by Nathan McDonald, Sprott Money:
Events are moving behind the scenes. For decades, Western Central bankers have told the masses that gold is a barbarous relic. They have encouraged us to shed its protection and move into the sanctity of their highly corrupt and highly manipulated fiat assets.
During this time period, our Western Central bankers have offloaded our countries’ hard earned wealth, shipping massive quantities of precious metals to far off lands in the East, never to be seen again – despite what they may think. Our wealth is being sold out from under our feet.
Yet, as I have reported on recently, a shift is occurring. Call it what you will – I call it panic. Many Western Central bankers are trying to accumulate metals in stealthy ways, behind the scenes and unbeknownst to the masses, whom they wish to keep trapped in fiat money.
The two most recent examples of Western Central Banks moving into precious metals in a serious way are the Swiss and Norwegian Central Banks.
Both banks are being reported to have printed close to $1 billion dollars of fiat money as of recently. This should come as no shock to anyone, as this is all Central Banks know how to do – print money.
What is more stunning, however, is where they immediately moved these funds. You guessed it right – into precious metals.
They know that the physical precious metals market is limited, tight, and scarce. They also know that if they simply printed $1 billion worth of fiat money out of thin air and moved it into physical, then they would risk blowing the market apart, sending prices potentially catapulting higher.
Since they are not yet willing to face the wrath of the other Central Bankers around the world, they did the next best thing. They bought shares in the gold mines themselves.
Below, you will find two lists compiled by Smaulgold, which showcases the current gold mining stock holdings of both the Swiss and Norwegian Central Banks:
Please follow SGT Report on Twitter & help share the message.