Only central banks could handle recent losses on gold futures sales, Turk says

Section:

3:39p ET Sunday, June 30, 2019

Dear Friend of GATA and Gold:

At King World News this weekend, GoldMoney founder James Turk says only central banks could accommodate the sort of losses -- more than $2 billion -- suffered by gold futures sellers since April:

https://kingworldnews.com/central-banks-see-massive-2-2-billion-in-losse...

And Swiss gold fund manager Egon von Greyerz says another Swiss bank seems to have misplaced its client's gold, a reminder that no gold investor should store his gold with a bank:

https://kingworldnews.com/greyerz-another-swiss-bank-cant-find-their-cli...

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


ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

https://neworleansconference.com/

* * *

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