Hungary Becomes the Next European Country to Repatriate Its Gold – Is This a Warning?

Hungary’s Gold Repatriation Further Destabilize the US Dollar

 
This follows several other European countries choosing to take delivery of their gold to avoid the current fraud that exists in the petro dollar and the London Gold Fix. As we have already established on this website, paper certificates of gold are sold 4x what exists as their underlying asset- physical gold. Therefore, logically you would not want to be the last one to the party to reclaim the gold that the bullion banks have been holding and claims exists.

This comes on the heels of Treasury Secretary Mnuchin in the United States peeking into the famous Ft Knox gold reserves of the nation, while giving the thumbs up suspiciously to reassure the rest of the world that all is well and ok. So far Germany, the Netherlands, and Russia have all made good on the delivery of their gold so that they will have “gold you can hold” as the Western fiat and debt based economic and monetary systems dwindle, and the US stock market sees new lows as the dead cat bounces past its 9 lives all the way down in a worse repeat of 2008.

The London Gold Fix Cannot Last Forever

 
It’s interesting to note that the Hungarian central bank is choosing to collect its stored gold from the Bank of England where there is not enough physical gold to meet demand in the event everyone who owned paper gold demanded delivery.

While Hungary does not have a lot of gold, this is starting to turn into a trend for countries to be on the right side of the next economic reset. Hungary has become a thorn in the EU’s side as it has chosen to go its own path in how it enforces immigration and bucking the EU-required amount of “refugees” mostly from the middle east. Maybe this is Hungary’s way of striking back against the New World Order and a way to secure its future outside of the paper money system.

It’s no surprise Hungary sees the writing on the wall and has made a move to retrieve its gold.

Precious Metals Could See Another Bull Run Soon

 
Considering how long gold and silver have hovered at their current support levels for the last 3 years without losing much of their gains, we believe that metals are simply waiting for their breakout moment to continue their upward trajectory starting back in the 1970’s when the US dollar was removed from the gold standard.

Once you decide to have gold protecting your retirement account, you’ll sleep better at night knowing you did something to protect your future in the midst of insolvent countries, pension funds, and government issued paper currency.

gold retirement account

Is Gold The Biggest Case of Fraud In History?

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.

gold ira review