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Dave Kranzler: What is driving gold and silver higher?
12:33p ET Friday, February 7, 2024
Dear Friend of GATA and Gold:
Dave Kranzler of the Mining Stock Journal writes today that the Trump tariffs explanation of the run on gold at the Bank of England "is nothing more than the cover story being disseminated by the big bullion banks using the ignorant mainstream financial media as the echo chamber." He contends that the fractional-reserve gold banking system, which has used derivatives to create a huge imaginary supply of the monetary metal, is breaking down.
Kranzler's analysis is headlined "What Is Driving Gold and Silver Higher?" and it's posted at the Mining Stock Journal here:
https://miningstockjournal.substack.com/p/what-is-driving-gold-and-silver-higher
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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