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The simple commodity case for gold
12:26a ET Tuesday, September 22, 2009
Dear Friend of GATA and Gold:
Interviewed last Friday on video by Paula Skypala of the Financial Times, Evy Hambro, managing of the BlackRock Gold and General Fund, made the simple commodity case for gold. That is, production is steadily falling because the price isn't high enough to make exploration and new production profitable, and any new production will take years. This doesn't take central bank dishoarding into account, but then that dishoarding is itself in sharp decline. You can watch the interview with Hambro at the FT's Internet site here:
http://www.ft.com/cms/86a30e34-dfd5-11dc-8073-0000779fd2ac.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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