You are here
Pierre Lassonde must not know the right central bankers
8:21a ChST Thursday, October 10, 2013
Dear Friend of GATA and Gold:
Gold mining entrepreneur Pierre Lassonde, a former chairman of the World Gold Council, this week told MineWeb's Geoff Candy that central bankers hardly ever think about gold, much less think about the manipulation of its price.
"When I was chairman of the World Gold Council," Lassonde says, "one of my goals was to get closer to the central bankers and I tried to understand what goes on in their heads and try to help them with the management of their gold reserves, or their lack of reserves. ... I made many trips to China, to Beijing, to talk to the chief central banker there. ... Ninety-nine point nine percent of the central bankers I know don't even know they have gold in their vault. They don't spend one millisecond thinking about gold during the day. It's not on their agenda, so to think that they try to manipulate gold to suppress the gold price -- forget it. They don't even think about it."
MineWeb's interview with Lassonde is here:
http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=2081...
Of course maybe the central bankers known to Lassonde are not the ones known to staff members of the International Monetary Fund, who surveyed central bankers in 1999 and, in a secret report to the IMF board, reported that the central bankers were desperate to conceal their gold swaps and leases lest transparency about their gold reserves impair their surreptitious interventions in the gold and currency markets:
http://www.gata.org/node/12016
Meanwhile this week fund manager and geopolitical strategist James G. Rickards, author of the recent book "Currency Wars," who has held U.S. government security clearance, told the Canadian Broadcasting Corp.'s "The Lang and O'Leary Exchange" program that central bankers do think very much about gold. Rickards said "fine art" is a good investment these days because it "behaves the way gold would behave if central banks didn't intervene, because central banks don't care about fine art." The interview with Rickards is six minutes long and is posted at the CBC Internet site here:
http://www.cbc.ca/player/News/Business/Lang+%26+O%27Leary+Exchange/ID/24...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Buy metals at GoldMoney and enjoy international storage
GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:
http://www.goldmoney.com/?gmrefcode=gata
Join GATA here:
Louis Boulanger Now Seminar
Visitors Center, Holy Trinity Parnell
Auckland, New Zeland
Sunday, October 13, 2013
http://www.gata.org/files/GATAInNewZealand.pdf
Gold Investment Symposium 2013
Luna Park Conference Center, Sydney, Australia
Wednesday-Thursday, October 16-17, 2013
The Silver Summit
Davenport Hotel, Spokane, Washington
Thursday-Friday, October 24-25, 2013
http://www.cambridgehouse.com/event/silver-summit-2013
Mines and Money Australia
Melbourne Conference and Exhibition Centre
Tuesday, October 29-Friday, November 1, 2013
New Orleans Investment Conference
Sunday-Wednesday, November 10-13, 2013
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
https://jeffersoncompanies.com/landing/speakers?IDPromotion=613011610080...
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
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:
To contribute to GATA, please visit:
How to profit with silver --
and which stocks to buy now
Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.
Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.
To learn about this report, please visit:
http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...
