from KingWorldNews:
Eric King:
“When the United States closed the gold window in 1971, gold proceeded
to go up six-fold in a very short period of time. But during the
1970s, from time-to-time there were threats from the IMF that they were
going to sell some gold to stem the rise in the price. We see all of
this gold pouring out of the West, and now there is this pressure on
India to lease their 200 tons of gold. Does this have a 1970s feel to
it to some degree?”
Williams: “There are two major differences now, Eric: The first big difference is that the sellers have been selling gold. And when you have a finite resource, it’s not like dollar bills — you can’t just print more. If you keep selling, one day you are going to have sold it all and you are not going to have any more to sell….
Grant Williams continues @ KingWorldNews.com
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Eric King:
“When the United States closed the gold window in 1971, gold proceeded
to go up six-fold in a very short period of time. But during the
1970s, from time-to-time there were threats from the IMF that they were
going to sell some gold to stem the rise in the price. We see all of
this gold pouring out of the West, and now there is this pressure on
India to lease their 200 tons of gold. Does this have a 1970s feel to
it to some degree?”Williams: “There are two major differences now, Eric: The first big difference is that the sellers have been selling gold. And when you have a finite resource, it’s not like dollar bills — you can’t just print more. If you keep selling, one day you are going to have sold it all and you are not going to have any more to sell….
Grant Williams continues @ KingWorldNews.com
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