Maguire & Sprott
Discuss War In Gold
"Obviously there is a huge shortage of gold, which everyone is trying to cover up .. My whole thesis is that the Western central banks have very little, if any gold left. Anything that various experts say that makes people realize that this is the case, it's not accepted very well because it would truly mean the death of fiat currencies. This is what most of the people you interview tend to suggest is going to happen, and I totally concur with that .. I've been in this bull market for 13 years, and probably for the whole 13 years everyone in the mainstream media was suggesting that gold was a non-essential asset .. But its need is becoming more and more apparent all the time to many people in the world. As I've said, I think demand for gold is way beyond supply here, and the central banks have been supplying that gold and suppressing it."
- Eric Sprott*
link here to the audio
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