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On LFTV, Alasdair Macleod explains why China may be behind silver price suppression
10:43p ET Saturday, August 31, 2024
Dear Friend of GATA and Gold (and Silver):
Market analyst and economist Alasdair Macleod, this week's guest with London metals trader Andrew Maguire on Kinesis Money's "Live from the Vault" program, explains why he believes that China has been the instigator of silver price suppression and will terminate the scheme soon.
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Macleod adds that markets and governments around the world are losing faith in the dollar and U.S. assets and that the only refuge is gold
Gold leasing by central banks, Macleod says, long has enabled multiple counting of world gold reserves, and the closing of those leases is reducing liquidity for paper gold and constricting the financial derivatives system.
The program is 57 minutes long and can be seen at YouTube here:
https://www.youtube.com/watch?v=EJ0_lLww32Q
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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