8:27p ET Saturday, February 21, 2026
Dear Friend of GATA and Gold:
On this week's installment of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire and economist Alasdair Macleod discuss the squeeze on silver and the accelerating collapse of the Western fiat currency system. The program is 58 minutes long and can be viewed at the Kinesis Money channel at YouTube here:
https://www.youtube.com/watch?v=G25T2XHwxqM [1]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [2]
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Einhorn pointed to reports that China has told its banks to scale back its holdings of U.S. Treasurys.
Meanwhile, central banks' appetite for gold has been rising in recent years, he added. Central banks around the world purchased around 863 metric tons of the metal in 2025, according to data from the World Gold Council.
"The Chinese have decided they want to sort of want to compete on a currency basis. The central banks around the world are buying gold. Gold is becoming the reserve asset as opposed to Treasurys, or it's kind of mostly even at this point," Einhorn said.
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Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
https://tinyurl.com/3xt6uw66 [4]
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