Countries Want Physical Gold

The Fed�s money-printing approach to solving the problem has resulted in a financial �backhanding� of emerging markets and currencies James explains, in that, �Emerging markets [keep] most of their reserves denominated in dollars�and the Fed is manipulating the dollar, manipulating interest rates, manipulating exchange rates�manipulating every market in the world�[So] the Fed is like a drunk driver running over pedestrians and then blaming the pedestrians for being in the way�Things could easily spin out of control because of the Fed�s lack of understanding of how the emerging markets are really reacting to and dependent upon the Fed manipulation.�

In response to the continued Fed mismanagement and growing world currency war, it�s becoming clear according to Jim, that, �[Countries] want physical custody of gold�[they're] positioning for the day when there�s a massive loss of confidence in paper money�You�re seeing it with massive acquisitions of gold by Russia and China taking place through channels that bypass the London Bullion Market Association�They�re buying mines in Western Australia. They�re having the ore refined right there in Australia at the Perth Mint, and then shipping the gold straight to Shanghai. They�re completely bypassing the London market where they minimize their market impact, which is a smart move. That�s what you would do if you were trying to buy gold and not run up the price. You would do everything in secret and that�s what�s going on.�

- Source, Bull Market Thinking:

http://bullmarketthinking.com/james-rickards-when-the-international-monetary-system-collapses-its-going-to-be-about-how-much-gold-you-have/