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Gold is 'bargain of the century," Swiss Asia Capital's Kiener tells Bloomberg TV
10:14a ET Friday, April 22, 2022
Dear Friend of GATA and Gold:
Gold is the metal with the lowest risk in possession and "the bargain of the century," Swiss Asia Capital founding partner Juerg Kiener tells Bloomberg Television in Singapore in an interview today. But, Kiener adds, "We see a lot of paper market interventions" in gold.
Noting the London Metals Exchange's recent default on its nickel futures contract, Kiener says metal inventories generally are small and their futures markets are in backwardation. He says there is "huge pressure" on the exchange.
Russian gold will not be coming into the market becayse Russia will be keeping it, Kiener says.
The interview is six minutes long and can be viewed at Bloomberg News here:
https://www.bloomberg.com/news/videos/2022-04-22/kiener-metal-with-lowest-risk-is-gold-video
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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