“Gold Update” – Gold Goliath

Posted on :Jul 30, 2014

Gold last reported is $1294.95 down $4.70 and silver is $20.56 down one cent.

Central banks continue loading up on gold at these basement prices. Russia added 16.8 tons to its inventory in June amid escalating rhetoric from Washington over Crimea. Russia is the fifth largest holder of gold bullion in the world.

Both China and Russia  are moving ahead in their attempt to displace the dollar and gold is needed to ensure ruble and yuan credibility.

The Federal Reserve and its banker allies will not allow the dollar to lose reserve currency status without war.

Gold Goliath is not your typical gold dealer.

 

 

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