Two Must-Watch Videos:

"Central Banks stand ready to lease gold in increasing quantities should the price rise"

 - Alan Greenspan, July 1998

Many of you may have already watched these. They are worth watching twice. The first one is Mike Maloney, who does a great job explaining "why gold/silver?" In this quick video, he discusses the Central Bank gold leasing operations and why it is leading into one of the biggest short squeezes ever. Here's some of his salient quotes

- GATA "has compiled a body of evidence that is just so overwhelming that any sane person that looks at it comes to the conclusion the world's Central Banks have been doing this process of leasing gold and selling it into the markets to suppress the price"

- "if [the Central Banks and ETFs like GLD] had to go out and buy the gold and silver in the open market to replace it, the price would go to the moon."  But even if they don't, just being publicly exposed as being short irreplaceable gold/silver will make the price explode.

- "they're getting caught in one fo the world's most gigantic short squeezes and one day we will see thse prices just absolutely explode"...here's the video:



The CB and ETF leasing schemes have created the illusion that there's a lot more physical gold and silver in the market than really exists and these entities have created a short position in the metals that will ultimately be very difficult, if not impossible, to cover. The price of gold and silver do a moonshot and the prices of ETFs like GLD and SLV will plummet like Enron/Refco/Bear Stearns et al.

And here's a 12 minute interview with Marc Faber.  Just for the record, Faber for the last 5 years has been way too conservative in his gold price projection.  But he's getting warmer - Here's his defining quote:  "when I look at all the asset classes in the world and I look at the forthcoming disaster that I envision in the next few years, I am quite happy to be holding physical gold:"