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
YK
- Forums
- IPOs
- 8AU IPO
8AU IPO, page-20
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O’Donovan, Executive Director
Gerard O’Donovan
Executive Director
SPONSORED BY The Market Online