Two chess moves away from capital controls

Jeff Clark: Two chess moves away from capital controls

Submitted by cpowell on Tue, 2013-01-29 21:35. Section: Daily Dispatches

4:34p ET Tuesday, January 29, 2013

Dear Friend of GATA and Gold:

Casey Research's Jeff Clark today offers a reason that might have motivated the Bundesbank to repatriate some of Germany's gold reserves: that the currency crisis the Bundesbank mused about the other day could bring with it capital controls that would impair repatriation of anyfinancial assets. Clark concludes that the prospect of capital controls invites gold investors to get some of their metal out of their home countries. His commentary is headlined "Two Chess Moves Away from Capital Controls" and it's posted at Casey Research's Internet site here:

http://www.caseyresearch.com/cdd/two-chess-moves-away-capital-controls

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