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U.S. rigs gold to defend dollar and control interest rates, GATA secretary tells Palisades Gold Radio
From Palisades Gold Radio
Saturday, April 17, 2021
Palisades Gold Radio's Tom Bodrovics welcomes Chris Powell, secretary treasurer of the Gold Anti-Trust Action Committee, to the show.
Chris explains why gold is manipulated, since governments want to control and monopolize currencies. Gold is an independent global reserve system, and it acts as a competitor to government monetary issuance. Central banks for the past half-century have strived to control the gold price. Control of gold is the power to control the value of capital, labor, goods, and services worldwide.
... Dispatch continues below ...
Production Due Soon from VanGold Mining
in Silver and Gold District in Central Mexico
James Anderson, chairman and CEO of VanGold Mining (VGLD.V; VGLDF; vangoldmining.com), joins Austin and Andrew O'Donnell of Stock Talk / Supercharged Stocks to discuss the company's imminent production at its silver and gold properties in a historic mining district in central Mexico.
VanGold Mining recently acquired the El Cubo mine and mill from Endeavor Silver, where mining has been underway for 500 years and where three Canadian mining companies are already active, along with silver behemoth Fresnillo PLC.
Anderson's interview is 28 minutes long and can be viewed at YouTube here:
Gold swaps and leasing have enabled central banks to create a vast imaginary supply of gold, Chris says. Most of the "gold" the investment community owns either doesn't exist or is oversubscribed. If the market understood central bank actions in the gold market, valuations would have to change. The question is: Who owns the gold and how much do they have?
Chris discusses a hearing of the U.S. Commodity Futures Trading Commission at which metals consultancy executive Jeff Christian estimated the leverage in the gold market at nearly 100 to 1. The Reserve Bank of India estimated the leverage at 92 to 1. These ratios indicate that there are numerous paper claims to every ounce in vaults.
Chris explains the closing of the U.S. gold window in 1971 and a possible intent for the creation of gold futures markets -- to scare investors away from gold. Most large countries understand the scheme, he says, but most investors remain unaware.
Much of the world is not thrilled with the U.S. dollar system since it controls most values today and is the primary instrument of U.S. imperialism, Chris says.
Chris outlines the various uses for silver and notes the metal is also an industrial one. Silver could become the "kryptonite" to central bankers and governments because it's widely held, he says.
Chris argues that gold price suppression is used to control interest rates. Ordinarily there is an inverse relationship between real interest rates and gold, and ithe gold carry trade acted as a mechanism of yield-curve control.
The interview is 56 minutes long and can be viewed here:
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
Buyers can compose their case by choosing as many as four varietals from the list here:
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at email@example.com.
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at firstname.lastname@example.org.
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