I read Chuck Butler's 'Daily Pfennig' and today's had an interesting section from Rickards: < For What It's Worth. OK, long time readers know that I truly appreciate the things James Rickards has to say. And this morning, I have a couple of snippets from an interview that was on the GATA website with James Rickards, talking about Gold manipulation. Let's listen in. "Central bank manipulation of gold markets can and will last until physical shortages become so acute that banks and exchanges can no longer deliver on futures and forward contacts when requested by customers. At that point, contracts will be terminated and exchanges will order that trading be conducted "for liquidation only" which means that futures customers can close out or rollover contacts, but they cannot receive physical delivery of gold. The signs that the manipulation is coming to an end will include depletion of warehouses, price spikes and notifications from banks that they will no longer allow the conversion of gold forward contacts into physical gold." - James Rickards > I say forward contracts should not determine physical's price until the the day the contract is filled ( physical delivered and paper is no substitute). That is what is wrong with the system.

https://www.goldbroker.com/news/interview-james-rickards-about-central-bank-manipulation-gold-silver-markets-346.html