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Gerald Celente continues:


“And I get this call that I have a margin call and I said, ‘What, are you out of your mind?  I have enough money to take possession.’  (A voice on the other end of the line said) ‘Well you don’t anymore, they’ve decided to put the money with a Trustee.’  They closed out a couple of my positions because I refused to send more money.


I heard this guy, this Terrance Duffy and I went back and looked him up.  He was saying, ‘In the history of the CME, going back to the days of the Depression, nobody ever lost a penny.‘  Well I have and so have a lot of other people.  And he also said, ‘We are the guarantors.’  Well where are you now bigmouth Duffy?....


Continue reading the Gerald Celente interview below...




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“Where’s my money now Terry Boy?  How about guaranteeing me my money?  How come nobody is putting these people on perp walks?  You have to be a fool to have your money in there now.  I’ll never do it again.  This whole thing is a cooked game, Eric.”


When asked what lessons he took away from this experience, Celente responded, “What I’ve been warning everybody about, and I’ve been playing it safe, I had a contract to take delivery (of gold).  You can’t trust anybody and the entire system is collapsing.  What’s the takeaway from this?  It’s to make sure you have every penny in your pocket.”


Celente then brought up the gold ETF, “You have ETF’s, ‘Oh, there’s a little error over here.  We don’t have your money.  We don’t have your positions.’  I went to a meeting and the speaker said, (the gold) in the ETF GLD is supposed to be held by HSBC in different vaults.  HSBC this guy said is the biggest shorter of gold.  Well you figure it out, there the ones that are holding it and they are shorting it.”


As you can imagine, Gerald Celente had a great deal to say in this interview, including his thoughts on future bank runs, Europe and much more. The KWN interview with Gerald Celente is available now and you can listen to it by CLICKING HERE. 


© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

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