Gold prices are up in early a.m. trading Friday hitting a six week high. Gold last reported p.m. is $1156.00 and silver is holding firm at$15.87
The Bank for International Settlements, another Fed organized banking institution set up after the second world war, said in its quarterly report the turmoil that has shaken global stock markets in recent weeks showed how developed and emerging markets were exposed to the unwinding of financial vulnerabilities built up since the 2008 crisis.
The BIS said, the sell-offs rocking equity markets reflect the “release of pressure” accumulated along “major fault lines”, as it warned investors they should not expect central banks to be able to ride to the rescue and solve such deep-rooted problems. In laymen’s terms, we created a catastrophic nightmare with QE and now it’s time to pay the piper.
The BIS further warned that, “recent turmoil in global markets was not caused by isolated incidents but rather “the release of pressure that has gradually accumulated over the years along major fault lines”.
Meanwhile, our own Fed continues down the road of delusion espousing that the U.S. economy is actually getting stronger. Saying it’s so doesn’t make it happen and the world’s most powerful central bank knows it painted itself into a corner with no hope of escape.
We don’t have to be victimized by central bankers running market schemes designed to liquidate working class assets. We can own insurance in the form of physical gold and silver. Both metals are also available for your IRA. Give us a call to begin the process of protecting your assets while they remain, your assets. 1-800-577-3195 Ext. 1.
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