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FSN: Gold’s Paper Price “Doesn’t Mean Anything”
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by John Rubino
Dollar Collapse
In this week’s talk with National Numismatics’ Tom Cloud, he explains why the reported price of gold is not the real price.
DollarCollapse: Hi Tom. It’s been a brutal couple of weeks in precious metals. Last time we talked you said that gold could fall to $1,540. Your prediction is close to coming true today, with gold below $1,560. What are your charts saying now?
Tom Cloud: There’s serious support at $1,540, but if that doesn’t hold the next major support level is $1,380. I don’t see it going this low for a variety of reasons, but it is possible because when you have an asset that’s gone up for 12 straight years you need a pullback to shake out the weak hands.
Continue Reading at DollarCollapse.com…
2013-04-04 01:47:47
Source: http://silveristhenew.com/2013/04/03/golds-paper-price-doesnt-mean-anything/
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