Keith Weiner: Gold Has Many Buyers, “Forced Selling” is the Problem


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This interview was filmed on October 13, 2022.

While demand for gold is strong, Keith Weiner of Monetary Metals told the Investing News Network that “forced selling” is putting pressure on the metal’s price.

“A lot of people are buying gold for all the right reasons, but at the same time, there’s a lot of forced selling of gold. (We’re seeing) margin calls — and not necessarily on the gold part of the portfolio’s leverage. There’s margin calls on other parts of the portfolio, where these assets are illiquid and can’t be sold easily,” he explained at the New Orleans Investment Conference.

“(When that happens), you sell the thing that isn’t nailed down — that’s gold,” added Weiner.

Click to read Keith’s thoughts on precious metals price manipulation: https://bit.ly/3h0ONjN

#Investing #Gold #Silver

0:00 – Intro
1:20 – Exponential debt growth not sustainable
4:20 – Fed can’t keep hiking, will have to abort
6:59 – Forced selling of gold hurting price
9:51 – Gold and silver prices after Fed pivot
11:31 – Thoughts on gold, silver price manipulation
15:03 – Keith’s final advice — get educated!
16:29 – Outro

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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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