Today a man who has lived in 18 countries around the world, and witnessed collapses in many of these countries firsthand, warned King World News that major entities are positioning themselves to corner the gold market in 2014. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about worldwide demand for gold
Eric King: “Any surprises for 2014?”
Barron: “The big surprise for investors will come from the gold market. I believe the gold world will be rocked because there will be tremendous strains in terms of available physical gold. I also believe there will be a problem supplying contracts on the Comex.
If we look at Germany, very little of the German gold has been repatriated even though they’ve requested a large amount of gold be returned to them from the Federal Reserve. The gold has been slow to be returned to Germany because those gold leases are slowly being unwound.
I think they are having difficulty finding large quantities of gold because so much physical gold is going to countries like Vietnam, Thailand, China, Japan, South Korea, Taiwan, etc. Every country in the Far-East is accumulating gold in a big way at these price levels. And of course the Chinese are busy moving to back the yuan with gold.
What the world has witnessed in the past calendar year with gold flowing from the West to the East is truly unprecedented and historic. This has never happened before in history, and more importantly, this gold is not coming back. Importantly, this gold will not be available for the Western central banks to lease again. This gold has gone into a million private hands in the East and it is going to say there.”
Source King World News