First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/01/31/physical-bullion-investors-undeterred-by-paper-price-swings-002465
Precious metals aren’t exactly a favored asset on Wall Street or at the Federal Reserve. Thanks to Wikileaks, we know the futures market was originally conceived in the 1970s as a mechanism to increase volatility and “discourage” physical ownership of the monetary metals. Regulators have taken scant enforcement action against price manipulation by corrupt traders at bullion banks.
