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GATA's Ed Steer interviewed by Mike Gleason of Money Metals Exchange
9:45a ET Saturday, November 18, 2017
Dear Friend of GATA and Gold:
Interviewed by Mike Gleason of Money Metals Exchange this week, GATA board member Ed Steer discussed the suppression of monetary metals prices by central banks and investment banks.
Steer, publisher of Ed Steer's Gold and Silver Digest letter --
-- said the metals prices are controlled by the major banks trading on the Comex futures market in New York and that most executives of monetary metals mining companies, being so well paid, don't care about price suppression's impact on shareholders.
Gold and silver production, Steer said, is likely to decline in near future and he predicts that the price suppression scheme will end "spectacularly and suddenly."
But, he adds, if there's a big correction in the stock market, the major banks will probably hit gold and silver prices hard to try to deny investors any safe haven.
Gleason's interview with Steer is about 15 minutes long and is available in both audio and transcript at the Money Metals internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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