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Cazenove's Robin Griffiths: Central banks lost their gold trying to suppress it
3:10p ET Tuesday, September 17, 2013
Dear Friend of GATA and Gold:
Today we cordially welcome another member to the ranks of tin-foil hat wearers -- Robin Griffiths of Cazenove Capital Management in London, who, writing at King World News, acknowledges the Western central bank gold price suppression scheme.
Griffiths writes of the gold market: "Central banks have been trying to disrupt the bull move but they have simply ended up with nothing in their vaults. They have lent out or sold so much of the precious metal that it would take seven years of production to rebuild their reserves to the levels they were at two years ago."
Griffiths' commentary is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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