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Yet another article talking about gold going to the moon-been hearing this for 20 yrs

Posted by Richard640 @ 9:00 on August 20, 2014  

Grant Williams – Why Gold Is Headed Into The Stratosphere

“But if you look back at the 1970s there is one crucial turbocharger to the gold market that was missing at that time which is in place today. Back then the Asian central banks had no reserves. So you saw this crazy run-up in the gold price, without the participation of the rest of the globe.

But now these Asian countries and their citizens want to buy and own physical gold. When you look at these Eastern countries now, after the last 25 years their reserves have gone from $300 billion to $5 trillion. And these people want to swap that fiat currency for gold. So this time around when you get any kind of run-up in price, you will be competing to buy physical gold with a lot of entities in Asia who are holding a great deal of cash and who would much rather own physical gold than paper money.

So when we get to the stage where central banks finally lose control of all these things they are trying to keep in certain ranges such as inflation, bond markets, and currencies, once they start to lose control and people begin moving aggressively into gold again, you will see that an incredible amount of firepower has built-up that will want to buy and take physical gold off the market.

And so it’s going to be very, very interesting when we see where the price goes as there is this rush to own gold because I think we are going to see some really incredible movements in terms of price.”

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.