Loading ...The scum will run out of physical before too long, it’s going to China and India…they have tried to slow/stop the Indian flow and failed abysmaly, the Indians love their gold far too much. In China it is gu’mint policy to promote/hold Gold.
So 2.5 billion people are buying physical and the scum are selling paper….there is only one winner, but 2.5 billion of ’em.
As bad as that is, the foundations of the West’s financial system is a mountain of debt, which is only hidden by the Rig, Gold going North of $ 3000, will cause mny questions…..let’s watch Canada, to see how they deal with that property bubble….that blowing up wasn’t in the scum playbook…there is an even bigger property bubble in Australia.
Cheers