[GoldCore TV] Are Central Banks Suppressing the Gold Price?

Chris Powell is a director of GATA, the Gold Anti-Trust Action Committee. Formed in 1998, GATA’s mission is to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. 

In today’s episode of GoldCore TV, Chris speaks with Dave Russell about the practicalities of Central Bank intervention and whether it has had any real impact on the gold price over the long term.

With a 9.25% annual return (US Dollar) since 1998, despite Central Bank intervention, gold has been one of the best performing assets, outperforming official inflation figures over the same period. So, we ask, are Central Banks actually any good at suppressing the gold price?

Watch the video to know more…

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Watch David Brady on GoldCore TV

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

29-03-2021 1723.95 1705.95 1247.62 1235.79 1464.15 1448.52
26-03-2021 1727.85 1731.80 1253.56 1254.86 1465.91 1469.09
25-03-2021 1729.20 1737.30 1260.07 1266.67 1463.94 1472.71
24-03-2021 1734.05 1730.50 1264.12 1261.36 1466.14 1462.79
23-03-2021 1739.25 1726.20 1264.26 1251.50 1462.36 1454.15
22-03-2021 1733.40 1736.15 1251.34 1254.89 1455.54 1456.11
19-03-2021 1737.20 1735.20 1246.79 1252.47 1460.12 1459.82
18-03-2021 1734.10 1725.90 1241.44 1239.37 1452.66 1448.03
17-03-2021 1736.95 1729.65 1248.35 1246.56 1458.00 1452.56
16-03-2021 1732.30 1735.00 1251.93 1249.20 1450.63 1457.23

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Stephen Flood

Stephen Flood is the CEO of GoldCore. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals markets since 2004 and has appeared as an expert contributor on CNBC, CNN, BBC, RTE & Bloomberg TV and has had articles published in the Irish Times, Irish Independent and The Sunday Business Post.

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