Again it's taken for granted that there's no questioning central banks about gold
9p ET Thursday, January 24, 2013
Dear Friend of GATA and Gold:
Analyzing tonight at GoldSeek the Bundesbank's attempt to repatriate some of Germany's gold reserves from the Federal Reserve Bank of New York, Gold Forecaster editor Julian D.W. Phillips joins those wondering whether the gold is really available or has been leased on terms preventing its recovery for years:
While serious followers of the gold market may be grateful to Phillips for at least acknowledging the possibility that the German gold has been impaired, it is discouraging that still another newsletter editor declines to try to put his own questions about gold directly to the central banks involved. The gold price suppression scheme is lying around in the open in a dozen places, requiring only a few pointed questions to be exposed and understood -- and counting most on never being questioned. Mainstream financial news organizations certainly won't do it, lest they jeopardize their central bank news sources and their invitations to central bank Christmas parties. So if even gold market newsletter editors won't press the questions, who will?
Why is financial journalism never more than idle speculation about central bank policies and practices? This isn't journalism at all. It's cowardice.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
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. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
To buy a copy of "The True Gold Standard," please visit:
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