by Dave Kranzler, Investment Research Dynamics:
Jim Rickards made headlines today with an interview he did with Peter Schiff in which he claims that the gold held by the Fed is leased out several times over but is still sitting in the Fed vaults. If that’s case, Jim, then how come the Fed won’t allow a physical audit. If the Fed is going to perpetuate and legitimize a lie, at least show us the bars. Sorry Jim, you’re propagating misleading information once again (see my comments below)…
The silver uptrend holds: The Fed and the big banks who are undeniably engaged in trying to hold down the price of gold and silver on a daily basis now, are having trouble getting silver to die. The reason: India and China have been buying physical silver hand-over-fist:
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