Ex-Buba Milow on govt gold grip

In Saturday's issue of Frankfurter Allgemeine Zeitung, the former Bundesbank branch office manager Christian Milow wrote at length about "The grip of the government on gold" ("Der Griff des Staates nach dem Gold").

It is interesting that the FAZ is keen to provide so much space to the gold debate which seems to be going on. Basically, Mr Milow argues that Bundesbank gold sales would have a very limited impact upon both monetary policy and Germany's federal budget. In his analysis, which makes