Zulauf: We May See A Shortage Of Gold & A Massive Price Spike
KingWorldNews.com
February 15, 2013
Today renowned money manager Felix Zulauf told King World News, “These are manipulations like we have never seen. Of course the printing of money comes in waves.” Zulauf, founder of Zulauf Asset Management and 20+ year Barron’s Roundtable panelist, also spoke about Germany’s move to repatriate its gold, and the fact that countries are rapidly losing faith in London and the Fed as a place of storage because of suspicions the gold has already been leased out. Zulauf warned, “… this could lead to a tremendous shortage of physical gold.” Zulauf believes this would then create a massive spike in the price of gold.
This is part II of a three part written interview series that will be released on King World News today. In these interviews the legendary money manager discusses why he believes central planners will fail, how this will lead to systemic collapse, gold repatriation, what investors should be doing with their money right now, how they can protect themselves going forward, and much more.
Eric King: “Felix, gold repatriation, we’ve seen that trend. There is a distrust of what’s taken place in London, and at the Fed. Meaning the gold has been loaned out, leased out by the bullion banks. It’s not in the vaults. Countries are getting nervous and saying, ‘Give us our gold.’ This trend that’s happening (with gold repatriation), your thoughts on that?”
Zulauf: “At first it was reported that Germany’s Bundesbank repatriated half of their gold located outside of Germany. Within seven weeks we learned it will be 1/5 of what is outside of Germany, and it will take 7 years. The reason given was because of some swap and contract agreements, etc.. So obviously this tells you that part of the physical gold may be lent out and may not be there where it should be (at the Fed)….
The Rest…HERE
