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Gold will benefit as markets doubt central banks, Stockman tells KWN
10:44p ET Wednesday, October 2, 2019
Dear Friend of GATA and Gold:
Former U.S. budget director David Stockman tells King World News today that gold will benefit as investors increasingly suspect that central banks can't keep all the financial bubbles inflated.
Stockman says: "Relative to the size of the financial markets -- there's $250 trillion of debt and the equity markets total $80 trillion -- if you add them all up, call it nearly $350 trillion of debt and equity market value in the global financial system -- the value of all the gold in the world is a tiny fraction of all of that."
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Just a small shift from those markets into gold, Stockman adds, will have a big impact on the price of the monetary metal.
That is, if the shift moves into real metal and not just more paper.
Stockman's interview is posted at KWN here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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