Time to Convert Fiat Currencies to Gold – Part 2

GOLD-RUN: “THERE IS NOT ONE SINGLE OUNCE OF GOLD AVAILABLE FOR SALE IN BANGKOK!”

EVERY Gold-shop in Bangkok is out of Bullion…there is not 1 single ounce of gold bullion available for purchase in the entire city of Bangkok!  The Gold is going down in price like everyone is selling.. while there is no Phyzz to buy at all in all Thailand!

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ACUTE GOLD SHORTAGE REPORTED IN SOUTHERN INDIA

This week the highly reputable Business Standard of India reportedthere are “acute” shortages of gold in Southern India:

Major jewelery manufacturing centers in south India are facing acute shortage of gold ahead of the wedding season despite the industry’s claim to have seen a record import of the yellow metal last financial year.

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2 Responses to Time to Convert Fiat Currencies to Gold – Part 2

  1. Now, this is one report with which I am skeptical, to say the least. Having lived in Indochina for about 10 years, being a frequent visitor to Thailand and constantly in touch with Vietnam, I cannot for the for the life of me, believe this is true.

    • David says:

      I did not post the Bangkok report when I first read it due to being a first hand report by one individual with no credentials. I posted it after the second report was released concerning South India. While I believe that physical gold and silver are in short supply, the media is not covering this story or the manipulation of these markets. On the other hand, would you have believed that Bitcoin stock would have quadrupled so far this year? And that represents nothing as far as I know. I know the people in Asia are more educated concerning their personal finances so there may have been a run on gold due to the recent price drop. Which would also account for the price differential: gold was selling for $30/oz more in Asian markets than in Western markets.

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