Mburns and His Minions Nightmare Bye-Bye Shorties
posted on
Feb 07, 2015 04:18AM
(excerpt)
There is no refuge, including the U.S. dollar. Eric, this is why we have continued central bank buying of gold, led by the Russians. My sense is that the available physical gold has already been absorbed by the East. Because available supplies have largely been exhausted, the only available gold in the future will have to come from mining companies.
We just saw two acquisitions, one of them by GoldCorp, for $120+ dollars an ounce because the only available gold supply in the future is going to come from the mining companies. On one of these acquisitions the company didn’t even have a feasibility study available. This tells me that the industry is desperately in a quest for ounces in the ground and that’s why they are paying these prices.
http://kingworldnews.com/man-asked-speak-chinese-officials-warns-world-witnessing-final-desperate-moves-west/