Tocqueville Gold Fund's John Hathaway, a well known financial establishment figure who has finally acknowledged the manipulation of the gold market, was interviewed on the mainstream financial establishment CNBC's "Fast Money."
He was not cut off when he pointed out that the gold price fell purely because of paper sales while demand for physical was extremely strong.
He was not cut off when he said there was a Comex short squeeze on because the paper gold market is leveraged at 100 to 1. He was not cut off when he said people no longer trust paper, people no longer trust the intermediary and want physical possession of the gold their paper says they are entitled to.
What I am trying to work out is why the reality of gold price suppression was allowed to be aired on such a mainstream program? What does this say for the gold price suppression scheme?
The interview is available here.
http://www.cnbc.com/id/100968550
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