Monday, April 15, 2013

Top 10 countries slammed by the crash of gold

1. USA Holding > 8500 tons of gold
10. India                 550 tons of gold held by the government

The appetite of individual investors in India is negligible compared to the holdings in the soverign  countries. Per capita a US citizen holds Gold more then any India citizen.

The crash is gold is a reminder to everyone that the middle class gets crushed whenever bubbles are created and gold is no exception. Full article here

The US government controls everything, Gold, the fiat currency, crude oil prices, interest rates, nuclear arms, defence technology, everything in short which is of any significant importance. Everythign else they are happy to outsource to countries down the totem-pole