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- Dec 16, 2008
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Gold shot up Friday before being capped off before the $1400 mark. This is a continued trend, as we saw the day before, gold also came down as it approached the $1400 mark. Since the value of all our paper assets is threatened by a rising gold price, the central bankers must continuously suppress the gold price. However, when speculators who measure the inventory of gold realize there is an over abundance of paper assets, and very little physical gold floating around, they begin to attack the big bank's short position, which eventually creates an economic restart of the system. With rising world panic in global financial markets, primarily due to US intervention in Syria, things are not shaping up for the global real estate market, in particular, Vancouver.