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Investors Have Started To Protect Themselves: Gold And Gold Stocks Are Flying
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
investmentwatchblog.com / Submitted by IWB, on February 13th, 2016
In our column last week we were warning you about Deutsche Bank’s problems and potential issues with its derivatives portfolio and its capital structure. The story continued to unfold in the past week and Deutsche Bank was pushed into a corner as more and more investors started to lose confidence in the bank. A plan to buy back $5.4B in debt in a desperate move to reassure the capital markets. In fact, Deutsche’s move is so desperate it will even start buying back debt that was issued less than six weeks ago.
Where did we see that before? Oh, yes, of course. Lehman Brothers. When the shit was hitting the fan, Lehman continued to buy (back) assets instead of keeping the cash in-house to have a financial buffer to counter any potential liquidity issue.
Well, the financial world definitely wasn’t assured by Deutsche Bank’s reassurances, and this effect was predominantly felt in the gold market as the gold price jumped to a multi-year high at in excess of $1264/oz. That’s very nice, but what’s even more interesting is the fact the buying pressure actually started on Thursday, right at the moment the Hong Kong Stock Exchange opened.
The post Investors Have Started To Protect Themselves: Gold And Gold Stocks Are Flying appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/13/investors-have-started-to-protect-themselves-gold-and-gold-stocks-are-flying/
