from Gold Core:
Gold in USD – 10 Years Gold and silver rose on the COMEX again yesterday – up 1% to $1,123.80 and silver was up 1.3% to $15.52 per ounce. This morning, gold is 0.7% lower to $1,118 per ounce.
Silver is 1% lower to $15.47 per ounce. Platinum and palladium are 0.8% and 1.4% higher to $997 and $622 per ounce respectively.
Gold, The Fed, Exter’s Pyramid – When John Exter Met Paul Volcker
GoldCore are blessed to have many well connected, informed and enlightened subscribers and clients throughout the world. On a daily basis, we receive interesting tidbits and insights from all corners of the world. A common thread in the dialogue with our growing 31,824 email subscribers and wider online and social media following is a genuine concern about the economic, financial and indeed monetary outlook for the world.
Some are what Paul Krugman and other currency debasement advocates would deride as ‘goldbugs.’ Most are ordinary people – of both modest means and wealthy – who are worried about their friends, family and fellow man’s financial and indeed general well being. Some are left wing, some are right wing, most are libertarian. Very few are the greedy, irrational ‘goldbugs’ that is a prevailing narrative in sections of the media today.
We have a fascinating dialogue with many readers. One of our readers living in the U.S. has first hand experience of people involved at the highest levels of the Federal Reserve. He is very concerned about the astronomical levels of debt in the U.S. and internationally and the fact that this debt continues to balloon in a completely unsustainable way.
With his permission, we are publishing his recent email to me (mark.obyrne at goldcore.com) in its entirety. It is about a private meeting between ex-New York Fed Vice President John Exter and ex Fed Chairman Paul Volcker.
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