Eric Sprott: The US is out of gold
Duncan Richardson, News Editor
10 Feb 2014, 2:51 p.m.
Institutional investor Eric Sprott believes the U.S. has run out of gold. During an interview with Kingworld news Sprott added, “I really believe that the decline last year was orchestrated because the (Western) central banks have run out of gold. To think that the US Treasury, which theoretically had 8,000 tons of gold, could only deliver 5 tons to Germany. The dots you can connect are so obvious that there is no gold there (in US vaults).”