The Fractional Reserve Gold System Is Closer To Collapse
August 1, 2013
Today the man whose firm is well known for its $10,000 gold call told King World News that the fractional reserve gold system is closer to collapse because of major stresses that are now being put on the system. Below is what Paul Brodsky, co-founder of QB Asset Management, had to say in this powerful interview.
Brodsky: “The fractionally reserved gold market seems to be unwinding. I don’t know if it’s at the end of it right now, or near the end, or whether it has further to go, but very clearly the paper claims on the gold and silver markets seem to be getting pretty tight. More than that, it seems that this is now understood by more and more participants….