Legend Connected In China At The Highest Levels Says Gold Will Spike To $2,200
KingWorldNews.com
December 21, 2018
Today a legend who is connected in China at the highest levels predicted the price of gold is going to spike to $2,200.
2019, The Year of Living Dangerously
By John Ing, Maison Placements
December 21 (King World News) – Next year, we expect a number of factors that will drive gold prices higher. In 1990, the top ten largest institutions held about 10 percent of US financial assets. Noted economist and nonagenarian Henry Kaufman calculated that today’s 10 largest financial institutions now hold about 80 percent of US financial assets. Never has so much is held by so few. Similarly, the Economist magazine noted that since 1997, market concentration has risen in two-thirds of industries such that 10 percent of the economy is made up of industries in which four companies control more than two-thirds of the market. In Canada, the concentration is more widespread with the oligopolic concentration of the banks, cable, insurance, auto and media industries.
And worrisome too, is that Wall Street’s newest structured products, ETFs, algos and derivative CTA sell programs (managed futures funds) has resulted in a similar unhealthy concentration of assets, such that next year a sudden change in the markets will see the marketability of a large volume of securities and liquidity disappear – not everyone can fit through the exit door at the same time. Gold will be a good thing to have then…
The Rest…HERE
