Chris Powell: BIS Gold Swaps Collapse a Sign of Paper Gold Market’s End?

Silver Bullion TV, Released on 11/9/22

SBTV spoke with Chris Powell, Secretary and Treasurer of the Gold Anti-Trust Action (GATA) Committee about central banks’ efforts to silence gold and why the Bank of International Settlements’ (BIS) gold swaps collapse this year could signal the end of paper gold markets.

00:00 Introduction
01:22 Credit drying up
04:56 Silencing gold
08:16 Central bank gold
11:01 Fed’s gold swaps
14:41 From West to East
20:23 Time to buy or sell gold?
23:13 Bifurcation of paper and physical price
26:46 De-dollarization

Chris Powell is Secretary and Treasurer of GATA, the Gold Anti-Trust Action Committee.

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