CNBC Asia interviewed GATA’s Chris Powell overnight regarding gold manipulation by central banks and avoiding paper ‘gold’.
Powell stated the manipulation will continue as long as investors do not choose to hold physical gold in their own possession.
Regarding price Powell ponders the real question: “What the value or the price of gold will be if the world ever discovers that 80% of the gold that it thinks it owns – does not exist. There may not be enough zeros in the world to put behind the gold price then”.
Full explosive interview on gold manipulation on CNBC below:
You can read more about this at wealth wire