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Bron Suchecki: Fractional reserve bullion banking and gold bank runs: a run or a stroll?
8:10a ET Friday, February 14, 2014
Dear Friend of GATA and Gold:
Bron Suchecki of the Perth Mint today continues his series about bullion banking and its vulnerabilities to a rush out of "unallocated" gold, "paper" gold, into real metal, and from GATA's perspective it's most interesting for acknowledging that the primary safeguard against such a panic is gold lending by central banks. Suchecki's commentary is headlined "Fractional Reserve Bullion Banking and Gold Bank Runs: a Run or Stroll?" and it's posted at his Internet site, Gold Chat, here:
http://goldchat.blogspot.com/2014/02/fractional-reserve-bullion-banking-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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