“Gold Update” – Gold Goliath

Posted on :Aug 13, 2014

Gold last reported is $1312.50 up $2.90 and silver is $19.94 up 4 cents.

Weak economic reporting and global turmoil are luring speculators and investors into metals but they remain wary of the constant manipulation in gold and silver futures markets.

Surprisingly but not really, the dollar index is strengthening near a six month high. Can the dollar be strengthened? Not as long as we have a fiat currency.

The dollar is well on it’s way to losing reserve currency status and nothing Washington or the Fed can do will change this. There are approximately 9 trillion liquid dollar assets floating around in foreign markets. At any time should the BRICS countries and their growing list of new friends decide to dump U.S. debt, our system would collapse.

Will Washington and its banker boss allow the system to implode without fighting world war? History say’s no.

Power corrupts and absolute power corrupts absolutely. Discourse and total lack of trust in our government is creating a storm that eventually will come to a head. King George must be dethroned if America is ever going to change course for a positive direction.

Gold Goliath is not your typical gold dealer.

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