Jim Rickards: Why the U.S. is helping China accumulate gold

Section:

8a ET Tuesday, March 3, 2015

Dear Friend of GATA and Gold:

Writing for the Daily Reckoning, fund manager, economist, author, and newsletter writer James G. Rickards elaborates on his oft-expressed view that gold price suppression by central banks lately has been an arrangement between the U.S. and Chinese governments by which the latter hedges its grotesque foreign exchange surplus of dollars in advance of a devaluation and an international currency reset. Rickards' commentary is headlined "Why the U.S. Is Helping China Accumulate Gold" and it's posted at the Daily Reckoning here:

http://dailyreckoning.com/u-s-helping-china-accumulate-gold/

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



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