We were quite busy lately and are therefore actually a bit late in posting this podcast, in which our good friend Claudio Grass of Global Gold is interviewed by The Daily Coin on the recent hot topics of Greece, the declaration of war against cash and how gold fits into all of this.
Anyway, it is always refreshing to hear Claudio’s viewpoints, and although there is currently always the potential of events overtaking one’s guesses/predictions in connection with Greece, Claudio does offer an interesting perspective here. One of the problems Greece has (which at the same time, is the only trump card of the creditors, since they can switch off ELA anytime) is deposit flight. People are taking their money out of Greek banks in droves, inter alia hoarding cash. As Claudio avers, similar to Cyprus, Greece could end up becoming a test bed for unsavory policies in the attempt to bring it to heel.
The people interviewing Claudio are trying to direct the conversation toward a discussion of alleged gold price manipulation at the beginning, but Claudio politely sidesteps the issue. We’re just mentioning this because we want you to know that in spite of the impression one might get at the beginning, this topic isn’t what the podcast is about.
As far as we are concerned, we do have some sympathy regarding the idea that governments and central bankers don’t really want to see the gold price going bananas, given that it would deliver an unwanted verdict on their fiat money Ponzi. That seems obvious enough. However, if, as some observers allege, a conspiracy to suppress the gold price on an ongoing basis over the past several years, even decades, exists, the endeavor has to be called one of the biggest successes in history in terms of enforcing omerta on its members, and in light of the gold price trend between 2000 and 2011, also one of the biggest failures in the entire history of market manipulations.
Anyway, here is the podcast – enjoy!
Claudio Grass on gold, Greece and the war on cash
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