- Rule – More Evidence Of A Massive Run On Physical Gold!
Today one of the wealthiest people in the financial world told King World News what he is doing right now with his own personal money in the aftermath of the gold and silver smash. Rick Rule, who is business partners with billionaire Eric Sprott and the CEO of Sprott USA, also sent KWN a fascinating note from Hong Kong regarding massive physical gold buying from the public.
“I’ve been taking this opportunity to stock up on some yellow metal. Went to Hang Seng bullion counter yesterday. The line was out the door. It took an hour wait to see a teller. When I asked if people were buying in the dip or selling in panic, she told me that they haven’t had one ounce of gold sold back to them all day. She told me they have sold more gold in 24 hrs than they normally do in 3 months. Yes, there was a lot of extra security. The guy in front of me bought over $1 million in gold. He paid in cash and walked out of the door with the (gold) bullion in a nike bag. Amazing.”