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Gold's great escape: Chris Powell on the collapse of price suppression
From Money Metals Exchange, Eagle, Idaho
Saturday, March 29, 2025
In a timely episode of the Money Metals podcast, host Mike Maharrey sat down with veteran journalist and Gold Anti-Trust Action Committee co-founder Chris Powell to discuss gold's historic surge past $3,000 an ounce and what it signals about the global monetary system.
The conversation offered deep insight into decades-long gold market manipulation, shifting central bank behavior, and the potential ramifications of a long-awaited Fort Knox audit.
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As of March 2025, gold has crossed the $3,000 per ounce threshold, a milestone that Powell calls "a lovely start."
Reflecting on his early days in gold activism -- when the metal traded at just $250 per ounce in 1998–1999 -- Powell believes the recent surge is a result of central banks' losing their grip on the decades-old system of gold price suppression.
Notably, the latest $500 gain -- from $2,500 to $3,000 -- took just 210 days. That pace is extraordinarily fast compared to the historical average of nearly 1,000 days per $500 increment.
Powell interprets this as a sign that gold price controls are unraveling: "The speed here indicates that central bank rigging of the market is falling apart pretty fast." ...
... For the remainder of the report and audio of the interview:
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