My Dear Extended Family,
I have a huge number of emails all asking why $50,000 gold. The answer is that the bullion market is in the process of emancipation of the gold price from the fractional paper gold system. The actualization of the real price of gold will be its emancipation from the prison of paper gold. The emancipation will occur because there is no gold whatsoever behind the deluge of paper we have just witnessed.
The central banks have most of their gold under lease. That gold was leased by gold banks and then sold for cash. That cash has been dispersed.
There are no funds to re-buy the gold that the leases call for upon maturity. The central banks cannot lease out any more gold. The entire fractional gold paper scam sits upon gold leases that are exploding right now.
The attempt to hide reality by the can kick of pummeling the gold market with paper is going to fail miserably.
Every time you buy one gold coin you consume more physical. It is the physical market that is going to emancipate gold. Gold then will be free to react to not only the debt due to foreigners, but all debt.
Please take your time to watch the Canadian documentary on gold here on JSMineset.com. It exposes the fragility of the fractional paper gold system that is now burning down because leases cannot be repaid to central banks.
The real gold show is only starting. For a great deal of what the Free-Golders think, they are right.