RE: USA credit rating downwards. Gold is seen as a safe haven.18 May 2025 18:58
Steer believes the current price suppression cannot last indefinitely. "The moment that these bullion banks stop going short against all the people that are going long, you could see the price at some fantastic price within no time at all," he predicted. He likened the bullion banks to a "cork in the price bottle," suggesting that even a temporary pause in their short-selling activity could trigger a dramatic price surge. "If they put their hands in their pocket, even for 24 hours, we'd see gold and silver prices that you frankly can't believe."