Thursday, 10 November 2011

Eveillard - If Italy Sells its Gold Here is What Will Happen

“It would make a terrible impression. It would be the idea that, ‘Gee, they are selling the family jewels,’ if they were to do so. It would be a little bit like the IMF at the beginning of 2010 sold 200 tons of gold. It was India that bought it.

The gold price subsequently went up because I think it was interpreted as gold moving from the weak hands of the IMF, to the strong hands of India. The idea is the West is declining. The West, which dominates the International Monetary Fund, is declining and the East is rising.”

- Jean Marie Eveillard via a King World News interview, read the full interview here: