Is The BIS Setting Up The World For Another Meltdown?
KingWorldNews.com
July 09, 2016
On the heels of another wild trading week, is the Bank for International Settlements (BIS) setting up the world for another meltdown?
(King World News) Stephen Leeb: “In 2013, the Bank of International Settlements (BIS), one of the most powerful institutions you may never have heard of – blew it. It snubbed gold. I’ll explain how in a moment – contributing to gold sinking from $1,800 an ounce in October 2012 to below $1,200 by the end of June 2013, a massive 35 percent plunge in a mere eight months. The downtrend continued until the end of last year when gold briefly traded below $1,050…
Stephen Leeb continues: “Forget about the impact on gold investors. The real tragedy is that the BIS’s disdain of gold paved the way for today’s utterly untenable global economic mess. The ironic upshot is that today the world desperately needs gold to assume a more prominent monetary role. If central banks don’t act accordingly, the world is likely to descend into chaos in which gold will seize such a role anyway. Either way, gold will win.
The Rest…HERE
