Only physical gold and silver markets will survive in the future?
Dear Friend of GATA and Gold:
The imminent collapse of the fractional-reserve gold banking system is the primary topic of a discussion between London metals trader and Kinesis Money founder Andrew Maguire and GATA consultant Harvey Organ, a student of the gold and silver markets for 50 years.
— Organ’s lifelong interest in the monetary metals.
— His association with U.S. Commodity Futures Trading Commission member Bart Chilton.
— His testimony to the commission’s 2010 hearing on gold and silver futures at which it was revealed that trading leverage approaches a ratio of 100 to 1.
— The mishandling of the gold and silver he was vaulting at Scotiabank in Toronto and his struggle to recover it.
— The unreliability of the exchange-traded silver fund SLV.
— The big recent changes in the gold and silver market, including the sudden transformation of the New York Commodities Exchange — the Comex — from a derivatives market to a physical market.
— What appears to have become a run on Comex gold and silver.
— And Organ’s expectation that only physical gold and silver markets will survive in the future.
The interview is nearly an hour long and can be viewed at You Tube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here’s what the bottles look like:
Buyers can compose their case by choosing as many as four varietals from the list here:
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at [email protected].
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Support GATA by purchasing
Stuart Englert’s “Rigged”
“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —
— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at [email protected].
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