Monthly Archives: June 2016

European Central Bank Secretly Buying Gold with Euros it Prints

 

european bank buying gold

ECB Secretly Buying Gold with Euros it Prints

The European Central Bank (ECB) is secretly buying gold with the Euros it prints. It is quite simply the only possible explanation for the shockingly strong 17 1/2 year correlation between the ECB’s total balance sheet assets and theprice of gold in Euros, which has now reached 96.6%. The mainstream media has totally ignored this topic and you will not see it discussed anywhere else but on NIA.

With the ECB recently deciding to increase its monthly asset purchases to €80 billion, the ECB’s balance sheet willincrease by an additional 23.2% over the next 9 months from its current record high of €3.11 trillion. This means gold is likely to rise to 23.5% above its previous record high priced in Euros of €1,385 and reach €1,710, which would equal anew record high in U.S. Dollars of $1,900 by March 2017.

European bank buying gold

This post has been shared from http://inflation.us/ecb-secretly-buying-gold-with-euros-it-prints/

Money Has Gone

The Money Has Gone Even in South Park
We all know that more and more people are losing money every day with negative interest rates and inflation. This is having a serious effect on many family finances and pushing thousands into dire circumstances. South Park writers have even brought this to the fore in this video clip from the South Park episode Margaritaville; season 13 episode 3.

Published on Apr 20, 2013  www.southparkstudios.com