Four gold advocates discuss gold's prospects with Phil Kennedy on YouTube

Section:

11:10p ET Wednesday, July 24, 2019

Dear Friend of GATA and Gold:

11p ET Wednesday, July 25, 2019

Dear Friend of GATA and Gold:

Four great gold advocates were brought together on YouTube today by Phil Kennedy of Kennedy Financial to discuss the gold market and the monetary metal's prospects against governments and central banks:

-- GATA Chairman Bill Murphy.

-- Rob Kirby of Kirby Analytics in Toronto.

-- Dave Kranzler of Investment Research Dynamics in Denver.

-- And Cornell University Professor Dave Collum.

Among their more interesting points:

Murphy believes that the physical market is finally tightening up enough to make big trouble for governments and central banks. Murphy notes that silver has caught fire out of the blue in recent weeks.

... Dispatch continues below ...


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Kirby says governments are trying to push into cryptocurrecies people who are starting to worry about the world financial system, keeping them away from gold, which is what governments fear most. Kirby believes that JPMorganChase is exempt from penalties for market rigging because the investment bank is broker for the U.S. Treasury Department's Exchange Stabilization Fund.

Kranzler says the usual smashes in the gold futures market are not having much effect anymore. He disputes the claim that cryptocurrencies have no counterparty risk, arguing that the internet itself constitutes counterparty risk for cryptos. Kranzler adds that major investors know that they better leave the Comex gold futures market alone and not make trouble there by demanding delivery in any size -- that is, the Comex is essentially a government market-rigging operation.

Collum says he is confident that the physical market for gold will regain precedence over the paper market.

The interview is 52 minutes long and can be watched at YouTube here:

https://www.youtube.com/watch?v=eOt4XH7clOQ&feature=youtu.be

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

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