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Jeff Nielson: World Gold Council can't spell 'decoupling'
4:52p ET Thursday, August 15, 2013
Dear Friend of GATA and Gold:
With its latest report on gold demand, the World Gold Council is trying to conceal the distinction between paper gold and real metal, Jeff Nielson of Bullion Bulls Canada writes today. Gold demand can be said to have declined lately, Nielson notes, only if paper gold ownership is counted as the gold council counts it. But if only ownership of real metal is counted, demand is off the charts, he adds. That is, the world is figuring out what the World Gold Council can't admit: that paper gold is a fraud, a claim against metal that doesn't exist. Nielson's commentary is headlined "Q2 Gold Demand: WGC Can't Spell 'Decoupling'" and it's poted at Bullion Bulls Canada here:
http://www.bullionbullscanada.com/gold-commentary/26300-q2-gold-demand-w...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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