Today Nomi Prins, who has given keynote speeches to the IMF, Federal Reserve and World Bank, warned King World News that China may launch the equivalent of a financial nuclear weapon by telling its state-owned banks to dump US Treasuries and buy gold. This would unleash global financial chaos and send the price of gold even higher.
May 10 (King World News) – Eric King: “Nomi, for some time now you have been hitting it out of the park when it comes to predicting movements in the price of gold. You have been making very precise calls on how gold would advance, what price it would advance to, and you’ve nailed it almost to the day. You’ve been predicting for some time that we would see $4,000 gold by the end of this year, $5,000 gold by the end of next year. And a lot of people were thinking, ‘It’s not going to happen.’ They are entrenched in this bear market mentality and they are waiting for the next shoe to drop.”
China May Tell State-Owned Banks To Dump US Treasuries And Buy Gold
Nomi Prins: “By the way, thank you for what you said about some of the levels I have correctly predicted. What you and I have been talking about, and where these levels [gold price predictions] are coming from is from the actual physical gold accumulation by central banks with the goal of having that gold be backed in reserve relative to currencies, relative to the massive US debt. So what’s happened is these countries – we’re taking about China, India, Poland, etc – these central banks that effectively need to or want to have more credibility on the international stage from an economic trade/national security perspective going forward, they have been accumulating and continue to accumulate physical gold. And not only are they accumulating, but China, for example, has the ability to say to the other banks in China – the state-owned banks – ‘Hey, you know what, dump your US Treasuries and buy gold, and have gold in your asset base.’ So what has started as a central bank movement … to continue listening to her latest remarkable price predictions for the price of gold, silver, mining stocks, uranium, the US dollar and more CLICK HERE OR ON THE IMAGE BELOW.
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