KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 

James Turk continues:


“I mean you can do 5 tons at a time on an airplane shipment.  A few hundred shipments and you can have that (1,536 tons of) gold back (in Germany) in a matter of weeks.  The only possible conclusion you can make is the gold isn’t there. 


You can do what France did back in the 1960s....


Continue reading the James Turk interview below...




Advertisement


UPDATE: To hear which company has one of the highest grade gold

deposits in the entire world, as well as a number of other

extraordinary projects click on the logo:






“You send over a couple of ships and bring the gold back to your country that way. 


When Charles de Gaulle asked for his gold out of the Federal Reserve, it didn’t take 7 years.  He got it right away.  But back then the gold was in the Federal Reserve because it wasn’t going out in the leasing and lending program that governments have been using in recent years in order to keep the gold price suppressed.


Recently, the Audit Committee of the Bundestag (their parliament),  has been requesting that the Bundesbank actually audit the gold because it has never been audited, and presumably is never going to be audited.  So the Bundesbank is in a tough spot.  The gold is not there, but they have the pressure to audit it and bring it back home. 


The fact that they (Fed) are not sending the gold back right away, to me is just a clear sign the German gold is being held hostage.  It’s potentially a powder keg here in terms of how the gold market is positioned at the moment because there is so much paper (claims on gold) out there, relative to so little physical, that a lot of paper gold is going to be defaulted upon.


It will be interesting to see whether this leads to other central banks also asking for their physical gold.  And more importantly, since there are so many paper (claims on gold) in the various gold ETFs around the world, it will be interesting to see whether the institutional investors are starting to recognize what the central banks are doing, and take some of that GLD and all of the other ETF paper and start saying, ‘Look, I don’t want shares, I actually want ounces.  Deliver me the physical metal.’


There is another point here, Eric, that needs to be considered.  The Bundesbank made this announcement, but I think they were just trying to put it out in the best possible light.  I believe they were trying to stretch for reasons in order to explain why they are still leaving physical gold in New York.


They said, for example, that New York is a trading center for physical gold.  That’s not true.  It’s not been a trading center for physical gold ever since 1933, when the gold was confiscated by Roosevelt and all of the physical gold trading went to Europe.


That’s why in the physical market you talk about London or Zurich.  You never talk about New York because there is no physical gold trading in New York.  It’s just a bogus excuse you see in this announcement.  It’s just more evidence to me the gold isn’t there.  It’s been taken out of the vault and used surreptitiously in order to try to cap the gold price.”


The above portion was just a snippet of what James Turk had to say about Germany’s gold.  Turk reveals the reality of what is really taking place with Germany’s gold, and it’s not what the mainstream media and Bundesbank are telling people.  He also discusses his outlook for gold and silver this year.  The tremendous audio interview with James Turk is available now and you can listen to it by CLICKING HERE. 


© 2013 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.


The interviews with James Turk, Bill Fleckenstein, John Hathaway, Egon von Greyerz, Ben Davies, Kevin Bambrough and Nigel Farage are available now.  Also, be sure to listen to the other recent KWN interviews which include Eric Sprott, Art Cashin, John Mauldin, John Embry and Andrew Maguire by CLICKING HERE.


Eric King

KingWorldNews.com

To return to BLOG click here.

 
 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_24_link_0shapeimage_24_link_1

© 2013 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.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_27_link_0shapeimage_27_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_28_link_0shapeimage_28_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html