centrl bnks have < 30k Tons of Gold / j embry

centrl bnks have < 30k Tons of Gold / j embry

Since there about 160,000 tons of gold, that potentially leave 130,000 tons or about 81% somewhere else.

I'm guessing alot of it is held by the upper 1%.

The temptation is too great for this sociopathic upper 1% group and they will sell gold and silver when the prices goes up, resulting in a competition for gold and silver between the central banks who want to reacquire gold for future manipulation, and other players, the biggest one being China.

I think China is better positioned to outbid the 1%, having over a trillion dollars owed it by the usa.

At any rate gold and silver prices will go up.

This story reinforces the jim ricards story I posted about WEDNESDAY, JUNE 22, 2011 - fed to buy gold.

The "central banks have < ..." story was posted on facebook "why buy gold? (and silver!), thu-2011-6-23:

'Kirsty Hogg

Central banks don't have the gold they claim, Embry tells King World News

"Embry: Western Central Banks Don't Have 30,000 Tons of Gold" and you can find it at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/22_Embry_-_Western_Central_Banks_Dont_Have_30%2C000_Tons_of_Gold.html

JOHN EMBRY - King World News: Central Banks Don't Have the Gold They Claim.
kingworldnews.com
“I mean you can default by refusing to pay it like Argentina did a few years ago or you can default it by debasing your currency so aggressively that the debt becomes less onerous. The ultimate result of it is a hyperinflation and I believe that is the most corrosive thing that can happen to a soci'

http://buygoldansilverlong.blogspot.com/2011/06/centrl-bnks-have-30k-tons-of-gold-j_24.html