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GATA's Steer sees gold and silver price suppression weakening

Section: Daily Dispatches

11:47p ET Wednesday, June 26, 2024

Dear Friend of GATA and Gold (and Silver):

Interviewed by Jesse Day for the Commodity Culture channel at YouTube, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, discusses the increasing difficulty bullion banks are having in suppressing monetary metals prices.

Steer stresses that suppression policy is nothing new but rather was implemented soon after President Nixon cut the last link between the U.S. dollar and gold. The objective, Steer notes, is to deter investors from switching from financial assets to hard assets. But, Steer adds, international resentment of U.S. domination of the world financial system is prompting challenges. 

The discussion is a half-hour long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=-AiYPqpDYc4

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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