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James Turk-They’re Not Going to be Able to Save the System This Time Around
Monday, April 28, 2014 4:47
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When the spot price of gold is higher than the future price, it’s a rare occurrence called “backwardation.” James Turk from GoldMoney.com says, “The weird thing that has happened and it’s never happened in history, when the gold price was driven down last year to its lows in June 2013, gold went into backwardation, and since then, it has been in backwardation more than 50% of the time. The only other times backwardation occurred were in 1999, with the lows in gold, and 2008, with the lows in gold. After both of those backwardations, the gold price soared.” USAWATCHDOG
the central banks will just let global rise to 1000 trillion and then collectively they’ll all agree to lop off 9 zeroes across the board and begin a new.