Jim Grant On The Forgotten Depression [VIDEO]

Gold Stock Analysts’ keynote speaker is Jim Grant and Kitco News sits with the interest rate guru himself to see how he sees central bankers affecting gold prices this year. “My hunch is that [the Fed] will be very slow to raise its rate,” he says, adding that it will prove to be difficult for the central bank this year. “I think central banks are mainly marching to the same beat of the same drummer. The drummer is of radical intervention,” he says. Looking to gold prices, Grant says he is frustrated because he sees “clearly why gold ought to be doing better.” He says he can’t imagine how anyone can have confidence in the current doctrines of central bankers. “It seems to me that the world will eventually see that these policies are non-starters, or if they are starting they won’t end well…that for me is a simple case for gold.” Kitco News, February 23, 2015.