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Lawrence Williams: Is any official gold data reliable?

Section: Daily Dispatches

10:13a ET Tuesday, November 27, 2012

Dear Friend of GATA and Gold:

MineWeb's Lawrence Williams today wonders whether China's gold reserve figures can be trusted -- and, indeed, whether any official gold data is relaible. Of course much of GATA's work has been to establish that almost everything "official" in regard to gold is a lie or at least misleading, with China's long misreporting of its gold reserves being a prime example --

http://www.gata.org/node/9545

-- so it's good to see doubt becoming respectable. Williams' commentary is headlined "Can We Trust China's Gold Reserve Figures -- or Anyone Else's Either?" and it's posted at MineWeb here:

http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Opinion Around the World Is Changing
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When Deutschebank calls gold "good money" and paper "bad money". ...

http://www.gata.org/node/11765

When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...

http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...

When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...

http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...

When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...

http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...

When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...

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