China gold chief confirms gold price suppression by U.S.

10:14a ET Thursday, January 2, 2014

Dear Friend of GATA and Gold:

Gold price suppression is U.S. government policy to maintain the dominance of the U.S. dollar in the ongoing international currency war, the president of China's gold mining association, Sun Zhaoxue, told a financial conference in Shanghai last June.

Sun's remarks were disclosed today by gold researcher and GATA consultant Koos Jansen, who obtained them from a rough transcription provided by the SINA Financial news service.

Jansen prefaces Sun's remarks with some incisive observations of his own about whether there is manipulation of the gold market and, if so, who is responsible for it. Jansen describes himself as a believer in "conspiracy facts," since, he writes, when money and power are at stake, people conspire.

While gold price suppression can hardly be addressed by mainstream financial news organizations in the West, for years it has been a fairly common topic in the government-controlled news media in China, and Chinese news reports about gold price suppression by the United States have even been cabled back to the U.S. State Department in Washington by the U.S. embassy in Beijing:

http://www.gata.org/node/10380

http://www.gata.org/node/10416

http://www.gata.org/node/12917

That would make the West's mainstream financial news media seem even more government-controlled than China's.

Jansen's commentary and account of Sun's speech are posted at Jansen's Internet site, In Gold We Trust, here:

http://www.ingoldwetrust.ch/sun-zhaoxue-us-intends-to-suppress-gold-to-e...

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