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Jan Nieuwenhuijs: Central banks need a higher gold price
11:15a ET Tuesday, April 7, 2020
Dear Friend of GATA and Gold:
Many central banks lately have been buying gold and have begun to want a higher gold price, Voima Gold researcher Jan Nieuwenhuijs writes today, to generate inflation, devalue the excessive debt hampering the world's economy, and strengthen their own balance sheets.
Nieuwenhuijs pointedly notes that the United States has not lately made any favorable nods to the monetary metal.
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Nieuwenhuijs' conclusion matches the analysis offered in 2012 by the U.S. economists Paul Brodsky and Lee Quaintance --
http://www.gata.org/node/11373
-- the analysis offered in 2006 by the Scottish economist Peter Millar --
-- and your secretary/treasurer last month:
Nieuwenhuijs' commentary is headlined "Jan Nieuwenhuijs: Central Banks Need a Higher Gold Price" and it's posted at Voima Gold here:
https://www.voimagold.com/insight/jan-nieuwenhuijs-central-banks-need-a-...
It is offered as a preface to an interview he recently gave to a Polish financial news organization that is published in English here:
https://strefainwestorow.pl/artykuly/wywiady/20200406/gold-crisis-corona...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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