I don't think it's a coincidence that gold has been upgraded to tier 1 asset in Basel iii taking effect next week, stock markets holding on and longest bull run in history, bonds just starting to crack, counties building up sovereign wealth with massive hoards of gold, JPM confessed to manipulating precious metals.
Why is gold being upgraded to tier 1?
What happened to gold during last recession GFC?
What happened to other markets?
It's being upgraded because with gold being tier 1 the banks will have the assets to back their debt and will help them from not going broke, because with everything else going down gold will be going up.
It's no coincidence ladies and gentlemen, gold will have its day sooner rather than later. The recession can begin next week as far as the bank and fed are concerned
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