Afternoon everyone …..
I got a call from my buddy Roger last night. He’s a big time investment guy. He was called into a meeting yesterday because China and Russia are trying to secretly buy tonnes of gold on the black market.
They are purposely driving down gold prices to buy up large quantities as cheap as possible. His boss was informed by whoever is obviously in the know, that they are both looking to add 100 tonnes of gold without reporting it.
How exactly this is done is beyond my comprehension, but if there’s a will there’s a way. They project because it’s being done through the black market it will take weeks if not months to happen.
So what does this mean….
Cheap gold and silver for a while.
Silver is just collateral damage as the target is the gold price. Countries are doing what they can to try and combat this.
He’s going to try and dig up some some more information for me. I’m going to talk to him Saturday.
