The Bullion Banks Are Still Massively Short of Physical Gold by Egon von Greyerz: "It’s important for investors to understand, and especially holders of gold and silver, that there are now several different factors which will propel gold and silver to much higher levels. As you know, I’ve said that within the next year we will see levels that will be a lot higher than the $1,900 mark we saw in 2011.
I see shortages everywhere, and I see real problems in the market with the bullion banks still under pressure. I am hearing that they (bullion banks) are under real pressure, and this is why we will see incredible upward moves (for gold and silver) starting in September."
'via Blog this'
