Rob Kirby: Gold price now at 50% over spot

Rob Kirby

A few months ago, financial analyst Rob Kirby said the gold price was ready to go up. In the international market, where it is sold by the ton - it has. Kirby explains,

"For large amounts of bullion in the Asian market, the pricing mechanism has completely and utterly divorced itself from the fraudulent paper prices that are being reflected in the exchanges in the Western world.

In the Asian market, if you could find . . . physical bullion . . . as cheap as spot plus 50%, you'd be doing really, really, really well . . . and you'd be hard pressed to find serious tonnage at that price in Asia."

Kirby, who specializes in acquiring large amounts of physical gold for clients, sees physical gold bullion selling for at least "50%" over spot, which would put the price of gold in Asia at least $1,800 per ounce. Kirby also says,

"Prices being paid right now in Asia make a mockery of the prices being shown in COMEX and the LBMA (London Bullion Market Association). These paper markets have divorced themselves from the laws of economics. The paper gold price and the paper silver price has utterly stood economics on its ear because rudimentary economics tells you as demand increases, prices are supposed to increase. Simple supply and demand dictate this. The precious metals market in the Western world is the only market in the world where increased demand means a lower price, if you want to believe that."

Kirby contends fraud is the only way to explain skyrocketing demand and plunging prices and says,

"So, we're all being treated to a colossal fraud, and the people perpetrating this fraud are the controllers of the western financial system and the people behind U.S. dollar hegemony. They are pulling a massive, massive fraud on humanity, and it's not sustainable. It will ultimately break down."

What does the extreme precious metals demand say about the global financial system? Kirby thinks,

"What the western world is trying to hide from the rest of the world is the U.S. dollar centric money system is failing, and it's failing in spades. The only reason it hasn't failed yet is extraordinary levels of corruption and fraud have been used and employed to keep kicking the can down the road. They are also trying to keep officiating and hiding from the general public how broken the system really is. That's been done basically by payoffs, bribes and ownership of the media; payoffs, bribes and ownership of the political apparatus; and payoffs, bribes and ownership of the biggest financial institutions. It gives things the appearance of being under control, but beneath the surface, things really aren't under control. Beneath the surface, we are seeing increasing amounts of the world negotiating bilateral currency arrangements. If the world really felt as ill about gold as the western financial system would like us to believe, then why are so many nations abandoning the dollar in trade? This is contrary to what you'd expect if people really believed what was going on in the paper gold market. They don't compute."

So, are we seeing the overt signs of a panic into the gold market? Kirby says,

"I believe we are. I also believe that if we see some justice out of this, there is going to be a gaggle of central bankers put on trial in the world court in The Hague. This is ultimately where this should go, whether it's allowed to go there or not, or whether they decide to flip the tables over and say 'screw humanity' and take us to a nuclear war, these people are that sociopathic that they might do that. I put nothing past them."

As far as all the recent talk of countries repatriating their gold, Kirby says, "They are all screaming at us that gold is money. They are all screaming at us that they don't trust the dollar."

Join Greg Hunter as he goes One-on-One with Rob Kirby of KirbyAnalytics.com.

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