GET READY: THE GREAT TRANSFER OF WEALTH IN GOLD & SILVER IS COMING
August 16, 2013
U.S. Economy stands at the edge of the abyss while the financial MSM debates whether or not the FED will taper in the fall. Silly analysts. Serious cracks are beginning to appear in the economy while the precious metals have now seemingly decoupled from the broader stock market in a big way.
The Great Transfer of Wealth is Just Beginning. Even though many in the East are buying gold and silver, those in the West are totally asleep at the precious metal wheel.
Only a fraction of the public are ready for what is coming. Most are still totally invested in paper assets that have no future… and the future is now here.
Foreigners: Getting a Whiff of the Stinky U.S. Bond Market
Well, the U.S. Treasury TIC data came out today, and it showed what most of us in the precious metal community realized… and that is a broad sell-off. If we look at the table below, foreigners unloaded $56.5 billion of U.S. Treasuries and Bonds in the month of June.