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← Kitco NEWS16 okt · 1 u 01 min

Big Banks Are Trying to Keep Gold ‘Under Control,’ Mario Innecco Says

Big Banks Are Trying to Keep Gold ‘Under Control,’ Mario Innecco Says16 okt1 u 01 min

Inflation hit 3.7% in September, and gold and silver fell anyway. Social Security's 3.6% raise adds about $75 a month for the average retiree. Mario Innecco, host of maneco64 and a former London bond futures broker, says that won't keep up, and that big banks are trying to keep gold "under control." Jeremy Szafron asks Mario why gold is still above $4,000 with bond yields at multi-decade highs, whether you can trust the CPI, why he says bonds are becoming "certificates of confiscation" again...