The Phaserl


The gold price isn’t irrelevant but financial journalism is

by Chris Powell, GATA:

Dear Friend of GATA and Gold:

In pursuit of democracy, limited and accountable government, and free and transparent markets, GATA is up against central banks, the most powerful institutions on the planet. But they are not so much the problem, as their power is based largely on surreptitiousness and it will crumble when it is exposed.

The bigger problem is the willful ignorance and arrogance of the financial news media, spectacularly demonstrated yesterday by Joe Weisenthal in his commentary at Business Insider, “The Price of Gold Doesn’t Matter.” Weisenthal writes:

“It’s true that gold has had a great run over the past several years, but here’s the real question: Who cares?”

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