Historic & Unprecedented Events Unfolding in the Gold Market (Rick Rule)
Rick Rule speaks with King World News about the historic and unprecedented events that are now unfolding in the gold market. Rick also discusses 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 always 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?….
“I think it (repatriation) is a very healthy thing to do. I try personally to keep control of my own gold, so it wouldn’t surprise me that the collective of France and Switzerland would like to keep control of their own gold.”
Eric King: “We just talked about what is happening in France, and you brought up the Swiss vote which is coming up this Sunday, but interestingly the Dutch just got back 122 tons of gold. And the reason that’s so fascinating is because the Germans have attempted to get their gold back. We (the U.S.) promised to send gold back to them but they’ve only received 5 tonnes so far. I think some people were scratching their heads and asking, ‘Why did Germany only get 5 tonnes of gold after all this time and yet the Dutch suddenly popped up with 122 tonnes?’ (Laughter). So this seems to be adding fuel to the fire in Europe.”
Rule: “I guess it’s incongruous that the Germans went to get X (amount of gold) and were told 7 years, and the Dutch were able to get their gold. I’m delighted for the Dutch by the way, but it adds credibility for the demand that the official sector gold holdings be transparent. It would put an end to all these discussions about wether the gold exists or doesn’t exist. It would be useful to have an audit trail.
http://thevictoryreport.org/historic-unprecedented-unfolding/?utm_source=rss&utm_medium=rss&utm_campaign=historic-unprecedented-unfolding
Rick Rule speaks with King World News about the historic and unprecedented events that are now unfolding in the gold market. Rick also discusses 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 always 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?….
“I think it (repatriation) is a very healthy thing to do. I try personally to keep control of my own gold, so it wouldn’t surprise me that the collective of France and Switzerland would like to keep control of their own gold.”
Eric King: “We just talked about what is happening in France, and you brought up the Swiss vote which is coming up this Sunday, but interestingly the Dutch just got back 122 tons of gold. And the reason that’s so fascinating is because the Germans have attempted to get their gold back. We (the U.S.) promised to send gold back to them but they’ve only received 5 tonnes so far. I think some people were scratching their heads and asking, ‘Why did Germany only get 5 tonnes of gold after all this time and yet the Dutch suddenly popped up with 122 tonnes?’ (Laughter). So this seems to be adding fuel to the fire in Europe.”
Rule: “I guess it’s incongruous that the Germans went to get X (amount of gold) and were told 7 years, and the Dutch were able to get their gold. I’m delighted for the Dutch by the way, but it adds credibility for the demand that the official sector gold holdings be transparent. It would put an end to all these discussions about wether the gold exists or doesn’t exist. It would be useful to have an audit trail.
http://thevictoryreport.org/historic-unprecedented-unfolding/?utm_source=rss&utm_medium=rss&utm_campaign=historic-unprecedented-unfolding