The Phaserl


Greyerz – We Are Seeing Massive Gold Demand In The East

from KingWorldNews:

In the West there is relatively little demand for precious metals right now. But if you then turn to the East, they are buying everything they can from the refiners here in Switzerland. So the physical market in the East is extremely strong. And the West is totally missing the boat and ignoring this market. This is the trend we’ve seen in the last couple of years.

We’ve seen most of the physical gold go from West to East and in the end there will be very little left in the vaults of (Western) central banks and in the vaults of the bullion banks. It (virtually all of the gold) will be in the East.

Egon von Greyerz continues @

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2 comments to Greyerz – We Are Seeing Massive Gold Demand In The East

  • Frank Zak

    The gold market is huge. More than SP 500 and Dow combined every day.
    Leveraged 100 to 1. The FED must manipulate it as they have leased
    their gold. Bullion banks have leased their gold 10 to 1.

    Same banks that own the FED.

    Gold could bring a system collapse in a matter of minutes.
    GLD cannot be allowed to drop much more.

  • Frank Zak

    If the central banks allow gold to go to $1000, GLD will fail.
    Its inventories will be gone. The COMEX will then fail.

    That will be the end game. A stock crash could also produce
    the same results.

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