Lee Quaintance: Gold's upward revaluation can solve the big economic problems

Section:

11:25a ET Thursday, October 7, 2010

Dear Friend of GATA and Gold:

Lee Quaintance, partner in QB Asset Management in New York (http://qbamco.com/), has just written a wonderful study of how an upward revaluation of gold could be used to reliquify the Federal Reserve and the U.S. government generally, deleverage the world economy, and return strength to government currency.

Quaintance thereby elaborates on an idea developed by the British economist Peter Millar of Valu-Trac Investment Research Ltd. in May 2006 (http://www.gata.org/node/4843), hinted at by former Fed Governor Lyle Gramley in an interview with Business News Network in Canada in 2008 (http://www.gata.org/node/6989), and discussed by Omnis market intelligence director Jim Rickards in an interview with King World News last month (http://www.gata.org/node/8982).

Quaintance's study is titled "Who Is John Galt?" and he has kindly given GATA permission to share it with you at our Internet site here:

http://www.gata.org/files/QBAMCO_Who_is_John_Galt.pdf

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



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QBAMCO_Who_is_John_Galt.pdf216.33 KB