No, I do not think so.
They are holding the price of PM's down with the paper derivative, whilst accumulating physical.
I think cryptos are also used as a diversion from PM's whilst they accumulate.
The IMF / BIS made gold a tier one asset in 2018. Why?
The world is going to change a lot in the next couple of years. They cant keep the disaster from happening, only to try to attempt control.
I think silver is good initially, until ratio to gold goes to 30 - 40 to 1 with gold. At that point I would go all in on gold; physical and aussie miners.
Ann: Major Drilling Program underway at Austin Gold Project, page-9
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Mkt cap ! $7.945M | |||
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