While bigwigs from Franco-Nevada's Pierre Lassonde to crypto-anarchist
Doug Casey insist that central banks don't care about gold, the World Gold
Council still is planning to invite central bankers and finance ministry and
sovereign wealth fund officials to another "executive program in gold
reserve management" The program will be held from November 26 to 28 in
Singapore, and unless you're connected to a government, you're not invited.
According to the World Gold Council's announcement --
https://www.gold.org/news-and-events/events/e...mme-in-gold-...
-- the program will cover:
-- Fundamentals of gold demand and supply.
-- The role of gold as a reserve asset.
-- Case studies on gold reserve management in practice.
-- And gold market operations and accounting for gold.
That last topic might be especially interesting, since governments and
central banks are so secretive about their gold market operations and gold
reserve accounting.
Omitting anything about mere vaulting of gold, the program's agenda at
least suggests that the involvement of governments and central banks in the
gold market is far more comprehensive than they and the gold council would
like the world to believe.
While he scoffs at the idea that central banks might be interested in
gold, Lassonde is a former chairman of the World Gold Council, which seems to
continue to insist that central banks are or should be
interested.
"Our purpose," the Worldl Gold Council says, "is to
stimulate and sustain demand for gold, provide industry leadership, and be
the global authority on the gold market." There's nothing there about
letting ordinary gold investors in on central banking's secrets.
