From Newsmax:
"Monetary gold is increasingly unavailable, and in case of a crisis it can no longer be relied upon to come to the rescue,” economist Antal Fekete says.
“Gold is where the buck stops,” Fekete wrote in an open letter to former Federal Reserve Board chair Paul Volcker, now head of President Obama’s Economic Recovery Advisory Board.
The gold basis, which began at 100 percent and now stands at zero, “heralds the greatest monetary crisis of all times.”
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