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

Section: Daily Dispatches

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 ...


Kinesis Engages Contis to Launch UK, European Debit Card for Its Digital Gold and Silver Currencies

Company Announcement
Tuesday, June 4, 2019

LONDON -- Today Kinesis Money announces the initiation of its U.K. and E.U. debit card program with Contis Group, the award-winning platform as a service that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4.

The release of these euro- and pound-denominated debit cards will cement Kinesis' position in the market as a formidable global fintech player. The Kinesis debit card will allow Kinesis' clients in the U.K. and Europe to easily and efficiently use their Kinesis currencies to make purchases anywhere that has a merchant facility, as well as withdraw funds via global ATM networks. ...

... For the remainder of the announcement:

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:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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