Thursday, March 26, 2020

Monday, March 23, 2020

The Biggest Thing Since 1776 is Happening NOW… How the Coronavirus Will Spark the Greater Depression

BREAKING: Egon von Greyerz Just Warned Swiss Refiners Have Halted Gold 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.