BBC Reporter In Bank Of England’s Gold Vault Acts Like A Pet Rock Himself

When it comes to gold, it’s often hard to tell financial journalists from pet rocks. Here’s the latest example…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Dear Friend of GATA and Gold:

Seven years ago Queen Elizabeth was walked through the Bank of England’s gold vault with the video and still cameras rolling —

http://www.gata.org/node/12030

— and today the British Broadcasting Co. airs a two-minute video report about a recent visit to the vault by a BBC reporter.

For the reporter’s benefit a bank officer briefly reviews sample gold bars from what appears to be a display of bars from various nations, including the United States and China.

While the BBC video seems to confirm that there still really is gold in the vault, the BBC reporter asks no critical questions about it — questions like how much the Bank of England facilitates gold leasing and other interventions in the gold market, for whom, and for what purposes.

In any case, if, as some sneer, gold is just a “pet rock,” for some reason the Bank of England has custody of plenty of them, even though when it comes to gold it is often hard to tell financial journalists from pet rocks.

The BBC video is headlined “Rare Look Inside Bank of England’s Gold Vaults” and can be viewed here:

https://www.bbc.com/news/video_and_audio/must_see/51416500/bank-of-engla…

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]

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