GOLD 0.51% $1,391.7 gold futures


  1. 1,300 Posts.
    lightbulb Created with Sketch. 25
    A comment from a gold magazine editor.

    "Morgan owes various central banks a staggering amount of gold. Problem is the current yearly supply/demand deficit is running at 1400/1700 tonnes, yearly mine supply is only 2500 tonnes and going down, and the bullion banks already owe central banks around 14 to 15 thousand tonnes of gold. Morgan is trapped. They cannot cover their gold shorts without gold rising several hundreds dollars per ounce."

    can you imagine what this will do to the price of gold if true. Hands up who believes this story.

    I DO


watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.