Frank Holmes, CEO of US Global Investors, claimed governments are practicing “price suppression” to hold down gold prices.
“They move interest rates around so there’s no doubt they can do this with gold,” Holmes said. Many gold followers have been saying this for years so it’s no surprise; recently there have been several sudden unexplained drops in gold prices during pre-market and morning trading hours in New York.
Mr Holmes gave an interview to Kitco News that is well worth watching so we’ll point you there in today’s featured article and let you draw your own conclusions.
Related: Why Are Indians Paying a “Gold Premium?”