Interviewed for 14 minutes today by Eric King of King World News, Omnis market intelligence chief Jim Rickards comments further on the essay by former U.S. Treasury Department and Federal Reserve official Edwin M. Truman advocating that the United States should sell its gold reserves. (See http://www.gata.org/node/9150.) Rickards construes Truman's essay to mean that the U.S. political and financial establishment isn't thinking about using gold to restore some strength to the dollar and as a result the dollar will collapse and the world monetary system's return to gold will be chaotic rather than rational.

Maybe, but that is to take Truman's essay at face value rather than as manipulative disinformation, which most official and semi-official commentary about gold has been for many years.

In any case, Rickards also remarks that its gold reserve makes the United States a gold superpower, the more so since the United States has custody of the gold reserves of many other countries, which, he says, could be commandeered in pursuit of U.S. policy.

Rickards credits GATA for documenting how governments long have suppressed the price of gold but, like market analyst Stewart Thompson, among others, he believes that the U.S. government now wants gold to rise as the best mechanism for devaluing the dollar against the currencies of its trading partners.

King's interview with Rickards may be the most relevant and compelling journalism in the financial markets this week and you can listen to it at King World News here: