JIM GRANT: GOLD IS THE ALTERNATIVE TO CENTRAL BANKING & THE WAY TO SHORT THE FED!
APRIL 24, 2013
The Interest Rate Observer’s Jim Grant was back on CNBC Tuesday, again discussing the manipulation of interest rates and The Fed. When asked by Maria whether The Fed is getting ready to stop QE this summer, Grant responded that “they’re just getting into it!”
On gold, Grant stated: I’m still bullish, gold is THE ALTERNATIVE to Central banking! It’s the way to get short Central banks! The single fundamental of the gold market is aggressive, unprecedented money printing and the institution of managed currency. As long as that remains in place, you are compelled to look at an alternative to Central Banks if you are serious about retaining the money you’ve earned, the principle alternative to Central banks is the ancient monetary asset they can’t create!