Skip to content

Gold and Silver: Fundamentals Do Not Matter

gold silver metalsMichael Noonan: If fundamentals mattered, gold and silver prices would be substantially higher. They are not, and for a reason. It is not hard to define what factors are influencing price, for they are political, even criminal under normal circumstances. These factors are, in two words: central bankers. The money changers still have a stranglehold on the financial system, and nowhere it is more evident than in the price of gold.

Will it end? Yes, but as has been the biggest mystery, no one knows when?! While the golden grip continues, it is inexorably loosening. The United States, and by extension, the United Kingdom, is fast becoming more and more isolated. First, it was the natural opposition, Russia, China, morphing into the BRICS. Unable to sustain their no longer warranted arrogance, the Western alliances are now falling apart. Note the cover from Die Zeit, symbolic of the growing attitude of the rest of the world toward the US:

die zeit 2013 price


It was not enough to give the stiff arm to Germany when its representatives came to inspect its own gold, purportedly held in New York. “Nein, nein, Sie konnen nicht es sehen.” “You cannot see it, but not to worry, we will deliver half your gold in seven years,” the Germans were told,

Article source: http://etfdailynews.com/2013/11/03/gold-and-silver-fundamentals-do-not-matter/

Post a Comment

You must be logged in to post a comment.