Is Gold The Biggest Fraud In History?
Gold Market Facts
The total amount of gold in the world spans about $8 Trillion USD at present. However, some claim that the amount of existing gold is actually 80% less than what the holders claim exists, which means that it is being traded as 4 shares of imaginary gold to every 1 real ounce of gold.
In effect, the Bullion houses are currently selling gold that does not exist. For 2 decades Morgan Stanley sold off paper shares of metals and charged clients for storage fees, but then would not make delivery when their clients demanded.
Since more gold is being sold than actually exists, it could have dire consequences. Since 4 people can own the same ounce of gold at the same time, none of the investment houses could ever actually deliver on that claim and would cause the companies to go bankrupt.
Presently the world’s currencies are not pegged to gold, that all stopped in 1971. Right now the currencies of the world are pegged to the US Dollar, which Nixon took off the gold standard during his Presidency. It is also believed that gold prices are rigged on the London Gold Fix, created by the Rothschild banking family 100 years ago.
China has officially claimed less than half of what it has supposedly purchased, no doubt attempting to buy as much gold as possible at the lowest possible price while covering up the true value of their holdings for the potential economic and monetary reset that many economists see as inevitable. This is why we strongly urge our readers to convert a portion of their traditional investments into a gold IRA.
He who holds the gold makes the rules. The Western world has reduced its gold and silver purchases as China and India have increased in recent years. It looks like the Western banking cartel is going to run the US dollar into the ground before they allow gold and silver to show its true value relative to the world’s reserve currency.
But once the avalanche starts, there may be no stopping it as Bill Holter and Lynnette Zang have stated recently. No one can predict the exact moment it will occur but people will wake up one day and recognize that 50% of the wealth, prosperity, purchasing power, and standard of living are gone.
By then it’s too late.