Prohibited question: What are central banks doing in the gold market?


2:09p ET Tuesday, October 20, 2015

Dear Friend of GATA and Gold:

Attending the London Bullion Market Association conference in Vienna, Austria, Daniela Cambone of Kitco News gets six minutes to interview one of the two executive directors of Austria's central bank, Peter Mooslechner. Central bankers seldom make themselves available for questioning, so interviews with them are great journalistic opportunities. But Cambone declines to ask Mooslechner about surreptitious gold trading and intervention in the gold market by central banks. Instead Cambone asks him to review information about the Austrian central bank's partial repatriation of its gold reserves, information already known.

What are central banks doing in the gold market? It's the most compelling question for gold investors and indeed for investors everywhere, but few journalists want to know. Indeed, it seems as if not posing the question is the prerequisite of getting an interview with a central banker.

The wasted six minutes can be passed again at Kitco's Internet site here:

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


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