buy facebook likes

Financial Times of London a “mere public-relations agency” – Chris Powell

The Financial Times has a less than stellar reputation when it comes to ‘balanced’ reporting about precious metals – E.D.

# # # #

“Open vaults”? Hardly. The LBMA will issue reports that no independent auditor will be permitted to check and confirm. Those reports will not account for gold swaps and leases with central banks and other bullion banks that allow gold to be counted multiple times. And the data will be three months old besides. These failings are obvious but, being a mere public-relations agency for the financial industry, the Financial Times can’t bring itself to question them. It’s all pathetic but this at least shows that the gold gangsters are getting nervous. – Chris Powell, Secretary/Treasurer of the Gold Anti-Trust Action Committee.

London Gold Traders to Open Vaults in Transparency Push

By Henry Sanderson
Financial Times, London
Sunday, February 5, 2017

https://www.ft.com/content/8c816eac-e9ff-11e6-967b-c88452263daf

# # # #

About Chris Powell:

chris powell

Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here.   This article is reprinted on The News Doctors with permission.

Best Silver Coin Prices Online

About the Author

Categories