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Just heard on GB today that Soros is SELLING some number of tons of gold....
Next thing you know they’ll be opening some of their moribund mines.
Mexico may also want to repatriate some of their silver. Silver is now trading at $39.
Those who purchased at $49 last week are probably not having a restful evening.
It looks like silver is going to drop to $31 before the carnage abates.
Americans. This 90 tonnes of gold were purchased by money taken from you by Mexico’s illegal US invaders. EVERY cent beyond what they need for food, rent, etc. goes back to Mexico. Why do you think that Wells Fargo was able to purchase Wachovia - it sure as hell wasn’t good stock and asset management; they made an assload on wire transfers out of this country to Mexico. Just like drug dealers having to figure out how to make all their cash ‘clean’ - buy a legit business.
Well it’s now time to sell gold and silver. If ever there is a contrary indicator it is center banks. Buy when they sell and sell when they buy and you’ll make money. Just look at the last time there was a major central bank selling gold, the UK bank sold when gold was at $250/oz at the very bottom. Now we have central banks buying like crazy so this is probably the very top. Time to get out.
“It takes Mexico to 33rd place on the list of the world’s top gold holders.”
Hey! They’re right behind me! LOL! :)
Mexico bought 93.3 metric tons since January, adding to holdings of about 6.9 tons, according to International Monetary Fund data. Russia increased its reserves by 18.8 tons to 811.1 tons in March and Thailand expanded assets by 9.3 tons to 108.9 tons in the same month, the data show.
Mexico, Russia, Thailand Add $6 Billion of Gold to Reserves, IMF Data Show