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Scarcity is holding the gold price up, Maguire and Hemke agree on LFTV
9:30p ET Friday, December 8, 2023
Dear Friend of GATA and Gold:
In Kinesis Money's "Live from the Vault" program this week, London metals trader Andrew Maguire and financial letter writer Craig Hemke agree that scarcity of real metal is supporting and will continue to support the price of gold as the derivatives fraud of the commodity futures market comes apart.
Possession of physical gold and avoidance of "paper" gold are crucial, they agree.
Hemke says some banks and other market participants now are in a position to benefit from a higher gold price.
The program is an hour long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=V09MKnBgldg&t=604s
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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