Australia gets a mention from GATA

Discussion in 'Gold' started by rbaggio, Apr 30, 2011.

  1. rbaggio

    rbaggio Active Member Silver Stacker

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    Interesting to see this on the front page of the GATA website:

    http://www.gata.org/node/9859

    Australia hears on TV that there are no free markets, only interventions

    Dear Friend of GATA and Gold (and Silver):

    This week Australian business journalist Peter Switzer interviewed fund manager Wesley Legrand of Grand Private Equities in Adelaide for the Sky News business channel and got from him not only some gold- and silver-friendly comments but a remark that sounded a bit familiar: "There are no free markets. There are only interventions. It happens on a daily basis." (See http://www.gata.org/node/6242.)

    It has taken GATA a long time but maybe the word is getting around.

    Legrand's comment comes at 9 minutes and 25 seconds into the interview, but it's all worth listening to. It's a bit more than 11 minutes long and you can watch it at the Switzer Internet site here:

    http://www.switzer.com.au/video/legrand-april28/
     
    rbaggio, Apr 30, 2011
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  2. PrettyPrettyShinyShiny

    PrettyPrettyShinyShiny Well-Known Member

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    Awesome video. This guy is a smart man. What I liked and it reinforced the reason to hoard metal is that you can't keep unsustainable growth going on debt.

    We're just waiting for the rubber band to snap. Silver goes berserk. Gold goes berserk. Precious metals either become the new currency (I doubt it), or a new currency is formed. We go through a depression. Everything resets and those with the metal are the ones that are in the front seat driving the bus. Everyone else will be left holding the back of unusable Aussie dollars, US dollars and every other currency.
     
    PrettyPrettyShinyShiny, Apr 30, 2011
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  3. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    + 1

    Great video!

    Wesley Legrand is a very wise man among a sea of imbeciles ...

    Much like Steve Keen
     
    Yippe-Ki-Ya, Apr 30, 2011
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  4. euphoria

    euphoria New Member

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    As a follow up to Rbaggio's post, It gets a second mention regarding silver. Maybe our media isn't too bad after all. At least segments of it.

    http://www.gata.org/node/9862

     
    euphoria, May 1, 2011
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  5. renovator

    renovator Well-Known Member

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    hahahahahah nice start to my sunday yeah steve keen is a genius hahahahaha
     
    renovator, May 1, 2011
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  6. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Wesley looks like he's played a bit of rugby in his day :)

    I'm going to have to take a closer look at this guy, thanks for the link! :cool:
     
    Clawhammer, May 1, 2011
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  7. rbaggio

    rbaggio Active Member Silver Stacker

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    +1 on this.

    For those that have not yet watched this vid, watch it.

    I suspect there are not too many in the markets with their heads screwed on like this chap.
     
    rbaggio, May 1, 2011
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  8. boneyard

    boneyard Well-Known Member Silver Stacker

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    Well spoken.

    thanks for the link.

    See the guy behind his left shoulder have a sly slug from a beer bottle @ 2.07?
     
    boneyard, May 1, 2011
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