LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Is Lassonde really so ignorant of his own organization's work?

By: Chris Powell, Secretary/Treasurer, GATA

 -- Published: Monday, 24 February 2014 | Print  | Disqus 

Dear Friend of GATA and Gold:

GATA's researcher, consultant, and friend R.M. had to laugh at World Gold Council board member Pierre Lassonde's insistence in his interview today with Kitco News that central bankers "spend no time whatsoever thinking about gold":

http://www.gata.org/node/13683

For if central bankers really don't bother with gold at all, R.M. wonders, why does the World Gold Council spend so much time talking to them about it? And how can a World Gold Council board member be so ignorant of his organization's work?

Or is Lassonde really not ignorant at all but working hard at disinformation for people who are not central bankers?

R.M.'s commentary is appended.

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

* * *

While Pierre Lassonde may maintain the fiction that central banks "spend no time whatsoever thinking about gold," the evidence from the World Gold Council, on whose Board of Directors he sits, suggests otherwise, and the highly paid gold council staffers who specialize in dealing with central banks might be forgiven for raising an eyebrow or two at his strange remark.

A few minutes of research into the organization Lassonde purportedly is helping to supervise would show him the following:

1. The World Gold Council says its "government affairs team works with policymakers and influencers globally, such as central bankers, politicians, regulators, academics, and the financial services industry, equipping them with tools and research to make an informed decision about the role of gold":

http://www.gold.org/government_affairs/what_we_do/

A review of the council's government affairs publications shows 68 research reports especially relevant to central banks:

https://www.gold.org/media/publications/#start/0/limit/10/ordering/date/...

2. The World Gold Council jointly sponsors a program called the Executive Program in Gold Reserves Management in conjunction with the University of California at Berkeley. This program is held exclusively for central bank and finance ministry representatives.

The program says about itself: "The Executive Program in Gold Reserves Management is a joint initiative between the UC Berkeley Center for Executive Education and the World Gold Council. Led by distinguished faculty from UC Berkeley and experts from the World Gold Council, this program will lead central bankers and finance ministry officials through an intensive four-day program that will equip each participant with the skills necessary to return home as an expert in the management of gold reserves."

"As central banks collectively hold $1.7 trillion in gold reserves, it is essential that central bank executives understand the underpinnings of the global gold market."

See:

http://executive.berkeley.edu/programs/executive-program-gold-reserves-m...

3. In May 2011 in Shanghai, Central Banking Publications and the World Gold Council held a three-day seminar for central bank delegates titled "Gold as a Reserve Asset: The Role of Gold in Modern Central Bank Reserve Management."

The course was introduced this way: "The return of central banks as active purchasers in 2009 represented a sea change in official sector attitudes to gold. Now perhaps more than ever in the past three decades, central banks are reviewing not just their holdings but also their understanding of gold and its role in a reserve portfolio."

See:

http://www.garashanghai.com

The detailed course schedule is here:

http://www.garashanghai.com/digital_assets/4601/GARA_brochure.pdf

A list of more than a hundred central banks that previously sent representatives to the course is here:

http://www.garashanghai.com/static/past-delegates

4. In 2013 the World Gold Council commissioned a report by the Official Monetary and Financial Institutions Forum, which concluded that "as the world heads toward a multi-currency reserve system, demand for gold is likely to rise."

"The Official Monetary and Financial Institutions Forum is an independent globally-operating financial think tank and a platform for confidential exchanges of views between official institutions and private sector counterparties. OMFIF cooperates with central banks, sovereign funds, regulators, debt managers, and other public and private sector institutions around the world."

http://www.omfif.org/about/

* * *

Join GATA here:

Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China

http://www.minesandmoney.com/hongkong/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16


| Digg This Article
 -- Published: Monday, 24 February 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.