One Ounce of Gold Could Save Your Life…”the big day of reckoning is coming.”

Wednesday, March 18, 2015
By Paul Martin

GramsGold.com
3/17/2015

A number of studies have come out and shown that the central banks around the world are in complete control of the price of gold. It’s not a free market, whatsoever. It’s set at a price that the central banks want it to be.

Gold used to actually track the debt. As debt expanded, the gold price would rise with that debt, but that’s stopped, because they’ve shut down free gold trade. But does it matter, because at some point when the debt blows up, gold will just catch up in one day.

You’ll see gold suddently at $5,000 ounce one day,” says Max Keiser in an interview with Investment Director Ned Naylor-Leyland.

“Central banks and governments have bought 477 tons of gold in 2014. The World Gold Council expects the same for 2015. The price isn’t responding because of what we just mentioned.”

Leyland comments,” Anywhere east of Istanbul, central banks are accumulating. In the West, in the US and UK, they are trying to manage the price in the electronic obligation market. In Europe they are trying to repatriate, and then east of that, they’re trying to accumulate.

Gold is the best systemic hedge, probably the only systemic hedge. We are going to get an RMB denominated gold fix and Reuters has announced that this is coming this year.

“Once the situation starts unraveling, it could happen very quickly. Gold is trading at $1,100 an ounce and then we’ll wake up
one day and it will be 5 or $6,000 an ounce.”

We are going to get a renminbi-denominated gold fix and Reuters has announced that this is coming this year. Both through this movement of the physical market to China and this change in the fix, but also in terms of this new global trading platform which is emerging in the backround, you’ll be able to trade in large volumes without going through the LBMA.”

Keiser says, “So, if somebody shows up to buy 100 tons of gold in the market, the banks are authorized to sell 100 tons of paper gold, essentially “naked shorts” at that moment to mitigate the effect of that demand.

No matter how much demand comes, it could be the 5 times the annual output of gold, then the exact amount of paper gold, which are “counterfeited futures contracts” are dumped. In fact, in the case of the silver market, for every dollar that shows up to buy an ounce of silver, they dump 50 dollars of paper gold. You’re saying that this new change will ensure proper price discovery based on new demand.

Now we’re getting to a point where there’s going to be a huge price discovery. So the big day of reckoning is coming.”

“If you were in Cyprus and in the Ukraine, owning gold was a lifesaver. Everybody across the entire socioeconomic scale, if they are concerned about the debt of this country skyrocketing,
or the fiat money paper pyramid scheme collapsing,
even owning one ounce of gold could
be a complete lifesaver. “

The Rest…HERE

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