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Grant Williams ties pounding of gold to shortage triggered by Venezuela, Germany - Chris Powell - GATA

"What if" Germany asked for total repatriation of its 1,500 tonnes of Gold held in the USA? A request of this magnitude would send the rats overboard for sure.

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Beginning of the headline :In his new "Things That Make You Go Hmmm" letter, gold fund manager Grant Williams attributes the recent pounding of the gold price to Western central bank efforts to recover enough real metal for repatriation of the Venezuelan and German gold reserves vaulted abroad, what with so much Western central bank gold long having been leased and then sold into the market to suppress the price. Williams cites all the recent developments noted by GATA and construes them pretty much as GATA does as part o... Read More

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