Justice Litle: Official sales won't hurt gold anymore

Section:

8:11p ET Sunday, March 1, 2009

Dear Friend of GATA and Gold:

Justice Litle, editorial director for the Taipan Publishing Group newsletters, argues in his latest essay that neither threats by the International Monetary Fund and U.S. government to sell gold nor actual sales of such gold are likely to suppress the gold price much, insofar as too many governments with huge and depreciating dollar surpluses probably would scoop up any and all gold made available that way. Litle's essay, "Why the IMF and Fort Knox Won't Put the Hurt on Gold," can be found at the Taipan Publishing site here:

http://www.taipanpublishinggroup.com/taipan-daily-022409.html


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