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Giustra repeats belief in gold suppression; Kitco evades in central banker interview
11:51a ET Friday, May 27, 2022
Dear Friend of GATA and Gold:
In an interview this week for his channel at YouTube, Jay Martin of Cambridge House, sponsor of the Vancouver Resource Investment Conference, interviewed mining and entertainment entrepreneur Frank Giustra and got him to repeat his recently expressed belief that the gold price has been manipulated and suppressed, though Giustra says he has only circumstantial evidence, no proof, and doesn't know who is doing the suppression.
"There are good reasons why the gold price needs to be suppressed," Giustra says, citing inflation and excessive debt.
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Of course GATA can provide the proof and identify the perpetrators, and indeed a few years ago supplied Giustra with much of that proof, which is compiled here --
-- but GATA is no longer invited to make presentations at the Vancouver conference. Presumably this is because letting investors know that, as the author and market analyst Jim Rickards said on CNBC in 2009, "When you own gold you're fighting every central bank in the world," does not always facilitate the touting of gold mining stocks at investment conferences.
Also presumably, as a zillionaire Giustra feels he has too much to lose by plainly identifying government as the perpetrator of gold price suppression. But at least he and now even Martin feel obliged to acknowledge the overwhelmingly obvious: that gold's sleepy performance lately amid roaring inflation has been counterintuitive in the extreme and can't be ignored anymore -- except maybe at the Vancouver conference.
Giustra's interview with Martin is a half hour long, with his comments on gold beginning at the 7:35 mark here:
Meanwhile, over at Kitco News, interviewer David Lin questions the former governor of the Bank of Canada, David Dodge, about the bank's liquidation of its gold two decades ago but fails to rise to the spectacular opportunity to ask a former central banker about surreptitious intervention in the gold market by central banks.
Lin's interview with Dodge is 17 minutes long and can be seen at Kitco here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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