Showing posts with label Peter Shciff. Show all posts
Showing posts with label Peter Shciff. Show all posts

Saturday, March 08, 2014

Peter Schiff and GATA's Bill Murthy: The Real Value of Gold TNR.v MUX GDX GLD RGLD NG.to ABX


  It is time to listen and remind ourselves about the real value of Gold and what is coming next with all geopolitical games unfolding at the crucial levels for US Dollar and Gold markets. China is the major subject of conversation here again and Russia is already talking about the asymmetrical retaliation to the imposed by the West sanctions around the Ukraine situation. Gold manipulation can not go forever with China buying the record amount of Gold officially and who knows what are the real numbers in its state-level military plan to accumulate Gold for the De-Dollarisation reset?
  Peter Schiff's question about China buying more Gold companies could be answered very soon if the rumours about CITIC being involved in talks with Barrick Gold about Pascua Lama will be confirmed. This huge mine is located on the border of Argentina and Chile, it is in the very advance development stage and China  will be just the right partner for Barrick over there.
  China has mastered "The Art Of War" to the perfection in its long-term strategic plans to secure the critical materials and metals. China's control of the crucial REE market for the high end technological applications is well known already and its participation in establishing of the world class Lithium Industry and accumulation Lithium assets around the world deserves the attention of the market as well.