Jim Richter: Central bankers care a lot about gold, their deadly enemy
June 23, 2010 by goldguru · Leave a Comment
10:20a ET Wednesday, June 23, 2010
Dear Friend of GATA and Gold:
Astounded by a recent comment by CPM Group executive Jeffrey M. Christian that central bankers hardly think about gold at all, Jim Richter, editor of The Richter Report, today provides a comprehensive explanation, supported in the historical record, as to why central bankers care very much about gold and even perceive it as their deadly enemy. Richter’s commentary cites the academic study written by then-Harvard professor and future Treasury Secretary Lawrence Summers, “Gibson’s Paradox and the Gold Standard,” and draws on GATA’s work. Richter’s commentary is headlined “A Look at Gibson’s Paradox and Gold” and you can find it at The Richter Report’s Internet site here:
http://www.therichterreport.com/content.php?id=328&menu_id=15&menu_item_…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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