Those Who Deceive Must Be Revealed!
Monday, April 28, 2014
57 Metric Tons of Gold Exiting the U.S.
Wall St Daily
April 28, 2014
Big gold bricks are leaving the United States bound for Switzerland.
Once in Switzerland, they’re being melted down.
What’s presently happening represents a “tectonic shift” in power, according to Frank Holmes.
Frank is the CEO of U.S. Global Investors, Inc., an investment management firm with a longstanding history of expertise in gold, natural resources and emerging markets.
I had the luxury of discussing this evolving situation with Frank on Thursday.
Frank, who lives directly on the frontline of the gold market, says it’s important for investors to realize that gold is exiting the United States.
America has never witnessed a mass exodus of gold like this before.
In January alone, 57 metric tons of gold bullion fled the country.
Scarier still, China recently opened a brand-new vault. It’s a beast, with the capacity to store 2,000 metric tons, or roughly $82.5 billion at today’s prices.
(Is this Chinese super-vault the gold’s final destination?)
I asked Frank to connect all the dots, which he was happy to do for our readers.
Why is Switzerland melting down gold?
Where is the gold headed next?
Is this a potentially lucrative situation for investors?
As it turns out, the answers are rooted in two very powerful emotions, fear and love.