In this intriguing interview, Darryl and Brian Panes from As Good As Gold Australia talk with Advisor, David Morgan who shares his views on why gold will go much higher with or without Basel 3.
As Good As Gold Australia are now open for business in the United States and Canada.
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We are starting to see raging inflation, but the FED says, "this is a transitory phenomenon" (meaning brief or temporary). The Bank of America however, disagrees, and suggests that we have four years of high inflation ahead of us. How can their views be so varied?
You guess who's got it right.
Central Banks are buying gold at a frenzied rate. Russia has purchased 380 tonnes of gold this year to date - that's more than their full annual mining capacity. Do they know something that we don't?
They are currently scrambling to purchase all they can get.
The World Gold Council confirms that Central Banks are increasing their purchases by 43%, but less than 1% of the population own gold. That needs to change as the FIAT fiasco hits the fire pit of destiny - you'll need gold.
#Gold #Inflation #FederalReserve #BankOfAmerica #CentralBanks #Basel #QE
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