Jeffrey Nichols: Looking behind the Saudi gold holdings increase

Section:

10:52a ET Wednesday, June 23, 2010

Dear Friend of GATA and Gold:

Writing for Resource Investor, Jeffrey Nichols of Rosland Capital in Santa Monica, California, notes the sudden more than doubling of the gold reserves reported by Saudi Arabia and speculates that Saudi Arabia and other oil-exporting nations are likely buying gold "on the sly through their sovereign wealth funds that do not necessarily report their investment holdings." If so, the gold suppression scheme of the paper pushers in London and New York may be very near its end. Nichols' commentary is headlined "Looking Behind the Saudi Gold Holdings Increase" and you can find it at Resource Investor here:

http://www.resourceinvestor.com/News/2010/6/Pages/Looking-Behind-the-Sau...

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



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