Mining exec Hambro tells Bloomberg that 'paper gold' isn't real metal

Section:

11:04a ET Wednesday, September 9, 2015

Dear Friend of GATA and Gold:

Mining entrepreneur Peter Hambro, founder and chairman of the Russian mining firm Petropavlovsk, today explained to a couple of Bloomberg Television journalists the difference between "paper gold" and real metal in hand. The former, Hambro noted, carries serious counterparty risk. Hambro also noted that central banking has turned into the propaganda business, the business of "managing expectations."

The interview with Hambro is a little less than 5 minutes long and can be viewed at the Bloomberg News Internet site here:

http://www.bloomberg.com/news/videos/2015-09-09/is-gold-still-a-safe-hav...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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