by Mac Slavo
Last year, following an attempt to motivate the Commodities Futures Trading Commission into investigating rampant manipulation of gold and silver prices, the Chief Executive of one of the world’s leading primary silver companies called on other producers to withhold precious metals from the market in an effort to stem the fraud. He recently reported that not a single producer contacted him to do so. But as precious metals prices fail to reflect the growing demand around the world, one company in particular is actively preparing to do exactly that.
MX Gold Corp CEO Akash Patel and CFO Kenneth Phillippe say that they are positioning their company to stockpile between 20% to 30% of their physical gold production in coming months, noting that prices are nowhere near where they should be at current supply and demand levels. In an interview with SGT Report,