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May 2, 2018 | Egyptian Billionaire puts some $2.85 billion into Au (Gold)!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

NEW DELHI: Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He’s put half of his $5.7 billion net worth into gold.

He said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while “overvalued” stock markets crash.

https://video.search.yahoo.com/search/video?p=egyptian+billionaire+invests+in+gold%2C+bloomberg#id=4&vid=3c282090b911b7a494e34e235337f34c&action=view

 

Comment: I am not surprised at this move. The man appears to be a believer in the supernatural and he may have motives which are apocalyptic at the core of his thinking.  We may hear more from this person in the coming days and weeks. He appears to be serious and I assume that his gold is physical gold. Anyway, this billionaire may start a trend by revealing his motives and views on Geo-political events and on why he views gold as a safe haven.

 

My sense is that we are at a turning point for the precious metals. The rigging and suppression of this market will become more difficult going forward. I think our policy makers at the highest levels will still keep buying ‘naked’ shorts to suppress the price. But all the suppression may get more difficult going forward. Watch the precious metals markets for signs that physical supply starts to dry up. If this should happen then my prior vision of a final day for gold/silver will prove accurate.

 

Our markets are changing rapidly and the days of increasing stock values may be over. It may be wise to think of buying a small supply of silver and gold coins for the coming events which prophecy says are coming. Reality is spiritual at the core. Money is spiritual at the core. People are spiritual at the core. The real war is inner and fear is what drives human behavior. Fear and greed (gold) could be the investment emotion going forward. Think for yourself! I am: https://kingdomecon.wordpress.com

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May 2nd, 2018

Posted In: Kingdom Economics

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