Jim Rickards On German Repatriation Of Gold
Long time favorite of this site, Jim Rickards, speaks with long time favorite of this site, Lauren Lyster (who recently moved to Yahoo! Finance), about the recent German repatriation of gold. If you are unfamiliar with this story you can click here for all the details. This repatriation may be looked back on as the trigger event for all major countries (then individual investors) to demand physical metal in possession instead of a paper promise to deliver in the future. There are hundreds of times more paper metal traded and loaned into the market vs. the actual physical metal available. Ultimately it will end with a very exciting game of musical chairs.