Halduell.I read that Germany had 6300 tins of gold being held by the Fed but could not get even 600 tons returned. Jim Sinclair says don't be surprised if Russia and China announce they have 40,000 tons of gold and will use this to back the Yuan as the new world reserve currency to replace the US $.Over half the world's gold of 170,000 tons is in private hands in the form of jewellery and bullion.

There are over 80 pieces of paper laying claim to every oz of gold held by our financial sector. They drive down the gold price by selling off derivatives and shorting gold.

There has been panic buying of gold in Japan because of inflation fears. Total value all precious metals = $15 trillion. World GDP = $70 trillion. Gold as a proportion of average income is about the same as in 1950,so it is not over valued. Cost of production per oz = $ 950.Some are making wild predictions on future gold prices but doubling of the price is not a wild prediction even with a little stress.

Prepare yourself as I think the really big collapse will happen soon and there will be no QE to re-inflate the market. Some are saying a 90% collapse, so if you are smart,real bargains will appear. Picking the bottom is the hardest task.

I fear you may be right about an impending collapse.
Some years ago I came across an observation by someone that if the world thought the implosion of communism created an earth-shattering din, wait for the fall of capitalism.
Or to put it another way, we ain't seen nothing yet.
Another report I read more recently, and again no reference - perhaps I should start taking notes - was that Russia had leased large bank vaults in Switzerland suitable for storing gold.
The short-sighted absurdity of the West's response to Russia's reaction to the West's meddling in Ukraine is that this will likely push Russia and China into an energy deal not written in dollars. Russia has the energy, China is the market, and both are tired of being pivoted upon.
Obama is holding a busted flush. And nukes. Dangerous times.

This is really important.
http://www.counterpunch.org/2014/03/28/viewing-the-ukraine-crisis-from-russias-perspective/