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| Gold market is not a real market, it’s a ‘paper market,’ investment manager tells Keiser Report | Gold market is not a real market, it’s a ‘paper market,’ investment manager tells Keiser Report |
| (about 2 months later) | |
| Max Keiser interviews Lawrence Lepard of Equity Management Associates about price discovery and the national debt of the United States, which is now more than the country’s GDP. | Max Keiser interviews Lawrence Lepard of Equity Management Associates about price discovery and the national debt of the United States, which is now more than the country’s GDP. |
| There is no price discovery in gold, says Lepard, adding that “it’s a paper market.” | There is no price discovery in gold, says Lepard, adding that “it’s a paper market.” |
| “I’ve long contended that the gold market is not a real market. It’s essentially a planned tool,” he explains. | “I’ve long contended that the gold market is not a real market. It’s essentially a planned tool,” he explains. |
| According to Lepard, bitcoin is “pointing out to hyperinflation rather blatantly,” and “there’s nothing they can do to control it.” | According to Lepard, bitcoin is “pointing out to hyperinflation rather blatantly,” and “there’s nothing they can do to control it.” |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |