JIM WILLIE: GOLD to Make a Sudden QUANTUM LEAP to $18,000 oz! [transcript]

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In an interview with Elijah Johnson and Jim Willie on January 15, 2015, Willie says: When the global banking system concludes that the dollar is not going to be working for them anymore, these countries will be looking for a way of dumping them. This will, I think, bring about QE 4 and 5.

Rather than see a dollar crash, the dollar’s going to rise, like a rocket. Then you have the gold standard coming in through trade.

When it’s clear that the Federal Reserve is printing more dollars to cover the ‘dumped Treasuries’, we are going to see a quick move to $3,000 in the gold price and $60 in the silver price. 

Then we’re going to get recognition that the central banks of the world are sitting on a mountain of Treasury Bonds that are worthless.

 

Their portfolios have risen by a factor of 4, and therefore we must increase the gold price from the $2,000 ‘water level’ and multiply it by 4 - to 6 or $7,000 ounce. 

 

Since June 2012, the London Comex has not delivered gold in any futures contract. They are all ‘cash settled’. It fortifies the argument that the Comex is not a gold market. It’s a ‘gold paper manipulation center’.  It’s not a market. It’s like buying a television at Walmart, then walking out the door, and they say ,”There’s no TVs, but we’ll give you cash.”

The allocated gold accounts in Europe, mainly in Switzerland and London, are short 40,000 tons of gold that they’ve stolen from their clients’ accounts. They don’t call it stolen; they call it ‘rehypothecated’ or ‘replaced by gold certificates.’

There are hundred of clients who are sueing the Swiss and London banks for improper use of the client’s private gold. There are very high profile legal firms and class action lawsuits involved. There is zero news coverage on this, but it doesn’t mean it’s not happening.

That’s going to drive the gold price from …………………

 

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