China is emptying London gold vaults
BLOOMBERG: LONDON GOLD VAULTS ARE VIRTUALLY EMPTY, ALL THE GOLD HAS BEEN TRANSFERRED TO HONG KONG!
DECEMBER 21, 2013 BY THE DOC 108 COMMENTS
In this MUST WATCH clip, Bloomberg Industry’s Kenneth Hoffman shockingly reveals that London’s gold vaults are “virtually empty“:
“You could go into a vault in London a couple of years ago. The vaults were packed to the rafters with gold, and the gold would trade from me to you to somebody else. You can walk into those vaults today and they are virtually empty. All that gold (26 million ounces) has been transferred from London and has gone to Switzerland where it has been recast to higher grade formats and shipped off to Hong Kong and then to China never to return.”
Hoffman discusses What’s Happening to All the Gold? openly on financial MSM below: