Interviewed by King World News, market analyst and scholar Jim Rickards of Omnis Inc. says he knows of a gold investor who recently had to struggle for a month with a Swiss bank to arrange return of his gold -- not a futures contract receipt but real gold that had been put on deposit at the bank. Only the gold owner's threat to restore to legal action and the news media pried the gold loose, Rickards says. He concludes that the bank didn't have the gold it should have had and that this shorting is endemic to the Western banking system. He advises gold investors to use "private non-bank storage" for their gold to get it outside the banking system and expects that at some point governments may seek to freeze gold in the banking system.

The interview with Rickards is 21 minutes long and you can listen to it at King World News here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/12/7_Jim_Rickards__Part_II_files/Jim%20Rickards%2012%3A7%3A2010.mp3