Jim Rickards - The US Won�t Give Germany its Gold

�Now Italy has come out recently and they have actually been a little more transparent and they say most of their gold is in Italy, in Rome.

But I do know looking at it from a US perspective, as I�ve described in the book Currency Wars, if the US gets into extreme distress, and there�s a collapse in the dollar, I have no doubt that in an emergency basis the US will basically confiscate all the gold in their possession. Then they will convert it to back up a new gold based US dollar as plan B or some way to stop the crisis.

So it�s a political question for Germany as to whether they want their gold back, but sometimes you don�t ask questions if you don�t think you are going to like the answer. It would be interesting if Germany demanded that gold be shipped to Frankfurt or Berlin what the US would say.�

- Jim Rickards via a recent King World News Interview, read the full Interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/11_Jim_Rickards_-_The_US_Wont_Give_Germany_its_Gold.html