CFR official: Gold is the world currency of the future

Section:

12:10p ET Wednesday, May 21, 2008

Dear Friend of GATA and Gold:

In his presentation to this month's New York Hard Assets Investment Conference, Benn Steil, senior fellow and director of international economics for the Council on Foreign Relations, predicted that gold may return as the international currency and argued that even the nation now issuing the international currency, the United States, might be better off for it.

This was a wonderful elaboration on Steil's initial suggestion via an essay in the Financial Times in January 2007, which GATA called to your attention here:

http://www.gata.org/node/4692

Resource Investor has posted Steil's presentation to the New York conference, including the charts he used, here:

http://www.resourceinvestor.com/pebble.asp?relid=42919

Given Steil's involvement with it, maybe gold bugs should reconsider their sneers at the Council on Foreign Relations.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Join GATA here:

Vancouver World Resource Investment Conference
Sunday-Monday, June 15-16, 2008
Vancouver Exhibition and Convention Centre
http://www.cambridgeconferences.com/ch_june2008.html

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