Gold Industry Officials Warn Of Depression, Expect Major Economies To Boost Reserves

Steve Watson
Infowars.net
Monday, March 2, 2009

Senior Officials within the Gold Industry have warned that an economic depression followed by a dollar crash is a real possibility, as they announced moves by major economies to raise their central banks’ gold reserve holdings.

Marcus Grubb, managing-director of investment research and marketing at the World Gold Council, has warned that the strength of the U.S. dollar is likely to be short-lived and has said that major developing economies such as India and China are looking toward diminishing their dollar holdings.

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