GATA's Bill Murphy and Chris Powell call out gold and silver market manipulation conspiracy critics
Welcome to Capital Account. Several Japanese pension funds started to invest in gold for the first time, according to the Wall Street Journal. The report claims the funds are looking to mitigate the damage of market shocks and reduce the risks associated with currencies. Until recently, the pension funds invested mostly in domestic stocks and bonds. We talk to Bill Murphy and Chris Powell from the Gold Anti-Trust Action Committee about the role of gold as a hedge in world markets.