Switzerland and Norway Begin to Massively Accumulate Precious Metals Mining Shares

Sprott Money's picture

 

 

 

 

 


 

Events are moving behind the scenes. For decades, Western Central bankers have told the masses that gold is a barbarous relic. They have encouraged us to shed its protection and move into the sanctity of their highly corrupt and highly manipulated fiat assets.

 

During this time period, our Western Central bankers have offloaded our countries' hard earned wealth, shipping massive quantities of precious metals to far off lands in the East, never to be seen again - despite what they may think. Our wealth is being sold out from under our feet.

 

Yet, as I have reported on recently, a shift is occurring. Call it what you will - I call it panic. Many Western Central bankers are trying to accumulate metals in stealthy ways, behind the scenes and unbeknownst to the masses, whom they wish to keep trapped in fiat money.

 

The two most recent examples of Western Central Banks moving into precious metals in a serious way are the Swiss and Norwegian Central Banks.

 

Both banks are being reported to have printed close to $1 billion dollars of fiat money as of recently. This should come as no shock to anyone, as this is all Central Banks know how to do - print money.

 

What is more stunning, however, is where they immediately moved these funds. You guessed it right - into precious metals.

 

They know that the physical precious metals market is limited, tight, and scarce. They also know that if they simply printed $1 billion worth of fiat money out of thin air and moved it into physical, then they would risk blowing the market apart, sending prices potentially catapulting higher.

 

Since they are not yet willing to face the wrath of the other Central Bankers around the world, they did the next best thing. They bought shares in the gold mines themselves.

 

Below, you will find two lists compiled by Smaulgold, which showcases the current gold mining stock holdings of both the Swiss and Norwegian Central Banks:

 

 

 

 

These movements of funds are likely the cause of many of these stocks being up drastically this year and confirm the suspicions of many - that major entities were moving into the mining shares for protection.

 

Yet, you must ask yourself: why? Why now? What do they fear? Do they know the folly that they and other Central Bankers have committed around the world? Do they know that this entire system is destined to fail and come crashing down on our heads?

 

I believe they do. These people may be manipulative and they may be corrupt, but they are not stupid. They are getting prepared, just as you should be getting prepared, before it is too late and there is no escape.

 

 

 

Please email with any questions about this article or precious metals HERE

 

 

 

 

Written by Nathan McDonald


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Clock Crasher's picture

Jnug x10 off secular low & Gdxj < 28% fib retrace back to 2011 high

Nugt x5 off secular low & Gdm < 38% fib retrace back to 2011 high

 

As of 9/9/2016

 

<<  We will make new highs

<<  Abandon all hope ye who enter

 

edit < than, not > than

mosfet's picture

I've seen too many stocks coast right thru their 'techinical' barriers without so much as a pause, to ever give credence to techinical analysis.  It's a casino...Astrology is about as useful as T/A.  Beside central banks, there's only 2 types of buyers these days.  Those who buy when something looks like a good deal and those who panic & chase after something only after it's hit new highes.  And too often the one's panicing are those who got kicked out by their stop-loss and ended up missing the rally while fretting over whether the techinicals told them it's 'ok' to get back in.  Rely on T/A and there's a million of these ready and waiting to take your money.

Clock Crasher's picture

<<  NUGT will never catch JNUG

 

<<  NUGT will catch JNUG

 

assuming secular bull.  wanted to get others opinions.  Im trying to figure out the most efficient way to exit NUGT and enter JNUG.  I see how to do it  in hindsight after the most recent miners correction, wanted to get your thoughts.

austrianboy's picture

Actually $900 million worth of precious metals stocks doesn't seem like that much.

That's only about 1% of the swiss central bank's equity holdings, and 0.1% of its total holdings.

mosfet's picture

Don't worry, instead of coming after your physical, CB's will revoke PM dealers' business licenses and print trillons of fiat to nationalize every Gold miner.  I only hope it'll be well after the shit has truly hit the fan and miners have soared to all-time highs when they buy out my shares.

Only a matter of time before no government is selling it's Gold and the only source will be from miners.  The only way to ensure all of the gold flows into gov vaults is to print & buy them outright.  This time it won't be about 'propping' up share prices - it'll be about outright theft of national Gold output.

Arrest Hillary's picture

They are "buying back" the stock market .... they manipulate the PM prices with their notional dumps (probably make a ton of money for their supression fund) .... why not buy the miners, too .... later come Stalin like measures .... I share your realistic pessimism .... prepare for the worst .... laugh if you're wrong ?

roddy6667's picture

In January I put some cash into GDX,  VanEck Vectors Gold Miners ETF. It has certainly outperformed the negative interest rates the banks give.It's up about 100% in 9 months. That's 133 % interest.

 

East Indian's picture

your oligarchs will be madly taking cover behind gold once they feel that other assets cannot retain their value. 

Problem is, how much gold will be left there in the western hemisphere by that time.

 

Gold is a storage of value par excellent. It is natural that only those with surplus to store for tomorrow can buy it. Right now only China (and Russia to some extent) has some spare change to save. So, they buy it. 

northern vigor's picture

Even with their own printing presses thy did not buy fuckin' Barrick. 

GRDguy's picture

They probably already have control. There's a lot of things we're not "allowed" to know.

(But we figure it out anyway.)

flyonmywall's picture

I would not bet the farm on mining shares, but as a somewhat speculative play, having a small position is good for diversification.

 

 

Slomotrainwreck's picture

Great! maybe they will quit supporting the FANG's and get enough shares to buy out some mines so they can keep the production for themselves. Great way to limit supply to the folks that want it. oops, rising prices because of scarcity? Brintg it on.

gonetogalt's picture

Buying in ground reserves is really the best long term way to buy PMs.

A buck or two per oz sounds good to me.

All my miners are pre-production, very cheap on a per oz basis.

(Except my own of course, I'm increasing production.)

Patience, Grasshoppers...

milking institute's picture

Spot on,first mining finance as just one example FFMGF,10 Million oz in the ground,money in the bank, just waiting to cash in on the next run.  all the majors will be in a bidding war for quality assets once things tighten up. starting already,Kaminak just got taken out by Goldcorp,the scramble for proven ounzes in the ground will be epic IMHO....

. . . _ _ _ . . .'s picture

What?!? ...no Barrick?

Arrow2's picture

I second that ... can anyone explain?

northern vigor's picture

After proving to the world that Barrick managers are imbeciles in that Chile Argentina fiasco...even a CB with a printing press wouldn't buy it. 

milking institute's picture

Barrik has by far the the highest Debt Ratio amongst the big 5. may be forced into a merger with Newmont. that's my best guess.

BandGap's picture

And no EXK? It's up 500-600% this year.

milking institute's picture

One of my favourites as well,solid perfomer. for the moon shot try USAPF. For a less stressfull silver play SILJ,nice and steady ETF, YTD Return 205%,just a little better than Cr-Apple!  lol

Slomotrainwreck's picture

Buying mining shares valued in $US is like buying into the tulip fantasy. If it isn't in your pocket, it issn't yours.

jeff montanye's picture

a strong argument can be made for the second sentence, especially if things go a little thunderdomish.

but the first sentence? if events are only as bad as say argentina early in this century, germany in the twenties, the u.s. in the thirties, it might feel like the tulips on the way up, but it never will crash.  not to mention taxed better because you know that's one of the two sure things.