Gold, silver about to surge higher as portfolio insurance need grows

King World News/Andrew Maguire

“All of the FED’s tools are failing to halt a race to buy physical gold as insurance.  And there is only one source of no counterparty risk insurance that can hedge against a meltdown and preserve capital, and that is physical gold and silver. This insurance is now so artificially depressed that natural forces alone will cause the price of gold to rise rapidly…” – Andrew Maguire, London metals’ trader and analyst

USAGOLD note:  A sentiment with which we happen to agree …

Repost from 5-5-2019

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