Shilling for Bundesbank, FT avoids key questions about gold

Yesterday the Financial Times continued its campaign to persuade the world that nothing deceptive is going on in the gold sector, publishing a long article lauding the German Bundesbank and its board member, Carl-Ludwig Thiele, for flawlessly arranging the repatriation of some of the central bank's gold from London, Paris, and New York.

At least the article, appended here, quotes the founder of Germany's "Repatriate Our Gold" campaign, Peter Boehringer, who just has been elected to the country's parliament, the Bundestag, from the Alternative for Germany list. Boehringer notes the Bundesbank's long resistance to transparency about the national gold reserves and the FT declines to call him a Nazi, an epithet risked by anyone in Europe who questions central banking and uncontrolled immigration.

But central banks can count on the Financial Times not to ask those questions -- starting with questions about the surreptitious swapping and leasing of gold done by central banks and their constant interventions in the gold market to prevent free markets from breaking out anywhere in the world.