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Trying again with a mainstream financial journalist who should know better
Friday, April 9, 2021
John Authers
Bloomberg News
New York, N.Y.
Dear Mr. Authers:
Your column today at Bloomberg News, ""Bitcoin is Displacing Gold as an Inflation Hedge" --
https://www.bloomberg.com/opinion/articles/2021-04-09/bitcoin-is-displac...
-- asks if there are songs about bitcoin. A few years ago the comedian Remy produced this rap video about it:
https://www.youtube.com/watch?v=UG7zLhEWanc
Regarding alternatives to government currencies, have you ever considered the influence of the largely surreptitious intervention in the gold market by governments and central banks in the implementation of their longstanding policy to prevent gold from competing with government currencies?
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A recent summary of the history and documentation of this policy is here:
Gold market intervention seems to be a prohibited subject at Bloomberg News. But the gold price really cannot be accurately analyzed without accounting for it, and this intervention has a profound influence on all major markets.
With good wishes.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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