by David Kranzler
Investment Research Dynamics
“As I always bore people with: The true numbers, location, and disposition of national gold reserves are secrets far more sensitive than the true numbers, location, and disposition of nuclear weapons.” – Chris Powell, Treasurer of GATA
I love that quote from Chris. It reminds of when I suggested back in 2004 that the U.S. would start a war before it ever gets to the point at which it was forced to open the Federal Reserve gold vaults for a independent audit with the entire world watching.
What might require such an event? If the China/Russia economic axis were to roll out a gold-backed currency that required independently verified proof of sovereign gold holdings by all trading partners…