This was posted by Frost on his LinkedIn over a year ago,...

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    This was posted by Frost on his LinkedIn over a year ago, regarding a post about "Gold potentially to reach $3,000 USD".


    "Davide. As one of the foundation members of the old Australian Bullion Company in 1960/ 70 I saw Gold go off the pegged price of 32 dollars Us per ounce . USA thought they could de value gold by dumping from reserves at Fort Knox . Monthly auctions . It created a feeding frenzy for Gold and therefore Silver. By the way it was illegal for an Individual in Australia to own bold bullion . Gold price went into a frenzy . Circumstances are now ready for other reasons to create such another frenzy . Not the least that compete ‘devaluation of the USD $$$. By printing Fiat currency. Lets see if I’m right . If so they will be melting your Grandfathers gold cufflinks . Nothing changes it just looks different. By the Remember when the A Gov sold our Gold in our reserves at the bottom . Oil war could start this as could Chinese dumping UsBonds or ??? Watch this space"


    "Watch this space", now to IPO a gold exploration company wink.png

    YK
 
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