Central Banks and GOLD

Many central banks all around the world own gold. In fact, since the late 90s, central banks around the world have been net buyers of gold.

That wasn’t true before that. Coincidentally, that is also when the gold price bottomed ended that long bear market and began a massive, epic bull-market leading into a bubble in the late 2000s.

Central Banks and GOLD

gold bars

But the question comes up why are central banks buying gold? Because we know that they are printing paper money and telling everybody to use their paper money. But on the other hand, they are using that paper money to buy gold for themselves. So, what are they planning on doing with all this gold that they’re buying? And could gold revaluation be a part of this long-term plan?

Do you really think that the price of gold could be re-evaluated at some astronomical price? Well, if you do think that gold can have some overnight huge spike in price because of some Central bank’s intervention or agreement on a set price, you might want to think about this . . .

IF gold went to let’s say 20,000 Oz., society would crumble as we know it. OK I saw a thing about the Klondike gold rush and in a short time 100,000 people went to Alaska. Also, in the California Gold Rush, the rapid influx of fortune seekers in California that began after gold was found at Sutter’s Mill in early 1848 and reached its peak in 1852. According to some estimates, more than 300,000 people came to the territory during the Gold Rush.

Well in today’s world of a choice of flipping burgers for $15 hour or finding 1 Oz of gold, well society would crumble. Crime would be off the charts. Millions would flock to gold bearing areas in all parts of the world.

Central Banks and GOLD

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Unique holiday mineral collection gift or a good way to start your own mineral collection.

See actual photos below.

This collection consists of 4 all natural, randomly selected, minerals.

#1. 4 oz of gold pay-dirt from the little San Domingo Wash in Arizona.

#2. Brilliant sparkling pyrite nugget ranging from approximately 15 G to 37 G.

#3. Copper nuggets, some with Matrix, ranging from approximately 3 G to 51 G.

#4. 100% natural pyrite crystal cube in its matrix! These are super shiny specimens with bright silver-gold color from Navajun, La Rioja, Spain.

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