Saturday, 20 August 2011 08:30 'Here comes Hugo Chavez demanding the return of 211 tons of Venezuelan gold from the criminal bankers of London and New York. Max Keiser said today that the Bank of England does not have the Venezuelan gold and will be forced to go into the markets and buy it at increasingly higher prices. Hugo Chavez has sent the gold market into backwardation. That means that the price of physical bullion delivered today is worth more than a paper promise of a delivery at some future date. That has driven the gold market higher since yesterday. $1,900 and $2,000 gold are in sight.' Read more: Hugo Chavez, Gold Runs, Bank Runs And Bank Holidays
Sunday, 21 August 2011
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