Capital Gold Group Predicts the Age of $3,000 Gold

The three events are as follows:

1.     $3 Trillion Worth of New Gold Investors

One-quarter of the world's population that has never before invested in gold is about to begin doing so, and they're armed with $3 trillion in funds.

A new law going into effect at the end of 2016 is going to enable Muslims across the world to trade in gold for the first time. The World Gold Council is working with the Accounting and Auditing Organization for Islamic Financial Institutions to create an acceptable standard for Muslims to trade in gold.

You may have heard some pretty controversial things about Sharia Law, but what you probably haven't heard is that this law also governs the world of Islamic finance.

Under Shariah Law, gold is one of six items which are forbidden from being held on to with the intention of trading at a later date for a higher foreseeable value. What this means is that Muslims can own gold to use as jewelry, for example, but up until now Shariah Law has dictated that Muslims refrain from trading the yellow metal as a commodity.

The ban is expected to be reversed on December 31st, at which point an additional 1.6 billion people, 32 central banks, and 112 billionaires, including the Saudi royal family and sheikhs famous for their oil wealth, will be eligible to invest in gold. Standard & Poor estimates that $3 trillion could flood into the gold market at that time. $3 trillion is enough to buy every ounce of gold in Fort Knox 17 times over.

2.     A New Dominant Gold Market

As the current top importer, producer, and consumer of gold, China intends to take over the London and New York markets and become the dominant market controlling the price of gold. China has made it clear that with this authority, they have every intention of setting the price of gold on supply and demand of actual bullion. Again – they want not only to control the price of gold, but base it on actual physical gold.

It's hard to exaggerate how truly game-changing this is.

Remember, for the last 40 years, the Libor and Comex Exchanges have priced gold on futures contracts, not physical bullion. In fact, only 1 in 252 paper gold contracts is backed by actual real bullion. So for nearly half a century, this has artificially suppressed the price of gold.

And now, the Chinese are about to change all of that.

Traders who buy futures on the new Shanghai Gold Exchange are required to deposit the contract's equivalent value in physical gold. So every single trade on the Shanghai fix will be backed by physical metal, not 252 to 1, but 1 to 1. Simply put: this is going to send the price of gold through the roof.

3.     The third wave about to hit investors like a ton of bricks is this: the international supply of gold has hit its peak.

Like any finite resource, at a certain point, mining and extraction become sharply costly, and production will begin to decline. This decline comes after the commodity's peak, and like oil – miners have officially hit peak gold. We (miners?) have hit "peak gold", that is the supply of gold has already begun to taper off.

Last year, Goldman Sachs warned that there's "only 20 years of known mineable gold reserves." Blackrock, the world's largest hedge fund, agrees that we've reached "peak gold."

Right now, the production of gold is rapidly shrinking, just as demand is soaring. 

This upcoming gold upswing will dwarf anything that's happened before. In short: the yellow metal is about to become far more lucrative.

With all this important information out there, it's imperative that you speak to any of Capital Gold Group's gold traders to help you make an informed decision on not only protecting your money, but also taking advantage of this huge opportunity.

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SOURCE Capital Gold Group

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