The Wealthy Are Hoarding Physical Gold
• https://www.zerohedge.com by SchiffGold.comThe world's rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients.
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The world's rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients.
Howe Street interviewed Marc Faber this week. It's well worth a listen.
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Let's first consider a typical International Monetary Fund (IMF) loan to a sovereign in trouble, and then examine a typical gold carry trade transaction to support a sovereign arms deal.
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