Look at who just said the price of gold is headed much higher in 2022.
December 25 (King World News) – Eric King: “We’ve been in this grinding sideways to lower correction. What do you see for the gold and silver markets in 2022?”
Matthew Piepenburg, Egon von Greyerz’s Partner at Matterhorn Asset Management: “It’s the elephant in the room, it’s the trillion dollar question. We all know gold has been sideways at best this year, although I don’t think that’s a problem, but optically there’s an issue. And it’s a reality, anyone in the gold market knows this and we have known it for decades that there is manipulation in the Comex market and in the OTC market. We saw that in November when gold tanked $45 in a night based on $125 billion worth of gold futures being dumped twice in less than a minute. So there’s the constant fear by the policymakers to keep a boot to the neck of gold because a significantly rising gold price is symptomatic of a broken currency.
And even though I’m an American living in Switzerland and France too, the US dollar still impacts the world. So when the US dollar looks weak it’s embarrassing. And if gold looks strong it totally humiliates the dollar. So there is overt manipulation in the gold price. Now that people are catching on that inflation is real and real rates are negative, there is still this sideways movement in gold. In the big picture that’s very temporary. Of course that trading action is frustrating, but long term the price is going to go much higher…to continue listening to Matthew Piepenburg discuss why gold is set up for huge upside gains in 2022 as well as what other major surprises to expect next year CLICK HERE OR ON THE IMAGE BELOW.
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