The money seagulls are heading to shore!
The money seagulls are heading to shore!
Sailors say that, when all the seagulls head to shore at once, it’s time to do the same. It’s a sure sign that a storm is on its way.
The following stories from this week’s news make it clear that some of the world’s biggest players in the financial markets are seeking secure ground as fast as they can. They are the ‘insiders’ who, not only have a clear view of what is happening in the economy, but some of them are the people who make it happen.
If you think you know what lies ahead better than these people, then these articles will waste your time. But if you think they may have a seagull-like instinct for coming financial storms, then pour yourself a cup of coffee and read these stories very, very carefully.
G. Edward Griffin
2016 May 20
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Billionaire George Soros is preparing for an economic storm. He has reduced his stock investments by 33% and increased his gold-mining holdings by $264 million. Central banks also are running to buy gold. China, which consumes 40% of all newly mined gold each year, recently bought Barclays’ precious-metals storage business. It is clear that these big players know something about the coming price of gold. RT 2016 May 18 (Story)
Gold and silver prices still are being rigged. Bullion banks, like JP Morgan Chase, are allowed to sell contracts for future delivery of precious metals far in excess of what they have. If you can sell something you do not have, you can sell as much of it as necessary to depress the price. It’s that simple. The current number of ounces sold in this fashion now is 500 times greater than what is actually available for delivery. When that bubble bursts – as it must – the splat will be enormous. Those holding paper contracts will be jumping from high-rise buildings. Those holding gold and silver will be wealthy. Money Metals 2016 May 16 (Story) (Cached)