From Jim Willies Hat Trick Letter:

◄$$$ G.A.T.A. IS GIVEN CREDENCE ON C.N.B.C. EUROPE. DOUBTS WERE LAID AS TO THE VALIDITY OF USGOVT CLAIMS TO BE IN POSSESSION OF 8000 TONNES OF GOLD IN RESERVES. WORD IS SPREADING, LIKE A BAD ODOR. $$$

The platform was CNBC, but the venue was Europe. On the CNBC Europe's Squawk Box show, interview guest Ben Davies was featured. He is CEO of Hinde Capital in London and co-manager of its gold fund. With surprising candor, reeking of treasonous disloyalty within the financial sector, where corruption is rampant, he expressed his opinion. Prefaced by a comment that "central banks and governments are very good at obscuring facts," Davies went on to cast doubt that the USGovt indeed has the 8000 tonnes of gold it claims. This is precisely what GATA has filed lawsuits to discover, to no avail. Davies mocked the USGovt, as he calculated that a $36,000 gold price would offset the US national debt entirely. However, any road that leads to such a gold price would involve either massive market breakdowns in USTreasurys and the USDollar, complete with credit derivative nuclear explosions, or massive monetary inflation in response to crisis and absent liquidity, complete with economic destruction and jobless roaming the cities in marauding gangs. See the CNBC video with Davies (CLICK HERE), where the GATA reference is made 6 minutes into the clip.