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« Precious Metals | Main | Far-right posts strong gains in Europe elections »
Wednesday
May282014

U.S. Gold Holdings Close to Zero-Rob Kirby

Financial analyst Rob Kirby is an expert on forensic macroeconomics.  His research shows central bankers are starting to not trust each other.  Kirby cites Austria’s recent demand to audit its gold held in London.  Kirby explains, “. . . Austria seems to have a reason to want to go and see it and inspect it and know that it is real and see it hasn’t been sold and nothing untoward has been done to it.” 

Austria joins a list of countries, such as Germany, concerned about its gold holdings.  Kirby contends, “We are seeing cracks in the trust that, five years ago, there was no questioning the ownership or custody of sovereign metals stored at the Bank of England or the U.S. Federal Reserve; and, now, we’re seeing countries are questioning and want reassurances. 

 There’s been a breakdown in trust (between central banks). . . . This is now a distinct pattern, and I expect it will accelerate as time goes on.” 

By Greg Hunter’s USAWatchdog.com 


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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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