Fleckenstein – Gold & Silver Set Up For An Explosive 2013
January 15, 2013
Today Bill Fleckenstein spoke with King World News about Germany’s move to repatriate their gold and the impact it will have on the gold market. Fleckenstein, who is President of Fleckenstein Capital, also had some fascinating predictions for gold and silver in 2013.
But first, when asked about the Germans repatriating their gold, Fleckenstein responded, “They want to have their gold inside Germany. There was a flap inside Germany about them wanting to make sure they had it (their gold). This is in response to that.”
Bill Fleckenstein continues:
“So, while I think it’s psychologically bullish for gold, I don’t know that there is that much there yet. We might find reasons for it that suggest there is a lack of trust between central banks. The people who believe in conspiracies that are determined there’s really no gold there will view this as proof positive that the Germans are now afraid there’s no gold there.
This is part of the argument that central banks are realizing that gold is valuable, which is why you see so many of them buying it with the confetti they print up every night….