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Wall St For Main St

Wall St for Main St is a start up investor education, financial education, research and consulting company. We provide alternative financial information, research, education and consulting to Main Street investors using uncommon wisdom like the Austrian School of Economics. Our goal is teaching people how to fish for themselves instead of trusting their financial adviser for everything. We interview top investors, traders, money managers, financial commentators, economic experts, authors, CEOs and newsletter writers from around the world to discuss the latest events in the global economy and financial markets.
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Turd Ferguson: China May Not Announce Updated Gold Reserves Anytime Soon 0
May 12, 2015
Turd Ferguson: China May Not Announce Updated Gold Reserves Anytime Soon

Jason Burack of Wall St for Main St had on returning guest Craig Hemke aka Turd Ferguson of the TF Metals Report http://www.tfmetalsreport.com/ to talk about the gold market and China.

During this 20+ minute interview, Jason asks Craig if he thinks the Shanghai Gold Exchange will eventually replace the LBMA and COMEX for setting the global gold price. Craig thinks it's inevitable and a question of when and not if this happens.

Next, Jason asks Craig where he thinks all the gold the US exports is coming from?

Craig says the US and UK are both exporting way more gold than they mine per year.

Jason and Craig discuss the SDR, metals markets and the global financial system and what role China is going to play going forward.

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