James Rickards: "When The International Monetary System Collapses--It's Going To Be About How Much Gold You Have"

``"[Countries] want physical custody of gold...[they're] positioning for the day when there's a massive loss of confidence in paper money...You're seeing it with massive acquisitions of gold by Russia and China taking place through channels that bypass the London Bullion Market Association...They're buying mines in Western Australia. They're having the ore refined right there in Australia at the Perth Mint, and then shipping the gold straight to Shanghai. They're completely bypassing the London market where they minimize their market impact, which is a smart move. That's what you would do if you were trying to buy gold and not run up the price. You would do everything in secret and that's what's going on."''