'Gold bugs' aren't the great concealers; central banks and financial journalists are
MarketWatch columnist Brett Arends may win this year's award for the most disinformation in financial commentary about gold. His October 9 column, "Here's the Chart Gold Bugs Don't Want You to See" --
-- is misleading from top to bottom.
In the first place, while the gold business has its share of dishonorable people, the gold business is small and its dishonorable people are outnumbered a thousand to one by dishonorable people in government, central banking, and the stock, bond, and real estate businesses. And whatever a few "gold bugs" are hiding from the markets, it is trivial compared to what investment banks and central banks are hiding, about which Arends has yet to show any curiosity.