The Economist put investors to sleep

Gold council CEO helps The Economist put investors to sleep

Submitted by cpowell on Sat, 2010-08-07 15:25. Section: Daily Dispatches

11:20a ET Saturday, August 7, 2010

Dear Friend of GATA and Gold:

The organ of financial establishment disinformation, The Economist magazine, this week did a most understated eight-minute interview with the chief executive officer of the World Gold Council, Aram Shishmanian, who remarked that Indian women hold twice as much gold as the tonnage reported held by the U.S. Treasury Department. Shishmanian added that Indian women don't sell their gold, though maybe the WGC will contrive a scheme through which they can lease it to the exchange-traded fund GLD. The Economist's interview with Shishmanian may be most remarkable for avoiding discussion of currency market issues even as the currency markets are cracking under the strains of national insolvency and central bank intervention. With industry leadership like this, gold's triumph over the crookedness of the central banking system is assured in about a thousand years. You can watch the interview with Shishmanian at The Economist's Internet site here:

http://audiovideo.economist.com/?fr_story=64467a692b9a285a43a6dd99c7b598...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.