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Chuk posted a link to Dr Paul Craig Robert's excellent video, recorded this week. In the video he states a number of times that he doesn't think that the US has much, if any, of its Gold left! (Also in an article printed on Jan 17th 2014)
His reasons include:
1. No one is allowed to view the Gold supposedly stored at Fort Knox.
2. Even government ministers are not allowed to go there. A parliamentary request for an independent audit of the Gold held there has been refused.
3. The Fed Reserve is only going to return 300 tonnes out of Germany's 1500 tonnes of Gold stored at Fort Knox, and this is over a 7 year time frame. Which makes Dr Roberts believe that the Fed doesn't have Germany's Gold anymore, and hasn't got enough Gold of its own to replace it with. "Why else would they arrange such a strange deal?"
4. The Fed Reserve could only give back 5 tonnes of Gold to Germany last year.
5. In 2011 it took the Fed Reserve 4 months to find 160 tonnes to give back to Venezuela the Gold that it was storing for it.
etc.
"If Fed Reserve actually had the Gold there is no reason why they wouldn't give it back straight away, to the governments who have requested it."
20/1/14
http://www.youtube.com/watch?v=p0rGaWcRiNo
This apparent scarcity of Gold reserves, particularly in Western countries, leads many to believe, that along with other compelling factors, the price of Gold will rise significantly over the next few years. But the starting point for that trend is unclear, as is the price it might rise to. Predictions for the future POG over the next 5 years, range from USD $1900 to $50,000 per oz!
Greg Hunter, a reporter from the USA Watch Dog Channel, has some great interviews of a range of economic and political experts on his You Tube Website. For those who have the time to watch, or perhaps play the interviews in the background whilst doing something else, there are some fascinating, if not frightening, scenarios being predicted for the USA and the World.
Amongst the more alarming predictions are the Meltdown of the US Economy leading to civil unrest, and an astronomic rise in the POG! Some of these experts are actually buying and storing physical Gold for such and occurrence!
Mike Maloney is one such expert.
http://www.youtube.com/watch?v=O3GTlxvluZ0
Other Interviewees Include:
Dr Paul Craig Roberet, Jim Sinclair, Jim Willie, Gerald Celente, Professor William Black, Eric Sprott, Peter Schiff etc.
These interviews are listed here, (299 in total):
http://www.youtube.com/user/usawatchdog/videos?view=54&flow=grid
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Price($) | Vol. | No. |
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