CNBC: “There’s more pain in store for gold and silver short term, trader warns” #silver

TSI editor’s note: We are always interested when the mainstream media reports on the precious metals, because they typically do one of two things. 1) They get creative to explain price increases as stemming from anything besides money printing by the central banks. 2) They propagate the notion that gold, and silver are antiques of a bygone era that people would be foolish to invest in, in order to substantiate the fiat dollar system. Today, CNBC is doing the latter: “Despite gold’s impressive year-to-date performance, what was once a “safe haven” is now a volatile asset, Bapis said.” The coordinated argument that precious metals are a volatile investment has been used since the 1970s to delegitimize them as an asset class. This is not hyperbole, but well documented by the folks at GATA, the Gold Antitrust Action Committee, of which the documentation can be found on their website at http://www.gata.org.

Continue reading at: https://www.cnbc.com/2020/08/13/gold-silver-more-pain-in-store-short-term-trader-warns.html

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