Mining entrepreneur, Clinton confidant Giustra concedes gold price suppression

Sunday, March 5, 2017
By Paul Martin

By: Chris Powell, Secretary/Treasurer, GATA
GoldSeek.com
Sunday, 5 March 2017

Dear Friend of GATA and Gold:

The price of gold has been heavily suppressed by the U.S. government, Wall Street financial houses, and the banking system, according to billionaire Canadian mining and movie entrepreneur Frank Giustra, a confidant and philanthropy associate of former President Bill Clinton.

Giustra’s remarks were made in late January at the Vancouver Resource Investment Conference during an interview with Marin Katusa of Katusa Research and were publicized today by GATA Board of Directors member Ed Steer’s Gold & Silver Daily newsletter (http://www.edsteergoldandsilver.com).

Video of the interview, posted by Katusa Research, shows Giustra identifying gold as the asset with the most potential for appreciation and describing the financial and political turmoil in the world. Then Katusa asks Giustra why the gold price hasn’t reached $5,000 per ounce.

Giustra replies: “I’m not into conspiracy theories but I think gold is managed, and I think the West — specifically the United States — goes out of its way to downplay the value of gold from a historical perspective, and I think that they’ve done a very good job — Wall Street, the banking system, the government. Every government wants to own gold. They don’t want their citizens to own gold because that undermines the confidence in the real economy, and in a situation where you have such fragility in the system, the worst thing that any government would want to see is a spike in the price of gold.”

The Rest…HERE

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