The Smart Money is Dumping Stocks

Wednesday, October 8, 2014
By Paul Martin

by Phoenix Capital Research
ZeroHedge.com
10/07/2014

We are getting clear signals from the “smart money” that something bad is looming on the horizon.

The most obvious signal comes from the ultra-wealthy (those worth $20 million or more) who are rapidly moving out of paper assets and into real assets.

For this reason, I want to draw your attention to the fact that the super-wealthy are currently moving their money out of paper assets like stocks and into real assets such as Gold.

The super-rich are looking to protect their wealth through buying record numbers of “Italian job” style gold bars, according to bullion experts.

The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost.

“These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film ‘The Italian Job’,” added David Cousins, bullion executive from London based ATS Bullion.

The bars which are made from pure gold and are worth more than £300,000 each at today’s prices of $1,223 (£760) an ounce.

The Rest…HERE

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