Gold and What Moves it.
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Final Pulse May Be A Stunning $8,000 For Gold & $500 Silver

Final Pulse May Be A Stunning $8,000 For Gold & $500 Silver | Gold and What Moves it. | Scoop.it
From kingworldnews.com - January 24, 3:05 PM

The following chart was put together exclusively for King World News by Kevin Wides, out of Switzerland.  Once again, this is a way for all King World News readers globally to take an important step back and look at the big picture in both gold and silver as we kickoff 2013.  These charts show the final pulse higher for gold may stretch to over $8,000, and over $500 for silver. 


“Value is relative as Bloomberg recently reported on the sale of a 1794 silver dollar, which may have fetched as much as $7 million.  Scarcity is the driving  factor for value, from rare coins, to fine wine, to a Picasso.  Various King World News guests have commented about shortages in the physical metals, and also that Western central banks have likely leased out most of  their gold.  

 

"This means there is the very real potential for an exponential price move in physical gold and silver.  The other side of this value perception is prices fall when there is excess supply, and fiat money is definitely in excess supply. ...


Hal's insight:

Clickl over for some great charts.

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This Is About To Rock The Financial World

This Is About To Rock The Financial World | Gold and What Moves it. | Scoop.it
From kingworldnews.com - January 10, 12:58 PM

Eric King:  “Kevin, I know you’ve been communicating with many of the sovereign wealth funds overseas.  What are you hearing from them?”

 

Sprott Inc. President Bambrough:  “The burning question that I always have, I’m amazed at their ongoing willingness to continue to accumulate, and hold, such large amounts of US denominated bonds.  It’s been my view that they are basically playing a Ponzi scheme.

 

I’ve had that confirmed when I’ve had long discussions with different sovereign wealth funds and different government agencies around the world.  They’ve been willing to play this game, but more and more now, as their domestic economies have grown and the US portion of their exports becomes smaller, and with the amount of T-Bills that they have (already) accumulated, I believe they’ve reached the boiling point where they are really going to be unwilling to grow their reserves (of US Treasuries).

 

Just the process of not growing their reserves is going to be very disruptive.  If they are not willing to accumulate more T-Bills, this is going to force the trade deficit closed.  I think that is really going to rock the financial world at some point in the near future.

Hal's insight:

click over for the rest of the King World News. I've been wondering about this for some time mysefl, musing that once this begins to pick up steam around the globe that the fear will break out in DC. Pretty much because the emperor will be shown to have no clothes.

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