“Gold Update” – Gold Goliath

Posted on :Aug 12, 2014

Gold last reported is $1318.00 up $8.50 and silver is $20.13 up 4 cents.

For many weeks sellers have been cautious of geopolitical events and what direction we may be heading. Despite repeated attempts  since April 2011 by the Fed and it’s bullion bankers they have been unable to force gold back to the mid $1200.00’s.

Nations especially Russia and China continue stock piling gold as they position themselves to displace the dollar. It’s not a matter of if but when the dollar will lose reserve currency status.

Washington sanctions against Russia are only harming our allies, not Russia. If The U.S. persists in creating sanctions Europe will have no choice but to side with Russia.

Our “paid” allies do not want war because they know they will bare the brunt of destruction.

Gold Goliath is not your typical gold dealer.

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