Once upon a time, an entity called the “World Gold Council” was created. It was supposed to be an industry trade-group, which (like all industry trade-groups) promotes the health and growth of their industry. But that’s not how it turned out.

To understand the World Gold Council, one need do little more than examine its history. It was created in 1987. Was this the beginning of some new, Golden Age for the gold mining industry? Hardly. In fact, it marked the early stages of the most successful era of gold price-suppression in history, and the complete destruction of the global gold-mining industry – with more than 90% of the world’s gold mines being bankrupted.

If the World Gold Council is really an “industry trade-group”, then it was/is the most incompetent/inefficient such entity ever created. But, of course, the World Gold Council doesn’t serve “gold” or even gold-mining. It serves paper – banker-paper, to be precise.

Like all (supposed) industry trade-groups, the WGC is officially comprised of a collection of the world’s largest gold-miners; who themselves are nothing but a herd of banker-sycophants. Lest anyone suffer from the delusion that the world’s gold miners (and the WGC) were merely “innocent bystanders” in the destruction of the global gold-mining industry, more facts are in order.

At around the time the WGC was formed; these same large, gold-miners were in the process of enslaving themselves to the bankers by forward-selling 100’s of tons of gold which hadn’t even been dug out of the ground yet – in order to further depress prices in the sector by creating a glut of supply.

This policy of self-destruction became institutionalized. As quickly as the sycophant-miners identified new reserves in the ground, they would forward-sell that ore to the bankers, permanently discounting their own commodity. Those readers who don’t fully comprehend this intentional suicide-spiral need to be reminded of another industry trade-group, with which we are all familiar: OPEC.

When OPEC was created, did it immediately result in a long-term depression in the price of oil? Did it result in 90% of the world’s oil companies being bankrupted? Did OPEC members forward-sell their oil in massive quantities? No. Precisely the opposite, in every respect.

OPEC didn’t forward-sell their oil to depress the price; they restricted supply to maximize total revenues for their industry. Their industry did not go into a long-term depression where more than 90% of all companies were bankrupted. Instead, this industry trade-group is directly responsible for the robust/health profits of the world’s oil companies.

But don’t take my word for it. Feel free to check with Rex Tillerson, CEO of Exxon. The $400 billion market-cap for Exxon is larger than the combined market-caps for the entire, global gold-mining industry. Indeed, Mr. Tillerson’s personal, annual compensation is larger than the individual market-caps of most of the world’s gold-mining companies.

Clearly the World Gold Council is nothing but a slave-collective, in bondage to the bankers; and which serves not the interests of gold (or gold-mining) but rather the promotion of the bankers’ paper monetary system. Need more convincing? Simply look around their website.

Try finding information about gold (i.e. supply/demand data). What one will discover is that such data goes back no more than two years. This is despite the fact that gold mining is one of humanity's oldest industries, where we have been mining/refining gold for nearly 5,000 years. Conversely there are a plethora of essays going back more than 15 years; letting us know about all the ways in which the bankers want to use our gold to make their paper system “better.”

The World Paper Council is, in reality nothing but a banking industry sub trade-group; composed of some of the bankers most-loyal servants, paying homage to their Masters. More proof that the WGC serves paper rather than gold came out today, with its utterly astonishing reporting on Q1 for the gold market.

Read more: The World Paper Council