Monday, December 1, 2014

Historic & Unprecedented Events Unfolding In The Gold Market

"Today one of the wealthiest people in the financial world spoke with King World News about the historic and unprecedented events that are now unfolding in the gold market.  Rick Rule, who is business partners with Eric Sprott, also discussed why other countries becoming so concerned that the U.S. gold is gone, and why this is sparking panic on the part of some countries to get their gold back before all hell breaks loose.

Eric King:  “Rick, you’ve heard the news about Marine Le Pen sending the letter to the French central bank demanding their gold be repatriated back to France, and to also put a halt to any future gold sales.”

Rule:  “I personally think that having control of one’s own gold is a prudent thing to do.  The topic of repatriating gold is getting a lot of play in Europe as a consequence of the Swiss referendum, which you reminded me is coming up on Sunday.

 

And I think there is an undercurrent, an intelligent undercurrent frankly, of voters in Europe, particularly older voters, who remember that times aren’t alway good.  Who believe this (gold) is part of their national patrimony, it’s part of their wealth, why should we store it in a repository that doesn’t subject itself to an audit?  Why don’t we keep it ourselves?...."

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/29_Historic_%26_Unprecedented_Events_Unfolding_In_The_Gold_Market.html

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