Elite buying up 27.5lb gold bars, 243% increase since January

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By Shepard Ambellas | Intellihub.com

The $535K gold bars are being purchased from the vaults of large banks and holding centers

At today’s price of $1215,97 per ounce, these 27.5lb (440 oz.) gold bars are going like hotcakes, bullion experts say, flying off bank vault shelves with a 243% increase in sales since January of 2014 alone.

Some experts maintain that this can only mean one thing — a massive economic crash is likely on the horizon as top-tier investors are now scrambling for tangible investments.

Gold coin sales have also doubled in 2014, making it a buyers market.

Meanwhile stock prices are suffering inflation.

Sources:

Super-rich rush to buy ‘Italian Job’ style gold bars — The Telegraph

About the author:

shepard bio photoShepard Ambellas is the founder and editor-in-chief of Intellihub News and the maker of SHADE the Motion Picture. You can also find him on Twitter and Facebook. Shepard also appears on the Travel Channel series America Declassified.

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  • h5mind

    The unfortunate thing about an economic crash is the people least able to survive it are also least likely to do anything about it beforehand.

  • I-RIGHT-I

    That’s why God invented guns and natural law.

  • Chris Sky

    because the “elite” know 1) the US dollar is about to crash making gold a safe haven.
    2) they are doing everythign they can to start war.. .which will damage all currencies and help gold/silver once again.

    silver is actually the BETTER buy.. unless of course you need to store MILLIONS in wealth.. them Silver is not practical…

    but if you’re an “average working man” and you aren’t putting your pathetic fiat us toilet paper dollars into something of more VALUE (like precious metals) you’re in for quite the rude awakening when hyperinflation and bank deposit confiscation come to town.

    oh you’re in denial? well then stay the course, and god speed! ;)

  • Chris Sky

    and that’s why they are doing everything they can to take your guns and circumvent natural law!

  • ThePurpleCrab

    Better have them assayed so the tungsten switcheroo doesn’t get them.

  • BrokusDickusMaximus

    I’m glad I bought that metric ass load of C-rats. The Lima beans and ham are still good. Gotta have a P-38 can opener though.