Massive Flight Of Physical Gold & Silver Out Of West Continues

"On the heels of continued volatility in global markets, today one of the legends in the business spoke with King World News about the ongoing war in the gold and silver markets, and the fact that Western central planners are becoming increasingly desperate.  Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about the continued massive flight of gold and silver out of the West. 

Below is what Barron had to say in his powerful interview.

Barron:  “Despite some pullbacks, overall both the gold and silver markets have been moving up quite nicely.  All of your guests on KWN predicted this would happen because we knew the precious metals markets were deeply oversold.  We also knew the cost to buy both gold and silver had declined below the median cost of production. 

You can never have this situation going on for very long (metal below cost of production) because it puts the producers out of business.  But what we have really seen over the last couple of months is a massive amount of physical gold moving out of the COMEX and LBMA systems, out of the ETFs, and this gold has migrated to the strong hands in the East...."

 

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/29_Massive_Flight_Of_Physical_Gold_%26_Silver_Out_Of_West_Continues.html