While the world continues to watch the dramatic Greek crisis unfold as well as the increased fighting in Ukraine, today legendary Marc Faber warned King World News that governments are going to seize people's gold. Faber also described exactly why governments are going to seize the gold from private holders.
Eric King: “Obviously we had the overnight revaluation of the Swiss franc that led to so much chaos. You have already said you think gold is going to have a strong 2015, but are we going to wake up one day and have a massive revaluation of gold? Is that coming at some point?”
Marc Faber: “Yes. But I think before it will happen the central banks and the governments will try to take the gold away from ordinary people. You understand? (Laughter)….
Continue reading the Marc Faber interview below…
“They know that it would be one solution for the global financial system to peg it, to some extent, to gold.
Governments To Seize Gold
But before they do that I think they will go after you and me and say, ‘OK, parasites of society who do not spend but keep their money in gold that is unproductive — let us take it away.' That is the threat. I’m not worried about the price of gold. What do I care if the gold price is at $500, $1,000, $1,500 or $5,000? What I care about is that I can keep the ownership of gold.”
Eric King: “Just so I understand this, there may be a global coordinated effort by central banks to seize the gold.”
Faber: “Yes, because the professors at the central banks and the academics, most of them have never owned a single ounce of gold. And they know that gold is the honest currency that cannot be printed. This is a market they really cannot control in the long-run. They can manipulate it in the short-run, but the more they manipulate it, the more it will eventually go to its real level.
And so central bankers who are money printers — the counterfeiters of this world — they hate gold, period.” ***This is one of Marc Faber's greatest audio interviews ever and it has now been released! To listen CLICK HERE OR ON THE IMAGE BELOW. The written interviews only contain 7 percent of what is in his outstanding audio interview. Faber makes some absolutely remarkable predictions about the world economy, gold, derivatives, stock and bond markets and much more.
***ALSO JUST RELEASED: Why This War With Putin And The Markets Is Spectacularly Dangerous CLICK HERE.
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The audio interviews with Marc Faber, Eric Sprott, Felix Zulauf, Andrew Maguire, John Mauldin, Egon von Greyerz, Dr. Paul Craig Roberts, Gerald Celente, Lord Christopher Monckton, Michael Pento, Bill Fleckenstein, David Stockman, Dr. Philippa Malmgren, Stephen Leeb, John Embry, Rick Rule, Rick Santell are available now. Other recent KWN interviews include Jim Grant — to listen CLICK HERE.