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Paper gold market shouldn't scare investors, von Greyerz tells KWN
4:07p ET Sunday, April 14, 2013
Dear Friend of GATA and Gold:
Gold fund manager Egon von Greyerz tells King World News today that "austerity" will always yield to money printing as political difficulties take over, that talk about gold sales by Cyprus is silly because the gold probably doesn't even exist, and that the paper gold market is a fiction that shouldn't scare gold investors. An excerpt from the interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
How to profit in the new year with silver --
and which stocks to buy now
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GoldMoney Reduces Storage and Exchange Fees
From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit: