Paper metals markets will blow up

Paper metals markets will blow up, Rickards tells King World News

Submitted by cpowell on Sat, 2011-02-26 16:55. Section: Daily Dispatches

11:53a ET Saturday, February 26, 2011

Dear Friend of GATA and Gold (and Silver):

Market analyst Jim Rickards today gives a wide-ranging interview to King World News, remarking, among other things, that the oil market is heavily manipulated by governments, that governments use the paper gold markets to quash the gold price, that the International Monetary Fund has developed a detailed plan for global "quantitative easing" using Special Drawing Rights, that the Federal Reserve is "a large propaganda machine," that it's "just a matter of time" before the arbitrage between paper and physical precious metals markets blows up, and that precious metals investors can protect themselves against expropriation only by taking delivery. It's a great interview, about 23 minutes long, and you can listen to it at the King World News Internet site here:

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/2/26_Jim_R...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.