Saturday, March 28, 2020
Thursday, March 26, 2020
Monday, March 23, 2020
BREAKING: Egon von Greyerz Just Warned Swiss Refiners Have Halted Gold Production!
https://kingworldnews.com/breaking-egon-von-greyerz-just-warned-swiss-gold-refiners-have-ceased-production/
We must remember that 70% of all gold bars are produced in Switzerland and that the 3 biggest refiners are in Ticino where the local government has ordered non-essential factories to close.
The likely outcome of gold production stopping should be a much higher gold price on Monday. But we obviously don’t know if the BIS and the bullion banks will hit the gold market with $ billions of paper gold. Whatever they do in the short run, the market will soon discover that all this paper gold is worthless.
The gold mining stocks are also likely to suffer until the situation is clarified since they have lost their biggest buyers.
Please remember that the principal reason to hold physical metals is for insurance and wealth preservation.
Labels:
Egon von Greyerz,
gold production,
halted,
Swiss Refiners
Friday, March 13, 2020
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