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Naylor-Leyland tells CNBC Europe that gold is 'a rigged market'
10:23a ET Thursday, December 22, 2011
Dear Friend of GATA and Gold:
CNBC Europe this week broadcast a spectacular interview with Cheviot Asset Management's investment director, Ned Naylor-Leyland, in which, amazingly, he was allowed to discuss the collusion of central and commercial banks "selling leveraged paper" in gold, to characterize this as "the modern manifestation of the London gold pool," to note that there may be as many as a hundred times more paper claims to gold than real metal is available, and to conclude that gold is "a rigged market."
Naylor-Leyland, who spoke at GATA's Gold Rush 2011 conference in London in August, added that market interest is shifting from paper to physical.
The interview is a little more than five minutes long and it's posted at the Cheviot Internet site here:
http://www.cheviot.co.uk/media/press/outlook-gold-2012
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Be Part of a Chance to Discover
Multi-Million-Ounce Gold and Silver Deposits in Canada
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Or call Northaven CEO Allen Leschert at 604-696-3600.
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 22-23, 2012
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://cambridgehouse.com/conference-details/vancouver-resource-investme...
California Investment Conference
Saturday-Sunday, February 11-12, 2012
Hyatt Grand Champions Resort
Indian Wells, California, USA
http://cambridgehouse.com/conference-details/california-investment-confe...
Support GATA by purchasing a silver commemorative coin:
https://www.amsterdamgold.eu/gata/index.asp?BiD=12
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
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The United States Once Again Can Establish
a Stable Dollar Worth Its Weight in Gold
Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, has released a plan to restore economic growth through a stable dollar.
The plan, titled "The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies," responds to the recurrent economic crises of the last century and outlines a detailed proposal for America's leadership on "how we get from here to there." That is, how we get from the present unstable paper dollar to a stable dollar as good as gold.
James Grant, author and editor of Grant's Interest Rate Observer, says of the Lehrman plan: "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman the country has finally found him."
To learn more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit:
http://www.thegoldstandardnow.org/gata
