ATA's Chris Powell on the silver manipulation probe & Fed gold audit
The Financial Times reported US regulators are increasingly likely to drop the four-year investigation of silver manipulation, failing to find enough evidence. Bart Chilton, CFTC Commissioner, told a Motley Fool reporter that this FT report is premature and inaccurate. We find out what Chris Powell, co-founder and treasurer of the Gold Anti- Trust Action Committee, thinks. Also, the Federal Government is auditing the gold stored at the New York Fed. Are those who have been calling for an audit for years satisfied, or does this miss the point? And talking about precious metals, are shares in Wal-Mart as good as gold? Since 40% of Wal-Mart’s revenue is from food stamps, according to one of our guests, should investors go long on government subsidies? Lauren and Demetri give you their take in Loose Change.