Chris Powell – BIS Gold Swaps Collapse a Sign of Paper Gold Market’s End? Video by SBTV
SBTV spoke with Chris Powell, Secretary and Treasurer of the Gold Anti-Trust Action (GATA) Committee about central banks’ efforts to silence gold and why the Bank of International Settlements’ (BIS) gold swaps collapse this year could signal the end of paper gold markets.
Discussed in this interview:
01:22 Credit drying up
04:56 Silencing gold
08:16 Central bank gold
11:01 Fed’s gold swaps
14:41 From West to East
20:23 Time to buy or sell gold?
23:13 Bifurcation of paper and physical price