Western powers were able to set the gold price by the paper contracts on the COMEX. That is now over. During the artificially maintained bear market in commodities, a lot of contracts and derivatives were used to keep gold prices low. Central banks feasted on the cheap gold and so did the Chinese and the Indians.
Capital is now moving to the East as they trade precious metals for real. No phony paper contracts.
Friday, March 4, 2016
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