Now that GATA can be quoted, can central banks be asked?

6:06p ET Monday, August 30, 2010 Dear Friend of GATA and Gold: For years GATA banged on the door of the Financial Times, including a meeting in London with the newspaper’s commodities reporter a year and a half ago, trying to get some attention for the international central bank gold price suppression scheme. The clamor [...]

Stewart Thompson: Central banks will push gold up to rescue asset prices

10:30p ET Tuesday, July 27, 2010 Dear Friend of GATA and Gold: In commentary posted tonight at 321Gold, newsletter writer Stewart Thompson joins those who expect central banks to revalue gold upward and devalue their own currencies. Thompson writes: “There is a middle step between quantitative easing and money printing, and it is gold revaluation. [...]

Central banks care mainly about saving big banks, Sprott tells King World News

9:10p ET Tuesday, July 20, 2010 Dear Friend of GATA and Gold (and Silver): Interviewed by Eric King of King World News, Sprott Asset Management Chairman Eric Sprott argues that central banking’s primary objective is saving big banks, that the subdued rise in the gold price is evidence of central bank intervention against gold, that [...]

Tinfoil hats are earned just by questioning central banks

11:21a ET Monday, July 12, 2010 Dear Friend of GATA and Gold: The enormity and mystery of the gold swaps recently undertaken by the Bank for International Settlements without any announcement seem to have shaken some ordinarily respectable and respectful observers into doubt. For example, for years GATA has been trying without success to get [...]

The original dollar crisis, before central banks lost all interest in gold

11p ET Tuesday, June 29, 2010 Dear Friend of GATA and Gold: Zero Hedge has posted the first part of a likely three-part essay on “the original dollar crisis” of the late 1960s and early ’70s and the current dollar crisis, written by the pseudonymous John Law. Since gold figures heavily in it, the basics [...]

Lawrence Williams: Central banks, investment houses probably rig gold

9:40p ET Tuesday, June 29, 2010 Dear Friend of GATA and Gold: MineWeb’s Lawrence Williams acknowledges at length tonight that the gold market is likely manipulated by a cabal of central banks and investment houses whose access to virtually money facilitates their fleecing ordinary investors over and over again as market regulators look the other [...]

Why central banks do care about gold: the connection to interest rates

1:46a ET Monday, June 28, 2010 Dear Friend of GATA and Gold: In his obscure academic paper published in the June 1988 issue of The Journal of Political Economy, then-Harvard Professor Lawrence H. Summers, eventually to become U.S. Treasury secretary and presidential economics adviser, explained the inverse relationship between gold and real interest rates and [...]

But Jeff Christian says central banks hardly ever think about gold

Central Banks See Growing Reserve Asset Role for Gold By Jack Farchy and Javier Blas Financial Times, London Wednesday, June 23, 2010 http://www.ft.com/cms/s/0/c897518a-7e5f-11df-94a8-00144feabdc0.html Nearly a quarter of central banks believe gold will become the most important reserve asset in the next 25 years, according to an annual poll by UBS. The result highlights the sea-change [...]

Central banks have lost their battle against gold, Sprott tells King World News

11:46p ET Saturday, May 15, 2010 Dear Friend of GATA and Gold: Interviewed for 10 minutes today by Eric King of King World News, Sprott Asset Management CEO Eric Sprott remarks that the stock market’s recent thousand-point slip signals a bear market ahead; that Europe’s trillion-euro bailout couldn’t be more gold-friendly; that debt isn’t producing [...]

Smoke, Mirrors, SDRs and Gold: Why Central Banks Cannot Tell the Truth

By Rob Kirby, GoldSeek In the following article the term Special Drawing Right [SDR] is used frequently. A brief explanation of an SDR is provided below together with its current value [which floats] in U.S. Dollars. According to the IMF: The currency value of the SDR is determined by summing the values in U.S. dollars, based [...]

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