Bloomberg Caught Falsifying Gold Chart to Discourage Investment in Gold

Bloomberg Caught Falsifying Gold Chart to Discourage Investment in Gold


bloomberg gold

During an on-air segment touting gold’s extreme volatility, Bloomberg posted a monthly chart of gold depicting the price action of July 2011-Jan 2012In order to paint the perspective that gold is an extremely volatile asset and an unworthy wealth preservation vehicle, the monthly reference points were scrubbed, and replaced with the years 2001-2011The chart displayed also altered the $ value of gold axis (unless we missed something, gold did not dip below $500/ounce in 2010, or in December of 2012).