Swiss Refiners Unable To Keep Up With Massive Gold Demand
May 3, 2013
Greyerz: “Right now I’m looking at what’s happening in the US and Bernanke has been Chairman of the Fed for seven years and he’s been the most productive man in the history of the United States. During his reign the federal debt has gone from $7 trillion to $17 trillion. That’s up two and a half times.
But of course gold has continued to reflect the increase in debt and to reveal the destruction of paper money. So gold is also up two and a half times during the same period, and that’s with gold at $1,470 today, which is near the low corrective level….