When it comes to gold, it’s often hard to tell financial journalists from pet rocks. Here’s the latest example…
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 —
— 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:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here’s what the bottles look like:
Buyers can compose their case by choosing as many as four varietals from the list here:
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at [email protected].
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“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —
— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at [email protected].
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