Gold price is manipulated but price suppression won’t last forever, believes tycoon Frank Giustra
Thanks! Share it with your friends!
Watch Kitco NEWS Video: Gold price is manipulated but price suppression won’t last forever, believes tycoon Frank Giustra. The gold price has been “manipulated” by central bank authorities, in particular, the Federal Reserve for decades in a broader scheme to maintain U.S. dollar supremacy in the global monetary system, said mining and movie mogul Frank Giustra.
Giustra, who is the CEO of Fiore Group and also the founder of Lionsgate Entertainment, had in the past said that the price of gold was “managed” by central banks and bullion banks. Now, he is doubling down and saying that the price is “outright manipulated.”
“It’s been no secret that since the U.S. abandoned gold in 1971, they’ve tried to suppress it to allow the U.S. dollar to maintain its supremacy. That supremacy is important in terms of your home interest rates keeping them low, it’s important to anchor inflation expectations, it’s important for a whole bunch of reasons,” Giustra told Michelle Makori, Editor-in-Chief of Kitco News, noting that the world is currently engaged in a "financial war"
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Frank Giustra on Twitter: @Frank_Giustra (https://twitter.com/Frank_Giustra)
0:00 - Fed rate hike, economic outlook
7:00 - Financial war between countries
9:00 - China’s gold reserves
13:00 - Bifurcated monetary system
17:30 - Global central bank gold reserves
21:43 - Gold price manipulation
32:48 - Bitcoin vs. gold
44:52 - Ukraine and Russia
51:53 - Relations between U.S. and China
#gold #FrankGiustra #Bitcoin
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Bitcoin and other crypto news, prices and info. Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra. Gold price to hit $4,000 in 3 years, real inflation is at 12 % - Frank Holmes (Pt. 2/2). Is gold being 'stabilized' by governments? Why price hasn't rallied on inflation – Frank Holmes. XRP & Bitcoin’s Greatest THREAT!!! "They Will Stop At Nothing"! | Frank Giustra. Bitcoin Price Suppression? (Wall Street Antics!). Ethereum price and Bitcoin price are going to be double a year from now - Frank Holmes. PayPal's CEO Dan Schulman Believes Bitcoin Will END Cash FOREVER | Bitcoin Prediction!!. RIPPLE XRP: WAS THE XRP PRICE JUST MANIPULATED?! IT'S CERTAINLY HAPPENING NOW!!!!!!!!!!. Is Bitcoin Price Being Manipulated? - Coffee N Crypto LIVE. Is Bitcoin price manipulated? How? Kraken’s Dan Held breaks down facts vs myths (Pt. 1/2). Bitcoin Price Headed to $1 Million and Ethereum $100,000, No Doubt Says Frank Holmes. Gold and Silver Buying: Premiums Can't Be Manipulated But They Are Out of Line with Prices.
Best Blockchain Games - Play and Earn!
Related Videos
-
Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra
Added 38 Views / 0 LikesIt's the showdown that everyone has been waiting for. Gold financier Frank Giustra versus MicroStrategy CEO Michael Saylor in the ultimate gold vs bitcoin battle. Our Daniela Cambone moderates. #bitcoin #gold #bitcoinvsgold Find the best opportunities in cryptocurrencies! Get access to Crypto Capital today! https://stansberryinvestor.com/research/research-products/crt Get the premier research covering the gold sector: https://stansberryinvestor.com/re
Featured -
Gold price to hit $4,000 in 3 years, real inflation is at 12 % - Frank Holmes (Pt. 2/2)
Added 14 Views / 0 LikesInflation is rising out of control and investors should hold cryptocurrencies, gold and real estate to protect their wealth, said Frank Holmes, CEO and CIO of U.S. Global Investors, and executive chairman of Hive Blockchain Technologies. Holmes told Kitco News' Editor-in-Chief Michelle Makori that he is sticking to his call that gold prices will hit $4,000 within three years. __________________________________________________________________ Kitco New
-
Is gold being 'stabilized' by governments? Why price hasn't rallied on inflation – Frank Holmes
Added 15 Views / 0 LikesGovernments and central banks might have an interest in "stabilizing" gold prices in order to maintain public confidence, which may be an explanation as to why the gold price did not move up on the release of last month's headline record inflation data said Frank Holmes, CEO of U.S Global Investors. Headline inflation came in at 4.2%, the highest since 2008. "The threat of gold exploding would basically say they've lost control, and I really think the
-
XRP & Bitcoin’s Greatest THREAT!!! "They Will Stop At Nothing"! | Frank Giustra
Added 23 Views / 0 LikesXRP & Bitcoin’s Greatest THREAT!!! “They Will Stop At Nothing”! | Frank Giustra Get an Extra 5% GSX Here: https://gsxcde.com/invite?ref=UD10019 MAKE MONEY WITH US • http://RUNGUYS.COM Connect With Us Below: • Email: TheRunGuys@Gmail.com • Group: https://facebook.com/groups/rankupnow • Instagram: @Run.Guys @RunLifeNick @ViralKyle Yes that is an affiliate link above and we do earn commissions when you get started. If you're interested in working with us
-
Bitcoin Price Suppression? (Wall Street Antics!)
Added 9 Views / 0 LikesIn this video we explore how the price of bitcoin could be suppressed by Wall Street applying aspects of traditional debt-based financial aspects to bitcoin's equity-based nature. ♥ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100: https://coinbase-consumer.sjv.io/Eaxk5W ======== $25 Worth of FREE Crypto from Crypto.com ======== ♥ BC Vault Crypto Hardware Wallet Link - https://bc-vault.com/shop/bc-v
-
Ethereum price and Bitcoin price are going to be double a year from now - Frank Holmes
Added 16 Views / 0 LikesFrank Holmes executive chairman of Hive Blockchain Technologies, and CEO and CIO of U.S. Global Investors discusses his outlook for Bitcoin and Ethereum with Michelle Makori, Kitco's Editor-in-Chief. Holmes explains why he sees Ethereum and Bitcoin doubling in price a year from now. Holmes discusses the meeting he attended convened by Tesla CEO, Elon Musk, and Microstrategy CEO, Michael Saylor where the Bitcoin Mining Council was formed, to address is
-
PayPal's CEO Dan Schulman Believes Bitcoin Will END Cash FOREVER | Bitcoin Prediction!!
Added 6 Views / 0 LikesPayPal's CEO Dan Schulman Believes Bitcoin Will END Cash FOREVER | Bitcoin Prediction!! Dan has been recognized as one of Fortune’s top 20 Businesspersons of the Year, one of Glassdoor’s Top 50 CEOs, and a Ripple of Hope laureate by the Robert F. Kennedy Human Rights organization. He is also the recipient of the Frederick Douglass Award presented by The New York Urban League, Endeavor Global’s High-Impact Leader of the Year award, and a Brennan Legacy
-
RIPPLE XRP: WAS THE XRP PRICE JUST MANIPULATED?! IT'S CERTAINLY HAPPENING NOW!!!!!!!!!!
Added 8 Views / 0 LikesBybit exchange (to trade XRP): https://partner.bybit.com/b/DustyBC $1600 FREE BONUS ONLY FOR A COUPLE MORE DAYS!!!! PATREON (SEE MY PORTFOLIO & MORE!): https://www.patreon.com/dustybc Go check out PrimeXBT: https://bit.ly/3uk5w44 PROMO CODE FOR 50% DEPOSIT BONUS: DustyBC BIGGEST XRP DISCORD: https://discord.gg/SrqY77jBWq NFT CRYPTO DOMAINS!: https://unstoppabledomains.com/r/dustybc Join the channel to get access to perks: https://www.youtube.com/chann
-
Is Bitcoin Price Being Manipulated? - Coffee N Crypto LIVE
Added 4 Views / 0 LikesBitcoin is below $40,000 again despite a lot of bullish fundamentals. While the easy narrative would be to blame this dip on the interest rate hikes, there are details that seem a little fishy. Is the price of Bitcoin and other altcoins being manipulated by institutional money? Timestamps 0:00 - Intro 4:26 - Market Watch 12:33 - Bitcoin Technical/On-Chain Analysis 35:07 - Is Bitcoin Price Being Manipulated? 42:06 - Spot ETF Optimism 57:02 - SMAY's Rat
-
Is Bitcoin price manipulated? How? Kraken’s Dan Held breaks down facts vs myths (Pt. 1/2)
Added 20 Views / 0 LikesDan Held, director of growth at Kraken, discusses with David Lin, anchor for Kitco News, how likely it is that Bitcoin, the largest cryptocurrency in the world, is experiencing market manipulation. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow Dan Held on Twitter: @danheld (https://twitter.com/danheld) 0:00 - Tether 5:50 - Stablecoins 7:39 - Bitcoin manipulation _____________________________________________________
-
Bitcoin Price Headed to $1 Million and Ethereum $100,000, No Doubt Says Frank Holmes
Added 19 Views / 0 LikesEthereum has more uses than Bitcoin or gold with many more applications currently being used, this according to Frank Holmes, CEO of U.S. Global Investors and Chairman of HIVE Blockchain Technologies. "Bitcoin and gold bugs reap from the same old testament of history, of money printing," he explains to our Daniela Cambone. "Bitcoin is on its own trajectory," Holmes says, "and we continue to mine Ethereum, but we are really expanding our bitcoin footpr
-
Gold and Silver Buying: Premiums Can't Be Manipulated But They Are Out of Line with Prices
Added 24 Views / 0 LikesDaniela Cambone speaks with Mark Yaxley, Managing Director for bullion dealer and secure storage provider, Strategic Wealth Preservation about the disconnect between gold and silver prices and premiums on these products. Yaxley also shares his thoughts on the gold market and whether we can expect another August rally for the metal. #gold #silver #investing Check out Daniela's latest interviews here! - sbry.co/RNL8N Sign up for free exclusive content a
