Gold breakouts are everywhere as bank crisis now set to accelerate. Meanwhile don’t even ask what is happening with available physical gold and silver which is being swept off the market.
The Bank Crisis Is Just Getting Started
March 25 (King World News) – Alasdair Macleod: “All the big global systemically important banks in the eurozone, and there are 7 or 8 of them, have their share prices falling very heavily. So there is a vote, if you like, internationally amongst depositors to basically get out of the eurozone banks. And I think they are going into physical gold and silver. The Germans in particular understand that the way to protect yourself from a failing fiat currency or a failing fiat system is you put your money into gold. You get rid of the credit stuff, get rid of the deposits and all the rest of it and just go and buy gold. And that’s what’s happening.
Rates Will Continue Higher
And interest rates are going higher. So the banking crisis is going to continue. We’ve only seen the start of this, Eric.
Gold Breakouts Everywhere
We’re getting into a situation where there is going to be no physical available. And I was just looking at prices in various currencies. The only currencies where gold is not in high ground is the dollar and the Swiss franc. If you look at gold in British pound it is at a new high, if you look at gold in euros it is breaking out, Canadian dollars it is breaking out, new highs for gold in Australian dollars. So if you look at only the dollar price it’s not telling you the whole story at all. So now you have not just the Chinese and the Indians who have been trying to clean markets out of physical gold and silver, but you have…to continue listening to Alasdair Macleod discuss available physical gold and silver inventories disappearing, why the bank runs and crisis are set to accelerate and much more CLICK HERE OR ON THE IMAGE BELOW.
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