The Economist does its part to mislead about gold

Section:

12:52p ET Thursday, May 7, 2015

Dear Friend of GATA and Gold:

Disinformation and information suppression about gold have intensified in recent weeks, and as might be expected, The Economist is doing its part, this time with commentary in its May 2 edition headlined "Gold Prices: Buried -- Russia Is Buying Gold But Few Others Are."

The commentary ignores that vast increase in gold imports by China and India, along with the purchases by central banks apart from Russia's that have turned central banks from net sellers to net buyers.

While gold's counterintuitive price performance is mentioned, The Economist attributes this only to a supposed proliferation of investment options, as if investors haven't always had alternatives to government currencies and the monetary metals.

The Great Unmentionable, of course, is surreptitious central bank selling of gold and gold derivatives, which, while fully documented by GATA here --

http://www.gata.org/node/14839

-- must be ignored as The Economist upholds the first rule of mainstream financial journalism: Never put a critical question to a central bank, especially a critical question about gold.

The Economist's commentary is posted here:

http://www.economist.com/news/finance-and-economics/21650189-russia-buyi...

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



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com



Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16