‘The Economist’ Anti-Gold Article – Case Study in Disinformation
By: GoldCore
GoldSeek.com
Friday, 8 May 2015
‘The Economist’ publishes unbalanced and misleading anti gold article
Leading magazine tries to convince readers that gold is a poor and unethical investment
Writes gold’s obituary and echoes of Businessweek “Death of Equities” front page
Attempts to steer investors into shares and bitcoin?
Economist quotes Dent and Turner — ignores their views on gold as diversification
Article completely ignores facts and history of gold as store of value
Ignores academic research showing gold as diversification is safe haven
In a remarkably unbalanced and lazy article on gold this month the Economist magazine attempts to dismantle the case for investors and others to own gold. Both from an investment point of view and also from an ethical point of view.
Besides attempting to paint gold as an unethical investment, it also attempts to portray those who diversify into gold as crazed, irrational investors and the stock pejorative name calling of gold “bugs.”
The overall tenure of the piece is that everything that “gold bugs” have predicted would unfold in the past number of years has come to nought and therefore gold is the preserve of irrational, gullible fools.
It comes complete with a picture of a presumably impoverished young African man panning for gold in an artisanal gold mine and the subtitle “An ever more marginal existence.”
The article is so laughably one sided that it resembles propaganda rather than journalism. Therefore, we take pleasure in dissecting the article misleading sentence by misleading sentence.
What follows is italicised excerpts in red from the article followed by our comment.
The article’s headline is:
“Gold prices – Buried”
The Rest…HERE
