Central banks still leasing gold they have never had

Central banks still leasing gold they'll never recover, Sprott says

Submitted by cpowell on Fri, 2012-08-24 18:28. Section: Daily Dispatches

2:25p ET Friday, August 24, 2012

Dear Friend of GATA and Gold:

Sprott Asset Management's Eric Sprott today tells King World News he suspects that some central banks are still leasing gold to quell the gold price and they'll never get it back, and they'll lose it sooner as markets realize that the world financial system is bankrupt and dependent on bailouts. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/8/24_Sp...

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