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Silver Tail On Golden Dog About To Wag The Banksters?
There are a few odd things that happened in the past week or so regarding the metals market. With everything else going on, these stories may have missed the attention of people who will wish they had seen them, so I am going to link several stories here and offer my very brief and utterly NOT professional analysis.
First there was this:
http://www.reuters.com/article/2013/10/08/us-india-silver-idUSBRE99711…
“Starved of gold, Indians may import record volumes of silver”
India’s appetite for gold jewelry and gifts during festival season is significant enough that professionals in all aspects of the metals market talk about it every year. If that appetite is turning toward silver, this could get interesting.
Next, I saw this:
http://www.youtube.com/watch?v=4hgA9j-4dB0
In this video, Ms. Hudes makes a claim about an underground stash of gold and offers us a number that is roughly equal to all the gold ever mined. It made me doubt her claim, and question what her motivation might be.
But then I saw this:
/economy/2013/10/100000-tons-of-gold-found-int…
“The mainstream gold world wants you to believe that in the entire history of gold mining there has been just over 160,000 tons of gold mined from the ground. On top of that, with all our latest seismic and exploration technology, we have only found about 100,000 tons of underground gold reserves that could be economically mined in the future. That is what “they” want you to believe but…
THIS IS A BOLD FACED LIE!”
That is by Bix Weir. I encourage you to read every word of this. He goes on to make a pretty solid case. Maybe Ms. Hudes speaks the truth?
This morning, I came across this:
http://www.moneycontrol.com/news/commodities/countrys-top-bullion-bank…
The banksters are trying to lure the Indian citizens into giving up their gold.
“Soni said he had proposed interest rates for the scheme of 2.5 to 3 percent of the gold price, to be paid in gold.”
But here is the kicker… It seems the average Indian does not give gold because it is a worthless, shiny relic.
“Indians often use gold as a ready source of liquidity in times of need, making longer-term deposits less attractive.”
I have been saying it for years: There is a golden tail on a silver dog. I think that tail might start wagging banksters here, very soon.
