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Dave Kranzler: Gold Smuggling In India Is Enormous

|Includes: AAU, Barrick Gold Corporation (ABX), GLD, GM, NEM, XHB

Former Wall St bond trader, real estate market expert and gold fund manager Dave Kranzler of Investment Research Dynamics was back on for another in depth podcast!

During this 40+ minute interview, Jason Burack of Wall St for Main St asks Dave about the real estate market and if it's still "recovering."

Dave talks about what's preventing the real estate market from having a real recover. Dave talks about the US Consumer and why many younger millennials cannot afford their first home.

Next, Jason asks Dave if the US economy is really recovering and Dave talks about auto sales and he thinks the US consumer has peaked because wages are not rising so no discretionary spending.

Dave talks about General Motors (NYSE:GM) and some of its problems.

Finally, Jason asks Dave about the supply/demand situation for gold and silver and why Wall St analysts do not properly cover accurate physical demand statistics out of China?

Dave reveals some juicy tidbits about the gold market including how there's evidence that Wall St smuggled a HUGE amount of gold from GLD into India to make huge premiums and fast money and that the amount of gold smuggling in India over the last 4 months was more than in the last 10 years prior to the Indian government doing stupid legislation!

To wrap up the interview, Dave talks about gold miners, why bigger miners are not normally better and gives our listeners some interesting stock picks! Enjoy!

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