A Mini Fort Knox built by JP Morgan in Singapore due to "fear of confiscation". Next Stop for Gold: $1500
Mini Fort Knox in Asia - Robby Noel June 10 2010
Kelvin Tay, chief investment strategist at UBS Wealth Management, expects gold prices to hit $1500 in 12 months. He tells Paul Schulte, managing director at Nomura International and CNBC's Martin Soong and Karen Tso why he is so bullish on the precious metal.
Robby Noel June 10 2010 - Mini Fort Knox in Asia - CF
Robby plays a clip from Asian Squawk Box.
>>>A Mini Fort Knox built by JP Morgan in Singapore due to "fear of confiscation".
U.S. Asset Managers worry about that the U.S. administration could confiscate Gold for economic reasons. THE FACT THAT U.S. ASSET MANAGERS ARE CONCERNED ABOUT CONFISCATION IS IMPORTANT.
Robby makes a good case for taking notice of these important developments. This is not the coin industry promoting 'confiscation' that makes this worth watching.
Robby later on talks about the 1933 Gold Confiscation Act in detail. Only 2 people were said to have been convicted of the 1933 Act. Despite what the coin companies may say. Robby does not recommend you selling your Gold for other types of Gold because of confiscation fears.
Robby is on the RBN Network, his show is called "The Flip Side" the show exposes the behind the scenes goings on within the financial world. This is one of the best programs out there.
This is Commercial Free
Born in the land named after Cecil John Rhodes Robby has spent last 30 years trying to figure out how he lost a country that was called Rhodesia, the journey to discover the truth about the Rhodes Legacy has led him along many paths in many countries it’s this world view mixed in with current political events that Robby tries to sweep away the fog of “political correctness” on a daily bases.
RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them and then you don't have to wait for their shows to be uploaded here.