Look at what is happening with gold in Asia…

Email From KWN Reader
April 21 (King World News) – Email from one of our King World News global readers Ian C:  Hello to you all at KWN.

Thought I’d give you some feedback on gold price this morning from my Bangkok perspective.

Gold price has followed the western charts (dormant) since Thursday close. Didn’t realise Asia would be doing its own thing today, Easter Monday. Opening was just short of a 1% increase, it’s midmorning now at its just over 1% increase. For me, these are crazy times, but also most welcome. People here in Thailand with access to cash are getting out of fiat and into gold. I am getting messages from folks asking about gold, when to buy (I tell them 20 months ago was good). The attached picture [receipt] is from a friend who rushed out this morning to purchase 30 baht gold.

KING WORLD NEWS NOTE:  Receipt From A Gold Buyer Today In Thailand

Folks generally do not understand the factors pushing gold price up and remain more comfortable with fiat, this has caused many to get in late. 

Thursdays close, in Thai baht was 52450 and today’s opening was 52950. It’s now 53000.

Even at today’s price, gold is cheap. 

Yours faithfully

Ian C.

Gold
Graddhy out of Sweden:  Gold has already made a new weekly all-time this week, AGAIN.

Stated for 15 months gold $3000-$3300 is next. In a parabolic structure as noted, so can go higher.

KING WORLD NEWS NOTE: Gold Hits New All-Time High…Again

Note that most have called for big drop during the 15 months up-move.

Follow the right people.

Shocking Events Unfolding In China’s Gold Market
Last week was simply a pre-Easter pause in dollar selling by foreigners after the shock of the previous week. It’s hard to think otherwise than that the slide in the dollar and the systemic squeeze on gold is set to continue and that it is just an early warning for what is yet to come…to listen to Alasdair Macleod discuss shocking events unfolding in China’s gold market CLICK HERE OR ON THE IMAGE BELOW.

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