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In Sprott Money News interview, Marc Faber comes close to earning a tin-foil hat
10p ET Monday, July 22, 2013
Dear Friend of GATA and Gold:
In an interview with Sprott Money News, financial letter writer Marc Faber says there's "something funny" happening with gold, especially insofar as the German Bundesbank seems unable to get its gold back from the Federal Reserve Bank of New York in less than eight years. (Faber might have added that even then the Bundesbank will have gotten back only 20 percent of the gold it supposedly has vaulted at the New York Fed.)
Faber also speculates about the possibility that governments could confiscate gold from their citizens, pay cash for it, and then revalue it upward -- he suggests a thousand percent -- thereby ripping everyone off, as the U.S. government did in 1933.
Another couple of interviews like this and Faber may qualify for a provisional tin-foil hat.
The interview is posted at the Sprott Money Internet site here:
http://www.sprottmoney.com/news/ask-the-expert-marc-faber-july-2013
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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