Is the price of gold really manipulated? Is there a grand conspiracy to suppress the gold price and control this millennium-old money? Why invest in gold if the market is not “free”? Are we on the verge of a bifurcation of the global monetary system where gold regains its prominence, forcing investors worldwide to acknowledge the true value of this precious metal?
These are some of the most controversial and hotly debated topics in the precious metals industry, and Kitco’s Ultimate Gold Panel brings two of the industry’s most successful veterans together to tackle these issues LIVE on YouTube on November 09, 2022, at 3pm EST/12pm PT!
Making the case that there is an intentional and coordinated effort to manipulate and suppress the price of gold is Frank Giustra, mining, and media mogul, CEO of Fiore Group, founder of Lionsgate Entertainment, Special Advisor of Aris Gold, and former chairman of global mining finance advisory and merchant banking firm, Endeavor Financial.
Challenging Giustra is Rick Rule, investor and speculator extraordinaire. Rule’s career in the resource sector spans over four decades; he is the former CEO of Sprott, the current President of Rule Investment Media, and one of the most influential voices in the commodity sector.
This powerful panel, moderated by @Kitco NEWS Editor-in-Chief and Lead Anchor Michelle Makori, will also provide an outlook on the macroeconomy, markets and geopolitical developments.
Brought to you by @Matador Gold Technlogies https://www.buymatador.com
Follow Frank Giustra on Twitter: @Frank_Giustra (https://twitter.com/Frank_Giustra)
Follow Rick Rule on Twitter: @RealRickRule (https://twitter.com/RealRickRule)
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36 Comments
An awful screech on the audio with the guy coughing in the background.
Rick Rule is vastly knowledgeable on resources. But he also is a bit of a blowhard. There is documented proof in the form of a 1974 communique between the US Dept of State and the American Embassy in London that describes the US/UK scheme to suppress the gold price by the creation of a paper futures market in order for the petrodollar to blossom. This document comes to us courtesy of Wikileaks. Someone needs to get that paper into Rick’s hands so he can stop his bloviating about there likely being no conspiracies to suppress gold prices.
Ultimate gold panel without Peter schiff? Is this a sick joke? Bwahahaha.
Rick Rule as always is arrogant and self absorbed.
Ricks mind is running at full speed
38:15 Frank just said it all with that question
when will gold be 10k an ounce? im tired
Gold is 1000s of years older than any fiat currency and has lasted while many currencies disappeared. Excellent debate. The USD is rising against better currencies just because it's the reserve currency and not because of the strength of the economy.
that was excellent. thanks rick, frank, and michelle.
same old same old gold has lost its luster guys
Love RICK !!!
bullshit I'm not on te panel
Super
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Gold.
Bitcoin.
Cash.
Rick, Notion of the dollar strength in the 80s is a bit deceptive. It was the Petro dollar. Phantom dollar much to the Dollar, As dollar to gold comparison. One is a unit of value the other is a unit of debt.
intellegent people
Frank was going all out and at the start to be in the non-polite company by saying the obvious.. Gold is a political metal that is manipulated for the paper market to function without always having to look over its back at the movement of the gold price. It is much preferred by the USA for Sovereigns to hold infinite US Treasuries rather than gold. Gold price going parabolic and not managed is an existential threat to US Treasuries and also portends much higher yields which would be rather expensive for the empire. If I run the US empire I will tinker with the gold price every day of the year to flatter my bonds, currencies, and returns of my paper derivatives.
Absolutely brilliant, wonderful minds wrestling with my favourite topic "GOLD"!!! So before this, after this, I'm still staking physically and in Gold Stocks. 🙂
Great interview !!!
Frank is fucking legend 👌
Another great interview.
Two economic Titans bringing discussion of the decade that every person should listen if they want to protect their standard of living.
Ex Ex
LOVE IT ALL… good belly laughs and both are correct, love it.
👍👍👍
The gold comex is where the physical gold price is manipulated you don't have to look any further. The USA FED does not want a high gold price especially when the USD reserve currency is under threat.
Lol, I was waiting for the video to finish to comment that..'It was a wonder that finally Michelle went a whole interview without asking about bitcoin'. Then Frank brought that exact point himself 😄.
Thanks all.
they got fined & it still continues
it is bigger than the ftx crap, as it been going on for the last 50 years & stole billion & billion from investor over that time, & in my opinion the manipulators are above the law otherwise the doj would have put people in jail, there is so much evidence that it is, and anybody that says it is not all i can say is that they are benefitting from the rigging and it is a crime
if it is a national threat, so be it but you dont take investors money and tell them oh bye the way we will be rigging the gold & silver markets. that is a bloody fraud & crime.
rick is benefiting from the rigging, it is obvious
rick most of the time it works like this if you buy 50 million oz 1600.00 & then you sit on it till it naturally trades up to 1650.00 that is 50.00 spread per oz over 50 million oz that is alot of money, it can only be done by the big banks through ceo's & upper management, they are using bank funds and taking massive personal commissions, and that continues over the years at the guise natural trading, this is why after years the bank is sitting with all the shorts. at the end of the day it is a crime and these asshole should be held accountable, it is manipulated for the benefit of upper management of the big banks plain & simple, i bet you if you look at them all on a personal basis, they all have off shore accounts.
it is a crime rick
One possible course of action would be to instigate a false flag operation and claim Russia has launched a nuclear missile into NATO terrritory and thereby declare WW3. Starting a war has throughtout times been a last resort for kings and rulers alike. Please don't rule out this option and start talking about so as to pre-emptivly call the USA's bluff.
Gold suppression is a policy just like the Petrodollar is/was policy Both were supported over decades across many presidential cycles.