A transcript of the April 12th Precious Metals Market Report with special guest Chris Powell of GATA is available to Subscribers!
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From the transcript:
Catherine: Franklin, I’d like you to introduce our topic. We’re talking tonight about why invest in a managed market, and before we bring Chris Powell in, maybe if you could give everybody your “why invest in a managed market in a nutshell” speech.
Franklin: Well, the way I think about it is this way. If there’s a knife fight going on and you’re trying to make a bet, trying to decide which of the two fellows you want to bet on, and there’s a little, bitty, skinny guy with a penknife and there’s a great, big, well-muscled, flexible, quick fellow with a 24 inch bowie knife, who are you going to back? When I look at the Federal Reserve against the economy, I know who to back. The Federal Reserve is not going to win. They’re going to keep on inflating. That’s what drives the gold market and I have to bet on the biggest player.
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