Y-Day is here! We’ve waited for years for the Chinese and their Shanghai Gold exchange to offer a competing Price “fix” to the existing structure out of London…and it all starts NOW!
How will this impact the gold market? At what price will the Shanghai Fix come in?
If this morning’s massive short squeeze is any indication…
The quickening has begun in earnest.
The end game has begun.
The following are major events and factors in the Global Currency RESET IN PROGRESS.
The sequence of future events might become frightening, as the new financial structure comes into view.
The potential for disruption to the USDollar- based supply chain and inventory system remains a high risk.
The onset of the return of the Gold Standard to trade, banking, and currencies is upon us…
After years of black-balling the GATA Chairman, CNBC invited Bill Murphy onto its SquawkBox program for a LIVE interview, which spun out of control rather quickly for the financial pundits when Murphy took the conversation to silver, and specifically where the white metal is headed when the banksters lose control of their price manipulation scheme:
Silver is their Kryptonite. If they lose control of silver, the game’s over! If the price of Silver takes out $18.50, its on its way to $100!
Click here for the GATA Chairman’s Full MUST WATCH Interview:
When Lyndon B Johnson told the American people that the US government would replace the currently circulated silver coinage with clad coins, most people didn’t think anything of it. After all, in his speech, Lyndon B. Johnson had assured nobody would hoard the coins and that there was still plenty of silver, just not enough coins. So, on July 23, 1965, the US Coinage Act passed as law of the land, and the silver from the dimes and quarter dollars were stripped totally. (more…)
In a recent interview with precious metals for Bitcoin retailer GoldSilverBitcoin, precious metals dealer Miles Franklin analyst Andrew Hoffman predicted a dire future for Greece and the whole of southern Europe. Hoffman, once an oil analyst, sees global debt balance sheets ultimately giving way to grave economic dislocations in the future.
“Europe is, cumulatively, the world’s largest economy,” Hoffman said. “Greece gets all the attention, but the finances of and economic activity in many of the other nations – from PIIGS like Portugal, Italy and Spain to supposedly ‘strong’ nations like France, aren’t much better.” In the news, Puerto Rico received coverage behind Greece’s and China’s current economic woes. In Hoffman’s mind, Puerto Rico is a distraction. (more…)