Fed is 'nowhere close' to raising rates and tightening, Rickards tells Kitco News

Section:

4:35p PT Monday, February 25, 2013

Dear Friend of GATA and Gold:

Market analyst and hedge fund manager James G. Rickards, author of the best-selling book "Currency Wars," today tells Kitco News' Daniela Cambone that the Federal Reserve is "nowhere close" to raising interest rates and tightening monetary conditions. Rickards adds that gold's volatility lately has been the dollar's and that gold simply should be purchased and socked away because it will do fine over time. The interview is 21 minutes long and can be viewed at Kitco News here:

http://www.kitco.com/KitcoNewsVideo/index.html?v=13-02-25_James_Rickards...

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



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