The Phaserl


The Secret World Of Gold

from Zero Hedge:

In a wide-ranging look at the history and present of the barbarous relic, CBC’s Ann-Marie MacDonald has gathered many perspectives (pro and con) on gold. The following documentary moves from historical shipwrecks to Nazi ‘death gold’ and England’s war chest to recent years where widespread economic uncertainty has given the yellow metal a “new lustre in the world of high finance.” Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years. As MacDonald says, whether it’s a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold. But there’s not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool. Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone – that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold – and who really owns it?

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3 comments to The Secret World Of Gold

  • 8Ball

    “people will lie, cheat, steal and kill in the name of gold” (and Silver)

    off topic…

    Hey Chris Duane, Lost $.25M to the mulligan mint guy? He CONNED you and got you to enter into a gentleman’s agreement (no written contract). You should know better, being a “businessman”.

    Hey, mansion on the airstrip guy, hire some extra security and sleep with one eye open.

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