Western Central Banks Losing Ability to Control Gold and Silver Prices With Derivatives
SilverDoctors.com
July 18, 2016
It took longer than any of us thought it could but here we are:
Submitted by Dave Kranzler, IRD:
“Chinese miners are competing to secure gold assets, because there’s a consensus that domestic demand will far outstrip local supply due to fast-growing investment demand,” Wang Rong, an analyst at Guotai Junan Futures Co. said – in response to the news that the Silk Road Fund is spending $2 billion to buy a gold mine from Glencore
I am highly confident of two facts that will be difficult to prove with certainty until after the event:
1) the eastern hemisphere is accumulating more physical gold and silver than can be possibly tracked by western propaganda sources;
2) the western Central Banks are losing their ability to control the price of gold and silver with paper derivatives (Comex futures, LBMA forwards, OTC derivatives, lease agreements, hypothecation agreements).
#2 is occurring because the supply/demand deficit of physical gold and silver that can be delivered to the buyer demanding delivery is exerting powerful upward force the on oversupply of fraudulent paper metal. GATA predicted this event would begin to occur eventually back around the turn of the century.
The Rest…HERE
