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  • » Bullion Baron: Martin Armstrong - New Supply Could "Crush Gold"

#1 2015-07-30 09:16:31

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,294
Trades :   139 
Website

Bullion Baron: Martin Armstrong - New Supply Could "Crush Gold"

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I read Martin Armstrong's blog on a near daily basis (I have his site bookmarked in my Feedly reading list). Sometimes he has interesting predictions and theories to share, sometimes he adds some historical perspective, other times he pumps out some absolute garbage. Here is one example of the latter:

    "Well, when it rains it pours. A new discovery of gold has been made and the quantity expected is up to 46,000 tons of gold, whose market value is estimated to 298 billion US dollars if the market stays the same. The entire USA gold reserve is 8,000 tons. So we are talking about a sizable discovery in the Sudan. From a supply-demand perspective, this could crush gold." - Martin Armstrong

Armstrong's source? Sputnik News, the BuzzFeed of Russian propaganda. Here are some key points... Read More

CONTINUED: Martin Armstrong: New Supply Could "Crush Gold"

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The following user says thank you for this post: mmm....shiney!

#2 2015-07-30 09:18:52

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
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Re: Bullion Baron: Martin Armstrong - New Supply Could "Crush Gold"

Found it behind the cushions on the coach.


Catus amat piscem, sed non vult tingere plantas

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#3 2015-07-30 09:48:48

Altima
Silver Stacker
From: Canada/Singapore
Registered: 2013-02-07
Posts: 4,102
Trades :   64 

Re: Bullion Baron: Martin Armstrong - New Supply Could "Crush Gold"

Maybe they found a King Midas, or the goose that laid golden eggs!

NTg3MTc5NTM=_o_felix-the-cat-the-goose-that-laid-the-golden-egg.jpg


"Two things define you. Your patience when you have nothing, and your attitude when you have everything."
WTB:
WTS: 2010 1oz Silver New Zealand Fiji Takus (1st Year, Lowest Mintage)

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