World Gold Council fails to ask Greenspan about central bank intervention against gold

8:54p ET Saturday, February 18, 2017

Dear Friend of GATA and Gold:

With the February edition of its newsletter, Gold Investor, the World Gold Council inadvertently proclaims its uselessness by interviewing former Federal Reserve Chairman Alan Greenspan about gold without ever asking him about the largely surreptitious involvement of central banks in the gold market and the objectives of that involvement.

This is an especially spectacular failure in light of Greenspan's admission of that involvement in his testimony to Congress in July 1998, wherein he acknowledged that central banks are prepared to lease gold in "increasing quantities" to suppress its price:

https://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm

Of course the World Gold Council isn't alone in avoiding these crucial questions. These questions are prohibited throughout the mainstream financial news media. Indeed, it has begun to seem that Greenspan conditions interviews on pledges not to ask him about the surreptitious intervention of central banks in the gold market, though such interventions have been extensively documented by GATA for many years, as here:

http://www.gata.org/node/14839

But mainstream financial news organizations don't purport to be representing gold producers and investors as the World Gold Council does. Once again the World Gold Council has indicated that it exists primarily to ensure that there never is a world gold council.

The World Gold Council's February newsletter is posted in PDF format here --

http://www.gold.org/download/file/5497/Gold_Investor_February_2017.pdf

-- with the Greenspan interview beginning on Page 11.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org