- Premiums Soaring As Massive Run On Gold & Silver Continues!
Today a legend in the business told King World News there is a continued massive run on physical gold and silver as premiums in Shanghai have now soared to a stunning level (see below) for physical gold. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about extraordinary situations unfolding at gold, silver, and art auctions in New York and Zurich, and what this means for investors. Below is what Barron had to say in this remarkable interview.
“This is very symptomatic of what’s going on. We see a lot of manipulation taking place in the gold and silver markets, but the big money is going for portable wealth, and they are doing that in the form of buying hard assets. They are getting it out of dollars and other paper currencies, and they are putting it into tangibles, especially portable wealth.
What you are seeing in the gold and silver markets right now is preposterous. We’ve seen the gold market smashed below $1,400 once again, and yet the premiums in Shanghai for physical gold will cost you $50 over the spot price. It will cost you even more if you want physical gold in Vietnam right now.