Could The Central Bank Vaults Be Empty? (GLD, IAU, SLV, UGL)
Posted by truthpills on 2012/10/12
October 9th, 2012
Charles Goyette: Is it possible that the vaults of the world’s central banks, believed to be stacked with gold bullion, are really empty? Is all the gold actually there?
Something about the numbers doesn’t seem to add up.
The importance of the question accelerates in the face of global money-printing, which is also accelerating. Since the start of the economic meltdown five years ago, the balance sheets of the world’s central banks have been growing at a frantic pace.
The U.K. has led the pack, up 362%, followed by the United States, which is up 223% — even before QE III. China is printing money as well, up 151% during the period, the European Central Bank, 146%, and Japan, 83%.
Read the full article