Russell – Total Collapse & The Monetary Story Of The Century

Tuesday, November 25, 2014
By Paul Martin
November 25, 2014

With historic events taking place around the globe, the Godfather of newsletter writers, 90-year old Richard Russell, put out one of his most dire warnings of the year, covering everything from missing U.S. gold, to the complete collapse and destruction of all global fiat currencies and the world monetary system. The 60-year market veteran also warned that if the U.S. gold is in fact gone, it will be the “monetary story of the century.”

Russell: “I’m looking at a report from the World Gold Council, September 2014. I was shocked to see that according to the official world gold holdings, the US holds the largest amount of gold of any nation in the world. Even more astounding, the US leads the world in the percentage of its currency reserves in gold. According to the World Gold Council, the US holds 72% of its forex reserves in gold.

How can this be? Widespread rumors have it that the US has sold or leased all its gold and cannot even ship the gold that Germany has called in. Either the World Gold Council is presenting wrong figures or a mighty scandal is upon us. If the US has this amount of gold, which would be bullish, why haven’t we been told about it? Or why doesn’t the US run an honest audit on our gold?

Here’s what I’ve been thinking: the Fed despises gold and wants to make its own fiat currency the only legal currency. Therefore, if you really hold this tremendous amount of gold (8,133 tonnes), how would the Fed explain it? The other question: why doesn’t any publication pick up the story of the US government owning 8,133 tonnes of gold? Why isn’t any American told that gold represents 72% of our currency reserves?

There’s either a huge story or a huge scandal wrapped up in the World Gold Council’s list of official gold holdings. And if you’re skeptical of my story, look it up on the internet under World Official Gold Holdings. This could be the monetary story of the century.

The Rest…HERE

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