Gold Soars Towards $1,600 As Bullion Banks Create 1,224 Tonnes Of Paper Gold (Video)
Gold Soars Towards $1,600 As Bullion Banks Create 1,224 Tonnes Of Paper Gold Video by Silver Report
First, we look at what’s going on with stocks and gold. Gold has taken off and is floating near $1,600 an ounce. Dow futures are down 150 points so far we may be in for an interesting day on markets. We also look at some of the dynamics of the gold markets physical and paper contracts. We find digging through the data there has been a massive increase in the m2 money supply. There has also been a rising interest in gold despite volatile price action as of recent. So much that they created 1,224 tons of paper gold in an attempt to suppress the price. It hasn’t worked in fact Gold returned 18% in 2019 and we see is off to a great start for 2020.