This is the biggest lie about the gold market.
Within hours KWN will be releasing a second audio interview.
September 24 (King World News) – Eric King: “Alasdair, we were just discussing the fascinating charts we published on King World News. One chart from the 1970s shows the pattern of rising gold, rising interest rates. The other two charts were from the mid-2000s and 2019-today. I would encourage everybody to look carefully at those charts. There is also silver vs the S&P 500. Your thoughts after looking at those charts.”
Alasdair Macleod: “What really strikes me about these charts, Eric, is the way gold correlates with rising interest rates. I mean I knew this from the 1970s, I lived through the ‘70s and I was trading in gold at that time.
1970s: Shows Gold Surging (WHITE LINE) Along
With Interest Rates Until 1980 When Volcker
Raised Interest Rates To 20% (ORANGE LINE)
The Biggest Lie About The Gold Market
We were banned from holding gold but we could get some Krugerrands and also we dealt in the mines. There was quite and active gold mining sector in London. So I am familiar with this but it’s also nice to be reminded that the myth everybody pushes forward in the establishment that rising interest rates kill the gold price quite frankly is completely wrong. And I think this is an important point because here we are…to continue listening to this timely audio interview CLICK HERE OR ON THE IMAGE BELOW.
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