Wednesday, August 17, 2011

As Chavez Pulls Venezuela's Gold From JP Morgan, Is The Great Scramble For Physical Starting?

This story of Venezuela taking delivery of their physical gold bullion is gaining traction.  This could the beginning of the repatriation of sovereign gold reserves from central banks worldwide, as nervous governments no longer trust their custodians in London and New York.  Is there any unencumbered gold left?  Heck, does gold even exist inside the custodial vaults?

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