{"id":18124,"date":"2016-02-22T20:53:39","date_gmt":"2016-02-23T01:53:39","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18124"},"modified":"2016-02-22T20:54:02","modified_gmt":"2016-02-23T01:54:02","slug":"the-world-is-hoarding-gold-this-was-just-a-taste-of-whats-to-come","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18124","title":{"rendered":"The World Is Hoarding Gold: \u201cThis Was Just A Taste Of What\u2019s To Come\u201d"},"content":{"rendered":"

The World Is Hoarding Gold: \u201cThis Was Just A Taste Of What\u2019s To Come\u201d<\/a><\/h3>\n

Earlier this month, as retail investors lost confidence in the global economy and broader stock markets, an air of panic began to set in. Reports indicate the lines were literally\u00a0forming around the block<\/a><\/strong>\u00a0at gold stores throughout\u00a0London and elsewhere. It was, by all accounts, the very scenario one might expect in an environment where trust in government and central banks has been eroded.<\/p>\n

But it\u2019s only the beginning, explains\u00a0Auryn Resources<\/a>\u00a0<\/strong>executive chairman Ivan Bebek in an interview with\u00a0SGT Report<\/a>,\u00a0<\/strong>as nation states and large investors are trying to get their hands on gold as fast as they can:<\/p>\n

Before any big move in gold we have always seen extreme volatility or volatility pick up. This was just a taste of what\u2019s to come in the next few years\u2026 We\u2019ll look back at this and be reflecting on how minimal this move was compared to what\u2019s going to happen as we go forward\u2026<\/strong><\/p>\n

It\u2019s a smart money trend\u2026 they can see where their countries are going\u2026 where the world economy is going\u2026 it\u2019s surprising how late they are to the party\u2026 late to a very small door to get a bit of gold that\u2019s out there\u2026 it\u2019s going to be a remarkable reaction when that all comes to fruition.\u00a0They\u2019re just positioning themselves for what\u2019s to come<\/strong>\u00a0and that\u2019s what they have to do. And getting back into the gold trade, the gold business and hoarding gold\u2026 they\u2019re doing that because they see a very big gold market coming ahead like the rest of us.<\/p><\/blockquote>\n

Full Video Interview:<\/em><\/p>\n