Friday, 2 November 2012

Jim Willie: Central Bank Gold Rehypothecation Scandal to Take Gold to $5,000/oz

Jim Willie: Central Bank Gold Rehypothecation Scandal to Take Gold to $5,000/oz

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The battle is on for delivery and verification for official gold accounts
-Evidence grows that much of it is gone, and when demanded, replaced with urgency

-It is soon to transform into a global gold war

-The German Govt gold demand to the London and NY City bankers represents a big escalation in the gold war

-The central bank coordinated QE to Infinity has brought questions of gold account location and integrity

-The Allocated Gold Account scandal is a natural event to follow the LIBOR banker scandal

-QE3 will assure a gold rise past the $2000 mark, but the new scandal will take the gold price to $5000
-The powerful gold factors are aligned and in place, led by permanent ZIRP and unlimited QE

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