kingworldnews.com
In
the wake of the stunning Brexit outcome in Britain there is trouble at
the Comex as the price of gold surges and the global financial system is
now on the brink. This is why emergency central bank intervention is taking place.
Victor
Sperandeo has been in the business 45 years, and has worked with famous
individuals such as Leon Cooperman and George Soros. Below is what
Sperandeo had to say in the aftermath of the Brexit shocker.
Victor Sperandeo: “Right
now I would be a buyer of the FTSE and a buyer of the British pound. I
would also stay long gold at this point. I have 85 percent of my
pension fund long gold and I would be a buyer on any dips.
What’s more important is that there is virtually no gold at the Comex. If
the longs ask for delivery and they can’t deliver, then there will be a
force majeure. Meaning, they will settle for cash and that will send
the price of gold much, much higher.
And
now we will see more European countries doing their own version of
Brexit and the real problem is that the central banks of the world are
out of ammunition. This is the beginning of the end of the EU. This
puts the world financial system in a precarious position to say the
least and it’s the reason why central banks are desperately intervening
in global markets.”
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