Tuesday, November 13, 2012

Western Banks Have No More Gold!

Eric Sprott appears on Bloomberg TV. Where he discusses the incredibly bullish fundamentals of gold and the stellar track record it has had over the last decade. He lays out the facts and was heard saying this shocking statement: 

 "Central banks have one line on their balance sheets for gold and gold receivables! If they lease gold to a bullion dealer, that’s a receivable. That gold has obviously been sold into the market, but we can’t tell what’s real gold and what’s receivable" 

 This is a must watch video.

- Source, Bloomberg TV: