"It was an interesting interview with Egon von Greyerz that you had on KWN in the last couple of days. I know him quite well and I can tell you I have the highest regard for him. He was talking about the man that went to his Swiss bank to get his allocated gold out, and they couldn’t give him the gold because the bank didn’t have it.
"What he didn’t mention in his interview is that when the customer finally got his gold, it was 2011 minted bars. This made no sense because he had been holding the allocated gold for years. That’s just another example that even the allocated gold in the banking system has probably been loaned out. Many of these customers will wake up one day and realize they entrusted their gold to the wrong people.”