James Turk offers World Gold Council the evidence it missed


4:25p Monday, February 19, 2007

Dear Friend of GATA and Gold:

In an interview with the Financial Times on January 15, James Burton, chief executive officer of the World Gold Council, remarked that he had "seen no evidence" that central banks were working together to suppress the price of gold. This is understandable enough, given that the head of the gold council must spend most of his time draping exquisite jewelry on fashion models at advertising shoots.

That HAS got to be a lot more fun than reading, for example, congressional testimony and the derivatives reports of the Bank for International Settlements, which is how GoldMoney founder and Freemarket Gold & Money Report editor James Turk, consultant to GATA, spends most of HIS time. So Turk has tried to help Burton and FT readers with an open letter of reply to the FT's interview, along with a little commentary, which you can find at GoldSeek here:


The World Gold Council has an annual budget of more than $60 million. For not even half that much GATA would be happy to tell women not only that the gold market is rigged but also that they shouldn't wear pearls with plaid.

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

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