Wall Street's diversionary propaganda; and gold mine production's irrelevance

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Published : January 23rd, 2013
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Category : GoldWire

Writing at the Underground Investor, J.S. Kim details and denounces the propagranda from Wall Street that diverts investors from the one asset that protects them, the monetary metals:


And at Financial Sense, Robert Blumen dissects the elements acting on the gold price and notes that annual gold mine production has negligible influence, as gold is hoarded, not consumed like other commodities:


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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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