Gold Market Manipulation and the Paper System - LinkedIn

AI desk brief

GATA’s Chris Powell used a Money Metals interview to argue that gold and silver remain distorted by a large “paper” claims system, while central-bank and investor demand for physical metal is increasingly tightening the market. He said a 25bp Fed hike is insignificant versus the scale of U.S. deficits and ongoing money creation, and contended that gold price suppression has come under more pressure as central banks and investors seek physical bullion.

The discussion highlighted China, Russia and some European buyers as supporting a shift away from dollar dependence, with Powell saying gold has been flowing from West to East as Asian markets build more delivery-oriented infrastructure. He also warned that tokenized gold and lending programs, including Tether’s reported ~113t gold holdings, could create another layer of potentially oversubscribed claims on physical metal.