Central banks care mainly about saving big banks, Sprott tells King World News

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Central banks care mainly about saving big banks, Sprott tells King World News

posted on Jul 20, 2010 09:42PM

Central banks care mainly about saving big banks, Sprott tells King World News

Submitted by cpowell on 06:13PM ET Tuesday, July 20, 2010. Section: Daily Dispatches
9:10p ET Tuesday, July 20, 2010

Dear Friend of GATA and Gold (and Silver):

Interviewed by Eric King of King World News, Sprott Asset Management Chairman Eric Sprott argues that central banking's primary objective is saving big banks, that the subdued rise in the gold price is evidence of central bank intervention against gold, that fiat currencies are steadily depreciating, and that investors should feel comfortable keeping well more than 5 or 10 percent of their wealth in real metal. You can find the interview with Sprott at King World News here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/7/20_Eric_Sprott.html

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

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