The world has never been in a position like this before, where all global currencies are fiat and dependent upon central banker power. The push for a New World Order is inexorable, and make no mistake, the monied elites are fully in control, or almost so. We maintain this is why so many in the Precious Metals community have miscalculated the timing for when gold and silver would take off to the upside, collapsing the Fed’s fiat “dollar,” or as a result thereof.
Ukraine is truly the test where East meets West. It is the US-led coup that is a staging ground for an assault on Russia. Obama is leading the charge, once again, choosing the drums of war to get across the message that to challenge the supremacy of the “dollar” as the world’s reserve currency, [as the ATM machine used by the elites to pillage the world’s assets and remain in control], can have a serious outcome.
On the surface, it appears that the East is almost in control of most of the world’s supply of gold, while the West remains in control of gold’s pricing mechanism, doing whatever it takes to preserve the fiat “dollar” as the world’s reserve currency for international trade contracts. In addition to gaining control of physical gold, even setting up the Shanghai Gold Exchange, [SGE], as a more viable alternative to the literally “fixed’ pricing of paper gold by COMEX and LBMA, the East is providing an alternative trade outside of the “dollar,” and this has created a situation akin to the West as a dangerous cornered rat.
Russia has been coming back as an economic powerhouse ever since the central bankers, led by the US, crippled their currency that led to the dissolve of the USSR. China has become the 1,000 pound gorilla on the world’s economic stage. China was double-crossed by the US during the Clinton administration when the Chinese found out that all their gold that had been entrusted to the Federal Reserve had been sold out behind their backs. The central banking elites never anticipated its total control of the world’s financial system would one day be challenged, as it is now, by both China and Russia.
There is not much the US can do against China due to the high amount of Treasury bonds China owns. China could easily dump them on the world market and financially ruin the US, along with the rest of the Western world. The reason why China has not done so is because there is no alternative system that can readily replace the corrupt central bank control via Basil, World Bank, and the IMF. The BRICS nations are closer to setting up their own alternative banking system, but more time is required.
Gold and silver are likely to remain locked in their protracted bottoming phase, now in its third year. When will they break free of the central banker’s manipulative shackles? It seems more later than sooner, still. This outlook can change next week, next month, next year. All we can do is assess the present tense and deal with what is and not what anyone wants “is” to be.
All opinions and conjecture aside, the most accurate gauge for determining what is likely to occur in any market comes from information provided by the market itself. What the current activity shows for weekly gold is the absolute absence of any sign[s] of a turnaround.
Source GoldSilver Worlds
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