The Phaserl


“Stunning Demand” One Individual Buying $40 MILLION of GOLD

from Gold Money:

We have huge buying in gold and silver here at the bottom. Our business has increased a stunning 50 percent over the past few months. To give you just one example, there is an individual who is making an incredibly large purchase of physical gold. This one individual has approached us and is shopping the market for $40 million of gold. And, Eric, this is just one person. Think about that for a minute. These are the types of things you see at major market bottoms. You get some really smart money stepping in and buying. So I think we will be looking at higher prices into the end of this year and going into next year.

I’m not sure how long the price of gold and silver can stay down here at these levels with this type of massive demand for physical metal. This will eventually lead to a bottleneck in terms of supply, and that will happen quickly if prices continue to weaken like they did in 2008.

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