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Austrian Nat.Bank asked – Never ask about Gold again

Posted by frr @ 13:17 on May 7, 2015  

… and that was about 12 y’s ago.

“While gold’s counterintuitive price performance is mentioned, The Economist attributes this only to a supposed proliferation of investment options, as if investors haven’t always had alternatives to government currencies and the monetary metals.

The Great Unmentionable, of course, is surreptitious central bank selling of gold and gold derivatives, which, while fully documented by GATA here —

http://www.gata.org/node/14839

— must be ignored as The Economist upholds the first rule of mainstream financial journalism: Never put a critical question to a central bank, especially a critical question about gold.”

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.