Rob Kirby: U.S. Gold Holdings Close to Zero!

[youtube=http://www.youtube.com/watch?v=3d6-mwqnggk]

• Rob Kirby: U.S. Gold Holdings Close to Zero! 
  by Greg Hunter’s USAWatchdog.com 
  Financial analyst Rob Kirby is an expert on forensic macroeconomics.  His research shows central bankers are starting to not trust each other.  Kirby cites Austria’s recent demand to audit its gold held in London.  Kirby explains, “. . . Austria seems to have a reason to want to go and see it and inspect it and know that it is real and see it hasn’t been sold and nothing untoward has been done to it.”  Austria joins a list of countries, such as Germany, concerned about its gold holdings.  Kirby contends, “We are seeing cracks in the trust that, five years ago, there was no questioning the ownership or custody of sovereign metals stored at the Bank of England or the U.S. Federal Reserve; and, now, we’re seeing countries are questioning and want reassurances.  There’s been a breakdown in trust (between central banks). . . . This is now a distinct pattern, and I expect it will accelerate as time goes on.”
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  What happens if Austria is not granted access to its gold by the Bank of England?  Kirby speculates, “I would say there could be some piling on.  There could be some other countries that could be concerned about the state of their reserves.  Kirby goes on to point out, “Countries around the world with foreign reserve accounts where they hold vast amounts of U.S. dollars, all it’s going to take is for one of them to get really spooked . . . and bolting for the door is for countries with these massive foreign reserves is to start madly buying gold.  At some point, countries, if they feel their gold has been compromised, they might want to replace it in a hurry. . . . All the countries holding vast amounts of U.S dollars in their reserve accounts . . . think many of them think those dollars, in the end, are not going to be worth anything.  That raises the inclination for one of them to spend them or use them before they lose them or they become worthless.  I think there is a growing propensity for someone somewhere to do this.”  
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