Gold cartel is finally losing control.
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This enlightening discussion between James Turk (GoldMoney) and John Embry (Sprott Asset Management) touches on various significant developments in the gold market in recent past. They talked about the S&P downgrade, QE to infinity, hyperinflation, Jim Sinclair’s $1764 inflection point and looking at the value of gold rather than its price.
They concluded that by looking at the past & present central banks’ role and dynamics of Asian demand, physical gold is now taking the lead in price discovery instead of paper gold.
The Gold cartel is losing control and the era of the tail wagging the dog may soon be over!
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More Charts: 1-Month, 1-Year, 5-Year, 10-Year
