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An Unprecedented Global Frenzy To Buy Physical Gold & Silver: Shoppers In China Lined Up For Gold This Week, While In Hong Kong They Rushed To Buy Bracelets And In India Sought Jewelry For Weddings Not Set Until December And There Is A Shortage For Bars And Coins In Dubai Which Is Creating A Supply Shortage; Short-Term Bounce In Gold Could Start Here!!
Farage – People Are Lined Up Around The Block To Buy Gold
Farage: “No they are not. We are now incredibly cynical about our government, about our central banks, about all of the things that we are told. They are sure signs, if people are queued up around the block to buy physical gold, that people are scared….
“They don’t believe what they are told. Exactly when the moment is I don’t know, but all I would say to people who have been building into a gold position over the course of the last few years, and doing it for all of the right reasons that King World News has advocated, don’t panic. Don’t worry. This is a buying opportunity, not the moment to panic.”
China Has `Enormous’ Appetite for Gold
Nigel Moffatt, treasurer at the Perth Mint, talks about the demand outlook for gold. Shoppers in China lined up for gold this week, while in Hong Kong they rushed to buy bracelets and in India sought jewelry for weddings not set until December.
Rule – More Evidence Of A Massive Run On Physical Gold
The guy in front of me bought over $1 million in gold. He paid in cash & walked out of the door with the (gold) bullion in a nike bag. Amazing.” I have every confidence that if you & I are on the phone few years from now we will look back &…
Aram Shishmanian, CEO World Gold Council: “It has become increasingly clear over the course of the past week that the fall in the gold price was triggered by speculative traders operating in the futures markets. Their short-term view of generating a trading profit is in stark contrast to the views of long term investors in gold, as evidenced by the massive wave of physical gold buying that began over the weekend and accelerated following Monday’s further decline.
Read more at http://investmentwatchblog.com
