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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

FromThe Daniela Cambone Show


Gold Price Manipulation Is Part of Banking Culture, JPMorgan ‘Difficult’ to Displace Says Expert

FromThe Daniela Cambone Show

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)

There's a thirst for economic and investment know-how. It's not taught in the classrooms or discussed via mainstream media. The Daniela Cambone Show is proud to bring you the exclusive news, interviews, and insight you can't get anywhere else. Host Daniela Cambone sets out to interview the top minds in finance to help explain new investments, opportunities, and industries that otherwise might be a mystery. From cryptocurrency, gold, silver, interest rates, and central banks, to the inner workings of the global economy, Daniela's goal is to get you to a comfortable level of financial understanding to achieve freedom.