The American Empire in a Changing World


Thursday, November 8, 2012

GoldMoney: ''Jim Willie the rush for physical gold is on''

part 2 is out...............ENJOY..............From Gold Money..................''Subscribe to our newsletter at Episode 65: Statistical analyst and newsletter writer Jim Willie of talks to GoldMoney's Alasdair Macleod about the increasing transfer of wealth from Western countries to their Eastern counterparts, and the hugely bullish picture for silver at the moment.

The huge flow of gold from West to East is evidence of this wealth transfer. Willie also talks about plans by Germany, China and Russia to create an alternative payment system to replace the US dollar in multilateral trade. According to Willie it is going to be gold-based and will be peer-to-peer -- eliminating many sources of profit that currently exist for banks. He also points to increasing talk from certain influential people about the possibility of a renewed gold standard.

Willie sees big outflows of gold from London to China, with 5,000 tonnes leaving London from March to mid-June according to his source. As banks are desperately looking for physical gold official reserves might be seen as a tempting source. He senses a scandal were such gold has been replaced with gold certificates to satisfy physical demand.* In his view, Fort Knox likely does not hold the gold that it is claimed exists there.''

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