Jim Rickards Posted by John on October 16, 2013

Fed Knows Gold Has To Go Higher… Jim Rickards in conversation with Daniela Cambone of Kitco News on September 23, 2013

“Central bank manipulation of gold markets can and will last until physical shortages become so acute that banks and exchanges can no longer deliver on futures and forward contacts when requested by customers. At that point, contracts will be terminated and exchanges will order that trading be conducted “for liquidation only” which means that futures customers can close out or rollover contracts, but they cannot receive physical delivery of gold.

The signs that the manipulation is coming to an end will include depletion of warehouses, price spikes and notifications from banks that they will no longer allow the conversion of gold forward contacts into physical gold.” – James Rickards