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At KWN von Greyerz notes that gold hasn't kept up with inflation, so will anyone ever ask why?
8p ET Sunday, July 7, 2019
Dear Friend of GATA and Gold:
At King World News tonight, Swiss gold fund manager Egon von Greyerz writes that adjusted for inflation the gold price high in 1980 would be more than $18,000 today. That gold has not come close to keeping up with inflation since then is both the powerful disparagement of gold and evidence of gold price suppression via the government-inspired and underwritten creation of a vast imaginary derivative supply, about which no one in mainstream financial journalism and even the gold mining industry itself dares to ask.
Von Greyerz's commentary is headlined "The Road To $18,160 Gold and the Wisdom Of Jesse Livermore," the renowned investor of the last century who in 1940 declared himself a failure and committed suicide long before the era of gold price suppression. Insofar as GATA has not yet defeated central banking's comprehensive market rigging, we too can be considered a failure so far, but there's still beer, wine, and spite, so we aim to press on in the morning anyway.
Von Greyerz's commentary is posted at KWN here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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