U.S. Gold is Gone!
Former Assistant Treasury Secretary Paul Craig Roberts in an interview with Greg Hunter makes some eye-opening claims:
“The stocks of gold at the Bank of England seem to be disappearing. The stocks of many of the gold trusts, such as GLD, are being looted . . . all of this gold is disappearing into Asian markets. The entire West is being drained of gold.”
Roberts contends that America’s gold is “mainly gone.”
“They obviously don’t have any because, if they did, they would have given Germany’s gold back. If they had any, they would let people audit the vaults.”
“The point is the ability to continue selling these ‘naked shorts’ is now disappearing because there is no gold left to back them up. . . . None of these EFT’s has the gold to back the shares. The ability to continue looting them in order to make good on gold deliveries is running out. So, this will prevent the Fed from selling ‘naked shorts’ to protect the dollar from its policy of quantitative easing.
That’s what’s it’s all about. You can’t print $1,000 billion new dollars every year without causing other holders of dollars to wonder about the value of the money and to seek a way of getting out of it. China has been doing that by going into gold.”
“There is no reason for partial delivery if you have the gold.
“If people in the West try to move from dollars into bullion and there’s not any to speak of, then you would see a massive rise in the price.”
– More from USA Watchdog HERE