Dutch Central Bank: “If The Entire System Collapses, Gold Will Be Needed To Start Over”
In this very interesting article, the Dutch Central Bank has shocked many with the following claim:
“Gold is… the trust anchor for the financial system. If the whole system collapses, the gold stock provides a collateral to start over….”
Why this sudden admission of what goldbugs have been saying for years? Does it have to do with the fact “the bank announced it would soon be moving a large part of its gold reserves to the new DNB Cash Center at military premises in Zeist?” Is the Netherlands preparing for the grand reset? Find out:
Now Presents a Very Opportunistic Entry Area For Precious Metal Investment
Positive sentiment around the US/China trade negotiations promoted a strong upside move in US major indexes and the stock market. In response, the precious metals fell.
What does this mean for the metals? Right now is another great opportunity to get into gold and silver before it soars!
“We can’t stress the importance of this critical $1500 price level in Gold as a key level for all traders to watch. It has continued to provide key support for Gold since the price rally that initiated in late April 2019. We believe this level will act as a relatively strong price “floor” going forward and any price activity below $1500 could represent a very opportunistic entry area for skilled traders.”
Greyerz – Why Demand In The Physical Market Is Not Going Up & The Next Move in Gold Is Imminent
I am absolutely certain that the gold these ETFs claim to possess is double counted gold because ETFs are not obligated to hold physical gold. But they have a piece of paper saying they can have physical delivered anytime, and that’s enough for them according to their rules. They don’t actually have to possess physical gold according to their own rules. That’s why demand in the physical market is not going up….
Regardless (of the paper shenanigans), we are poised for the next move higher and I think it’s imminent. This is a move that will take gold to $1,600-$1,700 pretty quickly. That will happen, in my view, in the next month or two.”
Graddhy: The Perfect Gold Storm Is Coming
This week, Graddhy issued a ‘staggering $10,000 price target.’
