Douglas Pollitt: Just 30 tonnes of gold can be troublesome these days

Section:

1:55p ET Sunday, February 21, 2016

Dear Friend of GATA and Gold:

In his firm's market letter for February, Douglas Pollitt of Pollitt & Co. in Toronto notes what seem to be much tighter conditions in the market for physical gold and remarks that an order for even 30 tonnes of metal can seem troublesome these days.

"Should the sector return to favor, should even a small fraction of that negative-yielding sovereign debt spill into the one remaining financial asset that cannot be adulterated, the more interesting question is this: Next time, where will they find the metal?"

Pollitt's letter is headlined "Thirty Tonnes of Gold" and he has kindly given GATA permission to post it in PDF format here:

http://www.gata.org/files/Pollitt&CoLetter-February2016.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATa.org



ADVERTISEMENT

Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/



Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

AttachmentSize
Pollitt&CoLetter-February2016.pdf1.19 MB