After KWN exposed the lack of liquidity in London, gold and silver staged a big rally on Monday. But according to one of the greats in the business investors should look for further gains in the Metal of Kings (Gold).
Over the weekend KWN ran the viral interview Crisis Brewing In London As Gold Liquidity Dries Up – “No Liquidity At All…Whole Situation Precarious.” Well, today the metals are reacting to that crisis in London by bolting higher with the price of gold surging above $1,800 and silver breaking out above the key $28 level.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the clock is ticking and we are going to see massive wealth destruction and the greatest transfer of wealth in history.
This interview takes a trip down the rabbit hole of a crisis brewing in London as gold liquidity has dried up and one veteran warned, “No liquidity at all…whole situation extremely precarious.”
Reports out of London and Zurich indicate that there is no physical gold or silver available in size in either London or Zurich, Switzerland. The only question remaining, is the Bank of England leasing gold in a desperate attempt to keep the price in check?
If you are worried about the action in the gold and silver markets just read this…
Below is a brand new segment on health, plus a look at gold, silver, commodities and inflation.
Sprott Asset Management, which has been making news with its PSLV fund accumulating large amounts of physical silver, is now saying silver demand will explode in the next 10 years.
A Swiss firm just issued this major report titled “The Death Of Logic.”
Today one of the greats in the business said the dip in the price of gold is ironic and remained bullish on gold.