Gold ETF's Suffer MASSIVE Sell-Offs - PHYSICAL GOLD "You have to Dig it up!"

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GOLD -You can't print this stuff out of thin air

This is GOOD news for gold…not bad news. Let me explain:

As I’ve mentioned in some of my recent posts, many very large investors are getting out of their paper contract gold positions. Yesterday saw one of the biggest days for ETF gold sell offs in a very long time. That tells me that they are not fleeing because they think the price of gold is going to crash or go much lower. It tells me they are finally getting out OUT OF PAPER. All the data suggests that gold is ready to skyrocket along with silver. The physical metals are the key to savings and real value. The global fiat markets are sitting on the precipice of collapse and many traders know this…even though it’s hush, hush. No one dare speak of such a thing  out loud on the market floor, but be assured meetings behind closed doors are happening in a panic these days. Portfolio managers, large investors, central banks and all the BIG PLAYERS are exiting their GLD and SLV paper precious metals positions. That has been the driving factor of lower gold and silver prices lately. As they sell the paper, the prices go down. This is the disconnect between the real price of physical gold and silver and the fake price of paper positions in these metals. It’s all f’d up right now but the correction we’ve been waiting for is now happening.

Don’t be disappointed with these price drops in paper metals. Be doubly happy as you can pick up more physicals at these low prices, as the real price of physical metals is slowly working its way back into the markets.

The rigged inflation numbers for Canada came out in the news this morning at 2.6% and rising. Don’t be fooled. Inflation is much, much higher as is reported by the real numbers on zero hedge. THEY ARE PRINTING AND CREATING DIGITAL CURRENCY AT BREAKNECK SPEED! This is all they have left to do...print, print, print.

I laugh at the market pundits talking about company profits, great balance sheets and dividends…all the while saying they don’t look at geopolitical events or care about the European debt crisis, or even that central banks are ‘easing’…basically creating hoards of currency out of thin air. Have these guys ever read about history? Do they understand money at all? Do they understand inflation? The New York traders have their heads so deep in the sand they can see China. No matter how good some businesses are doing during this global inflationary period or how solid some of their balance sheets are… IT’S THE CURRENCY STUPID! Maybe it’s because I’m sitting outside the box and looking in, because a little research will show that fiat in these circumstances is doomed. If the money fails, businesses will lose all of their paper value. All they’ll have left is their real assets like buildings and supplies to value…their paper will re-value and a massive correction will take place. This could happen overnight evaporating billions and trillions of paper dollar value.

US gold certificate (1922) (Photo credit: Wikipedia)

Wow…I can’t believe how most of these Harvard grads and so-called professional economists turn a blind eye to the reality of inflationary pressures on fiat currency systems. Germany knows it very well as they been through hyperinflation…that’s why they hold the second the largest hoard of physical gold in the world beside the United States (If the US still even holds all of this gold…they guard Fort Knox but there is speculation the US traded some or all of the gold a long time ago…they would never disclose this as it would mean the US is TRULY broke). Germany is a sleeping giant of wealth in the world and does not like being included in the Euro. They’ve been on the fence about it since it was adopted. I wouldn’t be surprised if you see them exit the Euro soon as Europe gets further and further into the red. They won’t want the blood on their hands or have to bail out the rest of them in the union by throwing their real gold at fake debt. They won’t do it. If they exited the Euro, this would be a death-blow to the global fiat currency system as we know. Germany’s fiat in Euro’s would switch to real value in physical gold. Bye, bye central banks. That would the be perfect way to play their cards in this situation. Currency Wars are afoot my friends…they have been for quite some time.

Central banking needs to be abolished and a new metals standard needs to created. The more they inflate and increase debt levels, the harder the fall will be when it comes…not if it comes…when it comes. It will come. It is a mathematical certainty. This talk of a global economic recovery in this current system is a pipe dream. Here we have Obama touting a ‘World Bank’ pushing the New World Order along:

http://video.cnbc.com/gallery/?video=3000080250

Bottom line is don’t follow the paper. Hold onto your physical gold and silver (I like silver much better for many reasons). As a matter of fact, if you have the capability, buy more now at these low prices. Years down the road you will be very, very happy that you did. If not you’ll kick yourself in the ass for not doing it. Don’t watch the metals prices daily and don’t stress yourself out. Remember these prices you see on TV or the stock market are based on fiat…compared to paper dollars that are 90% devalued since their inception. Prices in the current are manipulated and based on fake paper currencies. The price doesn’t matter unless you plan to sell some for a purchase of something else you need in your life. Then you would try to time it during an uptick in the fiat price of the metal you need to sell.

Inflation & Gold (Photo credit: Paolo Camera)

Stay long in precious metals…especially silver and you won’t be sorry later on. If you accumulate enough of it at these low prices, and then play your cards right when the time comes, you may even be considered to be in the ultra rich class once the new currency system is created and a new metals standard is adopted.

http://www.zerohedge.com/news/sprotts-john-embry%E2%80%9C-current-financial-system-will-be-totally-destroyed%E2%80%9C

Regards, Frank

GOLD - You have to dig it up!

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