GOLD ALERT!
Fractional reserve GOLD? This is not paper!
Fractional reserve GOLD? This is not paper!
There have been so many paper contracts in fractional reserve gold that countries have entered into with The Federal Reserve Bank and some say this could cause a real problem as countries demand their physical gold. Seems like it's easy for the FED to print paper---but gold may be different:
Here's the Saturday, March 17, 2012 KWN WEEKLY METALS WRAP. Bill Haines mentions this fractional reserve gold situation and how it could really effect gold value in the near term as countries demand their gold from The Federal Reserve Bank:
PRINTING may turn to MINING and MINTING?
We all hear about The Federal Reserve Bank and fractional reserve lending but if this FRACTIONAL RESERVE GOLD becomes a real problem as countries demand their physical we may be hearing of Ben Bernanke "MINTING" instead of "PRINTING":
CLICK HERE TO LISTEN
Keep an eye on Eric Sprott
Bill Haines mentioned a mouthful here and this could ignite a global gold rush of buying the physical metal. This is one of those situations where you may hear Eric Sprott of Sprott Asset Management ordering a load of physical gold at this point and there's no telling where that price could go.(Watch these symbols in the U.S. STOCK MARKET:
GLD, IAU, SLV, AGQ, PHYS, PSLV, GLL, and ZSL)
...developing...