Jim Rickards: ‘It Could Be A Failure To Deliver Physical Gold,’ ‘Physical Gold Is Disappearing, There’s A Mountain of Paper Gold . . . So A Failure to Deliver Could Cause Panic Buying of Gold.’

Jim Rickards: “It Could Be A Failure To Deliver Physical Gold,” “Physical Gold Is Disappearing, There’s A Mountain of Paper Gold. . . . So A Failure to Deliver Could Cause Panic Buying of Gold.” (InvestmentWatch, May 23, 2014):

And what might be the first snowflake to move? 

“It could be a failure to deliver physical gold,” Rickards suggested. “Physical gold is disappearing, there’s a mountain of paper gold. . . . So a failure to deliver could cause panic buying of gold.”

http://www.moneynews.com/StreetTalk/James-Rickards-Dennis-Kneale-Financial-Crisis-Economy/2014/05/20/id/572264/?ns_mail_uid=33506595&ns_mail_job=1570212_05222014&promo_code=crvzhkqc

4 thoughts on “Jim Rickards: ‘It Could Be A Failure To Deliver Physical Gold,’ ‘Physical Gold Is Disappearing, There’s A Mountain of Paper Gold . . . So A Failure to Deliver Could Cause Panic Buying of Gold.’

  1. The truth is far more simple. Far more gold has been sold on paper than exists……therein lies the problem. It is very difficult to deliver goods that don’t exist.
    I had a similar problem when I tried to get silver my father had bought……………screwed, is the word. We cannot trust the money changers, they are crooks, and are still being given a free ride in America.
    The good news is that people are asking for their gold and their silver, so their free ride is about over.
    Jails are available and waiting for these scumbags.

  2. False. Selling stuff they don’t have is fraud, its false….call it what you like, but they have gotten away with it for years.
    Finally, people are waking up, and asking for their money in silver and in gold. When it doesn’t show up, that means they sold more than they had…….Fraud.
    It has been going on for years.
    Time people woke up….they are overdue.

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