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Craig Hemke at Sprott Money: Corrected golden lessons
10:10p ET Tuesday, July 13, 2021
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, recalls the U.S. State Department cable from 1974 showing that the U.S. gold futures market was endorsed by the government, if not essentially established by the government, in the expectation that it would divert private investment demand away from real metal and into derivatives whose prices were more easily controlled.
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Eventually, Hemke writes, those derivatives will fail and investors should purchase only physical gold.
His analysis is headlined "Corrected Golden Lessons" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/Corrected-Golden-Lessons-Craig-Hemke-July-13-2021
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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