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cnbc airs prediction of default in paper gold

  1. nitetrader
    945 Posts.
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    08/10/08
    06:45
    Post #: 4357091
    CNBC airs prediction of default in paper gold

    Submitted by cpowell on 05:48AM ET Tuesday, October 7, 2008. Section: Daily Dispatches
    8:45a ET Tuesday, October 7, 2008

    Dear Friend of GATA and Gold:

    CNBC today gave a few minutes to Swiss Asia Capital CEO Jurg Kiener to talk about gold, and he noted the disparity between the explosive physical market price and the sluggish paper market price, blamed the speculation of Wall Street banks for the latter, and predicted the failure of the paper market and the quick doubling of the gold price. You can watch the interview here:

    http://www.cnbc.com//id/15840232?video=880574352&play=1

    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc.
    Value at posting: $11,720
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