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Billionaire Hugo Salinas Price - Central Banks Smashed Gold
Today multi-billionaire Hugo Salinas Price told King World News that central banks were definitely behind the smash in the gold price yesterday. He also said people should ignore it and continue buying gold and silver. But first, here is what Hugo Salinas Price had to say when asked about the plunge in gold yesterday: “I definitely think the central banks were behind it. I look at the graph of the gold price yesterday and when it collapses down $100 in about an hour, that is not natural market action. I think people are getting used to this. This is standard procedure and it doesn’t worry me at all.”
Hugo Salinas Price continues:
“The paper money people (central bankers), the fiat money people all over the world who are keeping us in this game, they are now in retreat. What you saw yesterday was a ‘Rear guard action.’ In reality, the gold and silver forces are overcoming them and overrunning them.
The gold and silver buyers are forcing a higher exchange rate between let’s say the US dollar and gold and silver. So every once in a while they mount an attack and fend off the army of gold and silver buyers....
Continue reading the Hugo Salinas Price interview below...
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“If I saw the price declining little by little, day after day, that would be a worrisome signal. That would mean the market is not anxious to acquire more gold or silver, but that’s not the case.
As I said, when I see that kind of collapse in gold, I know it’s not the natural market doing that. Nobody getting rid of their gold and silver is going to dispose of it in that manner. They are going to do it little by little.
This seller was definitely not interested in losses, what they were interested in was suppressing the price. What happened yesterday was insignificant from the point of the ongoing overrunning of the fiat money crowd.”
Hugo Salinas Price also stated: “Continue to acquire gold if you can afford it. If you can’t, continue to acquire silver and make sure you have physical possession. You can also invest in Sprott’s physical Trust, he has one that is trustworthy.
I would also encourage people to support the monetization of silver and read my site which is Plata, plata.com.mx because I have a book full of articles there on how to do this and why we should do it.
Ron Paul asked Fed Chairman Bernanke in his testimony, ‘Why can’t we have silver as money? Even in Mexico they are talking about this. They are trying to have competing currencies. They have been wiped out too many times with inflation that wipes out the middle class.’
Shortly, I am going to put out a piece with the Ron Paul video and a graph which shows how the monetization of silver would work. We must not only acquire gold and silver, but we must also work to have silver turned into legal tender once again.
We have to start with silver because that is what most people will be using, not gold. As long as there is paper money, gold will not be used as money, it will be hoarded. But silver can be used as money, together with this fake money that people all over the world are forced to use.”
© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
Eric King
© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,
rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
March 1, 2012
