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Former U.S. Mint director says gold and silver shorts can't be covered with metal
7:34p ET Thursday, April 29, 2021
Dear Friend of GATA and Gold:
Getting dangerously close to relevance, Kitco News Editor-in-Chief Michelle Makori today induces former U.S. Mint Director Ed Moy to say that gold and silver supplies are extremely tight but gold and silver futures positions are "artifically depressing" prices. Moy adds that "paper" gold and silver are extremely leveraged and can't possibly be covered by real metal.
... Dispatch continues below ...
Honey Badger Silver's Chad Williams
talks with Chris Marcus of Arcadia Economics
Honey Badger Silver's executive chairman, Chad Williams, tells Chris Marcus of Arcadia Economics that "inflation is here" already and that rising interest rates didn't impede gold and silver in the 1970s and won't necessarily impede them today.
Honey Badger Silver is a Canadian silver company based in Toronto that is building a portfolio of silver and other assets. The company has a big position in Ontario's prolific Thunder Bay Silver District. The company's shares trade on the TSX Venture Exchange under the symbol TUF and over the counter in the U.S. as HBEIF. The company's internet site is here:
Williams' interview with Marcus is 25 minutes long and can be viewed at YouTube here:
Moy says he expects the gold and silver futures shorts to be lifted this year.
The interview is headlined "Mints Are Running Out of Gold; Not Enough Physical Silver to Cover Paper -- Former U.S. Mint Director," is 10 minutes long, and can be viewed at Kitco here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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