The banks don’t have the gold the customers are paying them to have on deposit...and eventually there will be panic because...[of that]....I just see massive turmoil when people finally realize the banks don’t have their gold....You will see governments frantically trying to substitute fiat money for gold because this is going to feed on itself....The banks take in customers gold and charge them fees for storing the gold as allocated, but then they turn right around and lease it out to the market to aid in price suppression. This is the kind of thing that will end in catastrophe.
Read More »Leeb: Lack of Gold On Deposit to Eventually Result in Panic, Massive Turmoil & Total Chaos! Here’s Why
The banks don’t have the gold the customers are paying them to have on deposit...and eventually there will be panic because...[of that]....I just see massive turmoil when people finally realize the banks don’t have their gold....You will see governments frantically trying to substitute fiat money for gold because this is going to feed on itself....The banks take in customers gold and charge them fees for storing the gold as allocated, but then they turn right around and lease it out to the market to aid in price suppression. This is the kind of thing that will end in catastrophe.
Read More »Vaulted Gold: What Is It and How Does It Compare With Other Gold Investments? (+3K Views)
The infographic below on vaulted gold explains what vaulted gold is and visualizes key facts relating to investments in gold that is stored on behalf of investors in high-security vaults.
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