December 12, we learned the next European county in line – after Germany, Switzerland, The Netherlands and Belgium – to openly talk about repatriating its gold reserves is Austria.
December 12, we learned the next European county in line – after Germany, Switzerland, The Netherlands and Belgium – to openly talk about repatriating its gold reserves is Austria.
Alasdair Macleod discusses the worst year price wise for gold since 1981 in the face of all-time record physical demand for both gold and silver in 2013, and states that western governments have destroyed their currencies and lost control of the system!
[Currencies] hides the truth, and the truth is that most of the increase we have seen in paper wealth is illusory both for individuals and for the world. But it suits the governments to fool their people. This gives them the best chance of being reelected and they also engage in theft through inflation.
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