Central banks do not have the physical gold they pretend to have, fund manager tells Keiser Report

Max Keiser interviews

Max Keiser interviews Egon von Greyerz of GoldSwitzerland.com about the impossibility of price discovery because of the paper gold market, in which $70 trillion is traded every year against $213 billion annual mine production.

The BIS (Bank for International Settlements) and the bullion banks are constantly manipulating and intervening in the market, Greyerz says.

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