Financial Survival Network, Released on 9/25/20
According to Rob Kirby, this raid like all the others is being orchestrated by the desperate monetary authorities to try to make the dollar look pretty. Unfortunately, there’s not enough lipstick in the world to keep the fraud going. Physical metal is in short supply and demand is off the charts. This will only serve to hasten the demise of the dollar, who’s time is shorter than ever. Rob is of the opinion that it doesn’t matter how long it takes. It gives you more time to prepare for the inevitable. There’s nothing that can be done. The Comex has doubled the number of suppliers of product to deliver physical metal against their contract. Just wait a while and you’ll see no availability of metal at any fiat price.
Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc., another inter dealer bond brokerage in Toronto – and left the industry in 1996. He started writing in 1997, and was involved in a number of entrepreneurial pursuits from marketing Buffalo meat to a part time stint in the giftware business. In 2002, he went to work for Investor’s Group, the largest Mutual Fund Company in Canada. He worked there up until September ’04 when he resigned to write about the markets – and his book – from a “gold bug’s” point of view. His website is called Kirby Analytics.
“What Exactly Is Going On Here?”
This is all too easy to answer. What is going on is this. The LBMA is out of gold and worse yet they probably sold tens of thousands (hundreds of thousands?) of tons of gold that doesn’t exist, so they are in very deep in the hole. They are smashing the market with gold that hasn’t been mined yet (far into the future delivery) and they are betting on something major – force majeure – to “bail” them out. Like all good criminals, they have no intention of paying anything back. Likely, they will get the governments to take the blame, and they will print shiploads of paper to cover over the fraud. Sorry suckers… for those that trade on emotion, you will have got taken to the cleaners like never before…