Last night we just finished reading a very interesting piece by Grant Williams in his ‘Things that make you go Hmm” newsletter available for free subscription. He gives a great run down of the likely pitfalls of the Bank Of Japan’s massive money printing they announced last week.
This prompted us to take a look at a video of the presentation he made at the Mines & Money conference in Hong Kong last month that we’d read some good reports about lately. So if you’re new to the precious metals game then this is a must watch and even if you’re not you may well learn something, particularly about “gold leasing”.
Here is just some of what Grant Williams covers in the presentation:
How none of the problems of 2008 have been solved but yet the “numbers’ seem to currently indicate everything is fine.
Central bank gold reserves
Central Banks leasing gold
Fractional Reserve Banking explanation and its – “tiny little flaw”
“Fractional Reserve Gold” and
What’s in it for Bullion Banks? And
What’s in it for Central Banks?
The importance of Venezuela’s repatriation of it’s gold reserves and the “gold bank run” this has since caused.
How the worst is not over and what may be to come.
Just how important Cyprus may in fact be.
Why you should choose carefully which forecasta you pay attention to.
Why you should own some physical gold.
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