Team Hedge Fund

“The bullion banks can only have become so uncovered on their unallocated accounts with the encouragement of the central banks, since their exposure appears to exceed the maximum fractional reserve basis of ordinary lending by a factor of four. So from a regulatory point of view, no one is looking. The result of a combination of excessive gold-related credit and lack of regulatory oversight has much in common with the events that led to the credit crunch in 2007. The result can be expected to be similarly violent.”
Go to Source

Related posts:

1. Turning point for gold as Central Banks become buyers
2. Kitco’s Nadler Revealed As Pro-Central Bank Propagandist On Gold
3. Manipulation-Tracking Gold Hedge Fund Would Have Grown From $100 Million To $2.16 Billion Since 2001
4. Martin Hennecke on CNBC: Most market manipulation suppresses commodities, gold
5. Spain is About to Make Trouble for German and French Banks