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Friday, October 26, 2012

James Turk - ''The Entire German Gold Hoard Is Gone''

long article but well worth the read........................From Kind World News

''Incredibly, 11 years ago James Turk had diagnosed the problems of the missing German gold hoard.  Here is the 2001 piece titled, “Behind Closed Doors” in which he exposed the German gold was in fact missing:

James Turk 2001 - This past December in "The Smoking Gun" I provided substantive proof that the Exchange Stabilization Fund was intervening in the gold market. From publicly available reports prepared by the Federal Reserve, I established that the weight of gold held as a component of the US Reserve Assets has been changing, and that these changes – some of which are of significant size – result from activity by the ESF. These Federal Reserve reports conclusively demonstrate that the ESF has been intervening in the gold market since at least 1996.''

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