View on YouTube GATA’S Chris Powell Reveals The Golden “Totalitarian Scheme” | SD Midweek Metals Report
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Gold and silver are cooling off after a month-long rally triggered by geopolitical termoil, says Chris Powell of GATA. But in the long-run, precious metal prices will be determined by central bank intervention or the lack of it, he believes. Western central banks continue to manipulate the price of gold, he says, in order to prevent it from being used as a world reserve currency. “We do not have free markets anymore,” he continues, “essentially it’s a totalitarian scheme.”