulate investments in Gold.

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