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At Liberty and Finance, GATA's Steer says JPM's dishoarding holds silver down
9:59a ET Friday, July 26, 2024
Dear Friend of GATA and Gold:
Appearing this week on the Liberty and Finance channel at YouTube with host Dunagun Kaiser, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, says silver demand is huge and is being met mainly by dishoarding from the stash maintained by JPMorganChase, which long has been suppressing the monetary metal's price.
Steer argues that having monetary metals in hand is the only certain financial security as only they will survive a financial crisis undamaged.
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He warns that "there are no markets anymore; there are only interventions," and that if the Federal Reserve wasn't propping up the financial markets, paper assets would crash and metals would soar.
The interview is 33 minutes long and is at YouTube here:
https://www.youtube.com/watch?v=WJFl7Eekupk
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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