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FSN: Silver OI Rises Again / Silver And Gold Advance / Austria Has 80% Of Its Gold Reserves In England And Learns That It Has Been Leased Out / Brazil Also Notifies Reporters That It Owns Gold Obligations From Bullion Banks
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Harvey Organ
Harvey Organ’s Daily Gold & Silver Report
Good morning Ladies and Gentlemen:
Gold closed up $23.40 to $1751.30. Silver also enjoyed a stellar day rising by 76 cents to $34.11. Today we learned that Austria has 80% of it’s gold in London and then we find out that this gold has been all leased out. The Austrian reporters are having a field day on this one. Then Brazil notifies us that the official gold purchased by them (51 tonnes in two months) is really gold obligations owing to them by the bullion banks. I wish these two nations all the luck in the world in getting real physical gold onto their shores.
In paper stories, the Euro/USA cross rose sharply these past few days signalling a risk is one situation and thus all bourses rose nicely into the green.
Continue Reading at HarveyOrgan.Blogspot.ca…
2012-11-24 12:22:15
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