Reply to Ross Norman: Is GATA Discouraging Gold Investment?

by Chris Powell

Dear Friend of GATA and Gold:

Under the circumstances Ross Norman, CEO of London bullion dealer Sharps Pixley, was pretty heroic with his cordial reply today —

— to the questions your secretary/treasurer publicly posed to him Saturday:

That is, virtually alone in the bullion dealing and banking industry, Norman acknowledged the possibility that central banks are surreptitiously intervening in the gold market and manipulating the monetary metal’s price. “I don’t know for sure,” Norman wrote, “but I would not be surprised.” He added that central banks certainly have motives for rigging the gold market.

While Norman declined your secretary/treasurer’s invitation to review and challenge or accept the documents of that intervention summarized by GATA here —

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