Bloomberg: Jim Grant on the recent actions of the Federal Reserve (Video)

March 28, 2008

Jim Grant, founder and editor of the highly respected Grants Interest Rate Observer and one of the world’s leading experts on US and international interest rates and financial markets appeared on Bloomberg’s “Taking Stock” on Tuesday, March 24. He is very bearish on bonds, calling them ‘risk without return’ and quite bullish on Gold and Silver.

Gold is a Hedge Against Depredations of Our Financial Masters and a Dollar Based Calamity; In Coming Years Stocks to Struggle and Silver is the Silver Lining.

Just yesterday it was reported that South Korea’s National Pension Service plans to no longer purchase U.S. Treasuries – is this evidence of a broader trend?

Mark OByrne

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