Relevant:
- FT's John Dizard: Gold borrowed from governments or ETFs may be propping up European banks
- Central Bank Appetite And The Monetary Case For $10,000 Gold
- Capital Growth to Capital Preservation: Gold Hoarding Is a Real Possiblity
- GATA to Gartman: "If your interest is really piqued, try questioning central banks yourself"
- Dizard: Don't Worry About Iran, Worry About Central Bankers
2011-05-10 — gata.org
``Right now, thanks to the profligacy of central banks, real interest rates are negative. So why buy the two-year Treasury, let alone T-bills, rather than gold? Conservative capital preservation strategies are now ensuring only capital destruction.'' -- Dizard also illustrates (unintentionally) near the end why it is prudent to get some firearms shortly after (or even before) getting your first gold.
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