German Gold-Not Last One Holding the Bag-Tom Cloud

thomas-cloud-200x300Greg Hunter’s 

Germany recently announced it was moving some of its gold back to the homeland.  Investment manager Tom Cloud says, “People are starting to pull away and take care of themselves. . . .  You don’t want to be the last guy holding the bag.”  In his 35 years of investing, Cloud says, “I am now seeing countries buying gold that are talking to me. . . We have banks buying the heaviest they have ever bought.”  When it comes to silver, Cloud contends, “There is a real shortage out there. . . . You’ve got industrial buyers competing with the investor.”  Cloud predicts, “There will be a time we’ll see a parabolic rise in the price of gold and silver, but we’re not there yet.”  Join Greg Hunter as he goes One-on-One with Tom Cloud of

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  1. jc davis

    Greg: 3 years ago I started collecting silver coins from small stores to bank tellers. In the last month they have all started collecting silver themselves. I may have to wait till the mint produces some more silver. I see a day soon when silver, and gold will be outlawed to own. after all it is more dangerous to fake money then a gun..

    • Greg

      JC Davis,
      You cannot go wrong holding real money. The upside is tremendous given the current state of affairs in the U.S. Look at what the House of Reps. just did. Suspended the debt ceiling–again!!

    • Troy

      That would NEVER happen 😉

      The Gold Confiscation Of April 5, 1933
      From: President of the United States Franklin Delano Roosevelt
      To: The United States Congress
      Dated: 5 April, 1933
      Presidential Executive Order 6102

      Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates By virtue of the authority vested in me by Section 5(b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled

      An Act to provide relief in the existing national emergency in banking, and for other purposes~’,

      in which amendatory Act Congress declared that a serious emergency exists,

      I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:

      Section 1. For the purpose of this regulation, the term ‘hoarding” means the withdrawal and withholding of gold coin, gold bullion, and gold certificates from the recognized and customary channels of trade. The term “person” means any individual, partnership, association or corporation.

      Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:

      (a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.

      (b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins.

      (c) Gold coin and bullion earmarked or held in trust for a recognized foreign government or foreign central bank or the Bank for International Settlements.

      (d) Gold coin and bullion licensed for the other proper transactions (not involving hoarding) including gold coin and gold bullion imported for the re-export or held pending action on applications for export license.

      Section 3. Until otherwise ordered any person becoming the owner of any gold coin, gold bullion, and gold certificates after April 28, 1933, shall within three days after receipt thereof, deliver the same in the manner prescribed in Section 2; unless such gold coin, gold bullion, and gold certificates are held for any of the purposes specified in paragraphs (a),(b) or (c) of Section 2; or unless such gold coin, gold bullion is held for purposes specified in paragraph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant for license pending action thereon.

      Section 4. Upon receipt of gold coin, gold bullion, or gold certificates delivered to it in accordance with Section 2 or 3, the Federal reserve bank or member bank will pay thereof an equivalent amount of any other form of coin or currency coined or issued under the laws of the Unites States.

      Section 5. Member banks shall deliver alt gold coin, gold bullion, and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal reserve banks of there respective districts and receive credit or payment thereof.

      Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion, and gold certificates delivered to a member bank or Federal reserve bank in accordance with Sections 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal reserve banks.

      Section 7. In cases where the delivery of gold coin, gold bullion, or gold certificates by the owners thereof within the time set forth above will involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his discretion, extend the time within which such delivery must be made. Applications for such extensions must be made in writing under oath; addressed to the Secretary of the Treasury and filed with a Federal reserve bank. Each applications must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion, and gold certificates in respect of which such application is made and the facts showing extension to be necessary to avoid extraordinary hardship or difficulty.

      Section 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations as he may deem necessary to carry the purposes of this order and to issue licenses there under, through such officers or agencies as he may designate, including licenses permitting the Federal reserve banks and member banks of the Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or hold in trust gold coin or bullion to or for persons showing the need for same for any of the purposes specified in paragraphs (a), (c), and (d) of Section 2 of these regulations.

      Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.

      This order and these regulations may be modified or revoked at any time.
      Franklin D. Roosevelt
      President of the United States of America
      April 5, 1933

  2. JRMFL

    The Republicans in the House will bow down on the debt ceiling later today.

    Bernanke told them to to do so a week ago.

    Globally the rule is print, print, print, and there is nothing that will be done to stop this ruinous path to the Crack Up Boom.

    All political opposition to unlimited debt creation and money printing has been routed. The GOP is hardly making a pretense any more of being in opposition of the debt-to-the-moon agenda.

    Democracy, Fair and Just Rule of Law, Future Generations, the Middle Class, Working Class, Small to Medium Businesses…. is under assault and attack.

    All pretense has been dispensed with over the past few months… simply putting out the Debt Fires with more gasoline is our cure and like Germany in 1922, we are quickly heading towards 1923 and complete and total destruction of the Dollar.

    The Punch Bowl has been laced with Guyana Punch.

    And they are drinking it up…

    Gene VI popped up on the radar recently –

    Another threat to the Food supply – Researchers found Gene VI in 54 of the 86 GM crops currently approved in the US.

    It seems somewhat remarkable to this observer that physical shortages of Food are being overlooked and the remains are known to be toxic , mutant strains…

    Silver shortages may in fact be appearing, this is of no real surprise as the race to de-industrialize the Anglo-Sphere is well under way. Mining output is collapsing, demand is increasing, money/credit creation appears to be leaping up the parabola…

    I would gladly hand over Silver for non-transgenic food, that day may not be too far ahead. $400 – $500 per ounce has been an extension target of mine since 2001, $4,600 for Gold with the ratio collapsing to less than 8 to 1 quite possible.

    It would seem many of the “things we need” will be in short supply if the present course is not adjusted shortly.

    • Greg

      You are sadly correct sir. Good call. Thank you for the comment and for adding content to this site!!

  3. JRMFL

    House Debates Debt Ceiling –

    Theater of the Absurd.

    Where is the “Debt Downgrade”?

    Or does it arrive after the Markets hiccup and everyone has tipped that side of the Bond boat… Dangerous times indeed.

  4. Charles H.

    “People aren’t thinking straight.” ‘There’s going to be a class warfare, no doubt about it.’ I hate to say this – but Greg: you are on the forefront of reality. It’s you and Jim Sinclair.

    • Greg

      Charles H.
      Sinclair far exceeds my knowledge of the markets. Thank you for putting me with him. Sinclair is a good man!!! And very, very smart!!!!!!

  5. AndyB

    Gregg: there are far too many clues over the years, as unearthed by GATA and others, that point to Western CB gold holdings as a fractionalized Ponzi. It is only a matter of time for a true epiphany of the loss of most sovereign gold. My supposition is that most holdings, most recently, have gone to the ME or Asia, and formerly to the various Rothschild family vaults.

    • Greg

      Andy B.
      GATA is spot on and I am sure a thorn in the side of global bankers. This gold (and silver) suppression game cannot and will not last. Eventually the market will correct it all.

  6. Troy

    If France and the US have more claims than Gold, perhaps one solution is the invade Mali. Following the opening of several new gold mines, Mali is now Africa’s third largest gold producer.

    • Greg

      Excellent point Troy, but it will never get reported that way.

  7. JRMFL

    Troy, Mail was invaded for precisely that reason… 84.1% of its Economy is GOLD.

    Al CIA_aid_us at it again and the French finally beat us to the punch for once…

    Who is the largest terrorists group on the planet?

    Why, we are of course… spreading Democracy one deviant non-aligned Central Bank at a time. Not to mention all the Gold accumulated by non-aligned has simply gone missing…

    Countries who maintain state-owned Central Banks: Cuba, Iran, North Korea, Sudan & Syria

    Recently Aligned Central Banks: Afghanistan, Iraq, Libya & South Sudan

    State-owned central banks who are non-aligned: Lebanon, Somalia & Venezuela

    It is interesting to note an Anglo Bank was established in Benghazi while the country was still at war… All those who bought into the Iraqi Dinar Scam have since discovered… there is no value to currency unless it is under Anglo control. It could make interesting wallpaper I suppose.

    The simple FACT is there is far more GOLD than the World Gold Council lets on… all one has to do it a bit of research, the facts appear… they are remarkably transparent.

    The good news is there has been many decades to digest all the supply,

    In fact, the original SDR was a certificate… which represented 1/35 unit of account in Gold. There were several tiers for exchange price.

    Gold will not back any currency until the paper plunder is complete, only then will it be of use in preserving what was transferred. This is when you need “honest Money”.. and not before, this irony is lost on most Gold Hoarding Seditionists.

    And I do believe it is safe to suggest, they will be coming for it as well as the rest of your worldly possessions of any intrinsic Value.

  8. Charleston Voice

    German Bundesbank: Co-conspirator in US Federal Reserve’s Gold Heist

  9. Dang

    This trillion dollar coin idea yes is laughable to no end. But then theres the law an this one is done everyday by banks an its legal. Right now what is so laughable is after thes 2008 market collapse. An all the money the gov chased it with. There should be no major banks in the usa in trouble. What iam talkingh about is fractul reseve banking. All the gov had to do is this problem solved. The U.S. Gov the treasury print inject say Just 1 trillion dollars in the big banks just by opening up a checking account there an leaving it there. Next by law this bank can lend out a factor of 10 times that amount hence 10 trillion dollars. If the gov did this to all the major banks there be money no loan an the economy be healthy. an if the some banks no wanted to lend all the gov had to do is pull there checking account an go to another bank thus making the people money in the gov safe. But no they had to even practicly burn the money so no body in america would get it. I say 90% of the money went to buy gov treasury bonds an the other went over seas to foreign banks.

  10. M

    If it is going to da moon , why are you selling it instead of sitting on it ? It is going too infinity and beyond right ? Is the pump dump and pump again plan ?

    • Greg

      Cloud is buying for his clients.

  11. Nichole

    Great video Greg. I really enjoyed listening to Tom’s perspective.

    Yesterday I visited the Philadelphia mint. After showing my I.D. to the armed guard outside the building. After going through all the security I entered looked to my left to see a large group on young Chinese students finishing their tour of the mint. All over the mint there are “exit” signs and other instructions translated in Chinese.

    Normally in America the signs are in Spanish. I just couldn’t help wonder why are these were in Chinese? Why are these young students so interested in understanding our monetary system? Probably the same reason I am. (smiles) They get the economic uncertainly of the situation and feel somehow by learning about the process they will make better decisions.

    I agree a “class” war is coming. My husband and I work very hard to stay in the middle class and we are starting to feel like it is unfair to be taxed so the government can buy votes from the poor. They are clearly enabling them not helping them. I mean if you could claim unemployment up to 2 years why would you want to work for anything?

    Furthermore, I choose not to work for money because when my husband and I combine our tax rate it is nearly 56%! I am better off starting a business buying assets that offer tax savings like real estate. Its a hard asset and cheap right now. Oh, and I don’t have to pay capital gains on physical metal because its not a investment its a “historical asset” I do believe that is how the Big Bernanke explained it when Ron Paul asked him if it was money.

    I really enjoy participating on your site. Please keep up the great work!

    • Greg

      Thank you for the story about the mint, sharing your perspective and for your support!!! Nice to have you here.

  12. JoeJustJoe

    NUGT . . . (This is Greg Hunter I have deleted the rest of this comment.)

    • Greg

      Verifiable real name is required from you to give trading advice and criticism.

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