Eric Sprott – Physical Gold Shortage Now Reaching Extremes
July 26, 2013
With the paper price of gold pulling back, today billionaire Eric Sprott told King World News that the shortage of physical gold is now reaching extremes. Sprott also discussed the implications of this, as well as Western central planner desperation. This is the first in a series of interviews with Sprott that will be released today. Below is what Sprott, Chairman of Sprott Asset Management, had to say in part I of this remarkable series of interviews.
Sprott: “I have now written three articles titled, ‘Do The Western Central Banks Have Any Gold Left?’ I think we have seen some things develop in the last eight months that tells you there is a bona fide shortage of gold.
It all started with the Germans saying they wanted their 330 tons back, which is a mere 4% of what the U.S. theoretically owns, and they (the US) announced it would take seven years to deliver it back (to Germany)….