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Zillionaire Giustra earns his tinfoil hat and brings Kitco's Makori along for the ride

Section: Daily Dispatches

2p ET Thursday, May 5, 2022

Dear Friend of GATA and Gold:

Give that man a tinfoil hat!

Mining and movie entrepreneur and zillionaire Frank Giustra has gone full "conspiracy nut" in an interview today with Michelle Makori of Kitco News, surpassing his previous cautious assertions that the gold price is "managed" by central banks and saying now that the price is "outright manipulated." 

... Dispatch continues below ...


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Giustra tells Makori that "you're never going to find a smoking gun on this." But, if so, that's only because neither he nor Makori will ever visit GATA's documentation summary here:

After all, the summary just has too much documentation to sort through unless one aims to be sincere.

But better 20 years late than never, so let's take what we can get, especially since Giustra's enlistment in the tinfoil hat brigade has brought along Kitco, which long has striven to avoid mention of gold market manipulation and especially to avoid interviewing GATA Chairman Bill Murphy, despite GATA's many requests. Telling gold investors the truth -- that is, as Jim Rickards said in CNBC many years ago, "When you own gold you're fighting every central bank in the world" -- may be bad for the gold business until it decides to stand up for itself.

Kitco's interview with Giustra is headlined "Gold Price Is Manipulated by the Fed, Suspects Mining Tycoon Frank Giustra, But Suppression Can't Last Forever" and it can be found here:

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

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