Boom! End Game Nears as Central Banks Buying Up Gold Mining Companies!
- Boom! End Game Nears as Central Banks Buying Up Gold Mining Companies!
by When you watch mainstream media or listen to central bankers, gold is constantly deemed to be the redheaded stepchild of the investment industry.
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Just that alone, is unbelievable, considering that gold has been one of the best performing investments of the 21st century. On December 31st, 1999, gold closed at $290.25. As of today it is trading at $1327.80.
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That is a percentage gain in the last 16 years of 357%! Compare that to the Dow Jones, which closed the 20th century at 11497 and currently is at 18085 for a gain of only 57.3%.
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If there is a business sector or financial asset class that has outperformed gold in the last 16 years, I can’t think of one. Yet, aside from your crazy neighbor with a bomb shelter or those who read The Dollar Vigilante, how many people do you know who understand the necessity for owning gold and have actually acted on that knowledge?
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Meanwhile, central banksters like Alan Greenspan call gold a “barbarous relic,” and Ben Bernanke has opined that gold is not money and the only reason central banks hold it is because of “long-term tradition. ”
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And so, it was with great interest, shock actually, that I came across this headline, “Switzerland and Norway Begin to Massively Accumulate Precious Metals Mining Shares“.
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It outlines how the central banks of both Norway and Switzerland have been buying up nearly $1 billion worth of gold mining stocks. Well, isn’t that interesting! The moves of these banks are noteworthy not for their strategies, but because they are indicative of the perilous state of the world’s financial and monetary systems.
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Central banks have sold gold regularly over the years, probably as part of a larger propaganda campaign to convince the public that gold and silver don’t matter anymore. (And there’s another reason I will get to in a moment.)
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If central banks are starting to become so worried about the state of the world economy that they are willing to reverse an obvious manipulative meme, that’s something to take quite seriously.
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For central banks to buy gold in 2016 is akin to what we have often called a Jubilee Jolt – a surprise move that emphasizes the seriousness of the crisis that is now upon us.
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