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Eric King:  “Eric, I know you’ve seen the (KWN) interviews with Dr. Philipa Malmgren, the former White House official.  She was on the PPT, Plunge Protection Team, as well.  It was very interesting, her comments about gold.  Dr. Malmgren said:


“You know it’s interesting, I think at the end of the day what really matters is that emerging markets like China, Russia, they are definitely increasing their holdings of gold.  And I find it quite extraordinary how

they can increase their holdings of gold and yet the price goes down.”


Eric King:  “Eric, you mentioned the dishoarding of gold out of (Western) central bank vaults.  She (Dr. Malmgren) implied it.  How much gold are we hemorrhaging out of these vaults?”


Sprott:  “It could be as much as 4,000 tons a year.  I always thought in the last decade it was about 2,000 tons a year.  And I think going into the last decade they (the West) might have only had 20,000 tons....


Continue reading the Eric Sprott interview below...




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“This is one of the reasons why I thought they had the raid last year was to get an extra 1,000+ tons out of the ETFs because they had run out of gold.


And it (the amount of gold being dishoarded) has obviously gone up.  When you think, Eric, the Chinese increase their imports by a minimum of 1,000 tons -- that’s a 25-percent piece of the market that they never had before, and the price went down.  And the Indians came in and bought an extra 20 percent of the silver market last year, and the price went down. (Laughter ensues). 


We have all these incongruous things happen that in a normal market are literally impossible.  All the physical evidence we have suggests there is way more demand than supply in all those markets.  And sooner or later there will be a failure to deliver.  How long they can keep up the goings-on in the Comex and the LBMA when there are no real deliveries?  We’ll see because we are not far from the time when there is nothing left to buy.”


IMPORTANT - This is one of Eric Sprott’s greatest interviews ever and it is available now.  You can listen to it by CLICKING HERE.  Also, KWN has an all-star weekend with 3 extraordinary audio interviews being released, and many more written interviews being released today. 


© 2014 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 This material may not be published, broadcast, rewritten, or redistributed.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 audio interviews with Eric Sprott, Art Cashin, Rick Rule, Dr. Paul Craig Roberts, Gerald Celente, Felix Zulauf, Michael Pento, James Turk, Victor Sperandeo, Dr. Philipa Malmgren, Grant Williams and Egon von Greyerz are available now. Other recent KWN interviews include Dr. Marc Faber and Jim Grant -- to listen CLICK HERE.


Eric King

KingWorldNews.com

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