10:32a ET Wednesday, December 17, 2008
Dear Friend of GATA and Gold:
In commentary posted today, GoldMoney founder and GATA consultant James Turk writes that the Federal Reserve's policy, announced yesterday, of "whatever it takes" is a policy of monetary debasement that has ended the dollar's bear-market rally and made precious metals the place for investment. Turk's analysis is headlined "Whatever It Takes" and you can find it in the "Founder's Commentary" section in the third column of the GoldMoney home page here:
http://goldmoney.com/en/commentary.php#current [1]
And a correction: Monday's dispatch of Doug Pollitt's essay misidentified him as part of Pollitt & Co. in Toronto. He left the firm some time ago.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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