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Central banks controlling advance of gold, silver, fund manager Fitzwilson says
10:30a ET Tuesday, March 27, 2012
Dear Friend of GATA and Gold:
Fund manager Robert Fitzwilson today gives King World News his impression of central bank intervention in the monetary metals markets: "There is a limit that central banks have imposed on the price of gold and silver. When it gets to that limit, the central banks pile in and drive the price of gold and silver back down. The smart central banks then buy the bullion at incredibly cheap and subsidized prices. ... The advance in gold and silver is being managed."
We'd give that man a tin-foil hat but we're on back order.
Fitzwilson also comments on the burgeoning currency swaps being engineered by countries worried that they could get shut out of the U.S.-dominated Western financial system. An except from his interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Golden Phoenix Discusses Royalty Mining Growth Strategy
on '21st Century Business' on Fox Business Network
Golden Phoenix Minerals Inc. has discussed its royalty mining growth strategy on the Fox Business Network program "21st Century Business" with host Jackie Bales. Golden Phoenix's director of corporate communications, Robert Ian, told how the company narrows its focus to project generation and future royalty streams. He explained why Golden Phoenix believes it's better to own joint-venture interests in several producing mines instead of full exposure to just one project.
"21st Century Business" has been airing for 15 years. Previous hosts have included Gen. Alexander Haig, Gen.l Norman Schwarzkopf, and Secretary of Defense Caspar Weinberger. Golden Phoenix appeared as paid programming on this broadcast.
To view the program with Golden Phoenix, please visit Golden Phoenix's Internet site here: