Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also stated, “I need to clarify here that this unbelievable situation appears to be being fueled by a great many Chinese buyers who are aggressively exiting US dollars.”
Barron: “The situation in Europe continues to be fairly grim. S&P has lowered the credit rating of France in the last week. We have also seen the general strike in Greece, the transport strike in Portugal, and the employment rates are not being improved at all in the PIIG countries….
“So, the situation remains very dire, and if they don’t start to throw massive amounts of QE at the tragedy in Europe, from the ECB, things could really get out of control in a hurry. We are talking about major civil unrest, especially in places like Greece.
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