Jim Grant: “Gold Is The Ultimate Inoculation Against Harebrained Central Bankers”…(That And Salt!!)

Wednesday, July 30, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/29/2014

“The central bank imposed interest rates are the source of global financial instability now and in the future,” warns Grant’s Interest Rate Observer’s Jim Grant, adding that “The Fed… has manipulated us into a period of quite eerie stability and measured volatility.” Grant believes, given the values (and aware of the risks) that Russian “stocks stand to do very well,” and also likes mining stocks as he warns credit markets are overvalued (especially sovereign debt). His conclusion, own gold as “it stands to benefit from the demonstrated, as opposed the theoretically likely, crack up of the [current] monetary arrangements.”

The Rest…HERE

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