Surprise Shocker And China’s Latest Move Will Create An Upside Explosion In The Price Of Gold

Monday, September 5, 2016
By Paul Martin

KingWorldNews.com
September 05, 2016

Today a legend who was asked by the Chinese government to give a speech to government officials in China spoke with King World News about a surprise shocker and China’s latest moves and that will create an upside explosion in the price of gold.

Eric King: “John, I know you are connected at the highest levels, what about this Deutsche Bank situation and their failure to deliver gold?”

John Ing: “That situation has been looming for some time now. Deutsche Bank had discussions with Commerzbank — that was a case of show and tell. Well, when talks broke off, one of both of them had surprises when they lifted their skirts. But this situation is not surprising, particularly given the large derivative bank that Deutsche Bank possesses…

John Ing continues: “People are not aware of this, but for years now Deutsche Bank has been scrambling for physical gold. We have also seen Germany itself repatriating its gold from New York. But the underlying reality right now is that the physical market for gold is very, very tight.

We now have another factor at work and that is the October referendum in Italy, whereby the oldest bank in Italy and the third largest could be affected by the government wanting to introduce bail-in provisions. This will be yet another catalyst for a sustained upside move in the price of gold this fall.

The Rest…HERE

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