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Central banks irrelevant? Doug Casey says yes but his chief economist disagrees
7:19p ET Wednesday, January 28, 2015
Dear Friend of GATA and Gold:
At the New Orleans Investment Conference in October, Casey Research founder Doug Casey declared that central bank interventions in markets are irrelevant, as are central banks themselves. But in an interview with Dennis Miller, editor of the Casey Research newsletter Miller's Money Forever, the firm's chief economist, Bud Conrad, describes some of those interventions and concludes: "There are no markets, only interventions."
What a concise way of putting it. And how good that Casey Research allows analysis as well as mere pontificating.
Miller's interview with Conrad is headlined "The Age of Intervention Continues" and it's posted at the Miller letter's Internet site here:
http://www.millersmoney.com/editorial/the-age-of-intervention-continues
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore
Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
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Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.
Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173)
To invest or learn more, please visit:
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Mining Investment Asia Conference
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Wednesday-Friday, March 18-20, 2015
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Monday-Friday, March 23-27, 2015
http://www.minesandmoney.com/hongkong/
* * *
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