Paper gold market can't survive its exteme leverage, von Greyerz tells KWN


8:45p ET Sunday, November 10, 2019

Dear Friend of GATA and Gold:

In comments at King World News, Swiss gold fund manager Egon von Greyerz notes the unreality of the paper gold market.

"The corrupt and manipulated paper gold market is guaranteed to fail," von Greyerz contends. "A market that is leveraged at 300 times the underlying physical or real market has no chance of survival. When the holders of paper gold realize that they are holding a worthless piece of paper, the whole paper market will implode and the price of gold will skyrocket. This is not a question of if but when."

Von Greyerz's comments are posted at KWN here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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