Talk show host Glenn Beck examines Fed’s concoction of imaginary gold

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While Beck’s program probably won’t tell followers of GATA anything they don’t know, it shows that suspicion of gold price suppression is spreading quickly now, as Beck quotes the German financial journalist Lars Schall’s dogged questioning of the Bundesbank, publicized first by GATA, over the Bundesbank’s assertion that Germany’s gold bars at the Fed were melted and recast before being returned.

By Chris Powell

U.S. talk show host Glenn Beck last week commented extensively on what seems the inability of the German Bundesbank to repatriate much of its gold supposedly vaulted at the Federal Reserve Bank of New York. Beck notes that the situation implies the „rehypothecation“ of gold — the concoction of a vast imaginary supply. While Beck’s program probably won’t tell followers of GATA anything they don’t know, it shows that suspicion of gold price suppression is spreading quickly now, as Beck quotes the German financial journalist Lars Schall’s dogged questioning of the Bundesbank, publicized first by GATA, over the Bundesbank’s assertion that Germany’s gold bars at the Fed were melted and recast before being returned:

http://www.gata.org/node/13458

The segment of Beck’s program about the German gold is 20 minutes long and can be viewed at his program’s Internet site here:

http://www.video.theblaze.com/media/video.jsp?content_id=31293951

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

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