The prices of gold & silver have very little to do with supply and demand and nearly everything to do with a controlled futures market. Here’s Ed to explain…
Dear Friend of GATA and Gold:
Jim Goddard’s “This Week in Money” podcast did a 20-minute interview last week with GATA Board of Directors member Ed Steer, editor of Ed Steer’s Gold and Silver Digest letter (https://edsteergoldsilver.com/), discussing the monetary metals and how their prices have little to do with ordinary supply and demand but nearly everything to do with futures market trading largely controlled by JPMorganChase.
The interview can be heard here (it starts when the Ed Steer interview begins):
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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