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pavelmares
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FUELING GOLD’S FUTURE ASCENT

- Jeffrey Nichols - Nichols on Gold

It cannot take much more time for everybody to realize that not only big deposits, but in fact every money entrusted to banks by their depositors are at stake after what happened in Cyprus recently. As a matter of fact, in the fractional banking system ALL banks are more or less broke and in the end their clients will be ripped off, not the bankiers. Once this truth gets home to them, and if there is anything strange it is why it did not happen until now, they will want to turn all their deposits into gold at any price. The demand could explode tomorrow.

Commented 4039 days ago

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Beginning of the headline :Gold has certainly taken a beating in recent days, giving up all of the gains attained during the Cyprus crisis — and down nearly 20 percent from its all-time high back in September 2011. And, now having suffered two consecutive quarterly declines for the first time since early 2001, some analysts and investors are abandoning the yellow metal, proclaiming that gold’s decade-long bull market has run its course. I’m no “gold bug” – but I couldn’t disagree more . . . based on solid reasoning and ob... Read More

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