from Kitco NEWS
Best-selling author Jim Rickards joins Kitco News to discuss his latest book, The New Case for Gold which looks at the role of the metal in today’s monetary system. Rickards makes the case for the metal and comes to its defense against well-known critics such as Warren Buffet often referring to gold as a relic. The author also discusses his discovery in the Federal Reserve’s balance sheet, revealing massive amounts of gold at Fort Knox and West Point worth $300 billion. The best-selling author of Currency Wars and The Death of Money, explains that the Fed does not want to be audited to avoid drawing attention to gold and to downplay the role of the metal. “The confidence of the entire global system of finance rests on the U.S. dollar. Confidence in the dollar rests on the solvency of the Fed’s balance sheet. And that solvency rests on a thin sliver of… gold. This is not a fact anyone at the Fed wants to acknowledge or discuss, ” Rickards’ new book suggests.
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews