16 min listen
Gold Price Manipulation Is Part of Banking Culture, JPMorgan ‘Difficult’ to Displace Says Expert
Gold Price Manipulation Is Part of Banking Culture, JPMorgan ‘Difficult’ to Displace Says Expert
ratings:
Length:
17 minutes
Released:
Jul 25, 2022
Format:
Podcast episode
Description
The case for gold right now is two-pronged, "where you have a lot of demand, and on the other side you have a very strong U.S. dollar," asserts Mark Yaxley, Managing Director at Strategic Wealth Preservation. The correlation between the dollar and gold, "is basically one-to-one at this point, that's really a main driver, and that's what investors need to be paying attention to," he tells our Daniela Cambone. "Gold is experiencing a healthy correction because of the dollar," Yaxley continues, "and we're approaching the bottom for gold and silver." He argues that the manipulation of non-physical gold is, "unfortunately part of the culture," and concludes it would be hard to replace titans such as JPMorgan who have been caught recently in the act of price manipulation.
Released:
Jul 25, 2022
Format:
Podcast episode
Titles in the series (100)
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