- Published on Jul 16, 2013
PART TWO: There is No Such Thing as a Free Market
THE MATTERHORN INTERVIEW – JULY 2013 Special with F. William Engdahl
On behalf of Matterhorn Asset Management / GoldSwitzerland, financial journalist Lars Schall met economic researcher and geopolitical analyst F. William Engdahl for a special video-interview series in three parts. In the second part, “There is No Such Thing as a Free Market,” they talk about, inter alia: the managed nature of the precious metal markets; the naked short selling in the paper gold and silver markets; the rising gold stocks in vaults in China; the declining gold stocks in Western vaults; and the long-term perspectives for both physical gold and silver.
By Lars Schall
Mr. Engdahl addresses the demand for physical precious metals coming from Asia / Eurasia. The genuine market trend, he says, is that the central banks in that region — in particular the central bank of China — will continue to buy gold in increasing amounts. Moreover, Engdahl talks about the gold reserves of the Western central banks, especially those of Germany and the U.S. Asked about his long-term expectations for gold, he states that he is “enormously optimistic”.