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Zero Hedge: Draghi says we have nothing to fear but gold buying itself
9:17p GMT Thursday, December 4, 2014
Dear Friend of GATA and Gold:
Zero Hedge tonight hysterically calls attention to European Central Bank President Mario Draghi's disclosure today that, as part of "quantitative easing," the bank has discussed purchasing "all assets but gold."
Zero Hedge observes: "To summarize, the ECB will willingly take on Greek bank CDOs, Italian third-lien espresso shop loans, Spanish condo HELOCs, and Portuguese used-car ABS, but not -- never -- gold."
It would have been nice if one of the reporters questioning Draghi asked him: Why not gold particularly?
Zero Hedge's commentary, with video of an excerpt from Draghi's remarks, is posted here:
http://www.zerohedge.com/news/2014-12-04/draghi-we-have-nothing-fear-gol...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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