You are here
Jan Skoyles: London gold market is too secret to judge its reliability
1:40p ET Wednesday, July 3, 2013
Dear Friend of GATA and Gold:
In recent weeks Jan Skoyles, head of research for The Real Asset Co. in London, set about studying the New York and London gold markets to determine whether they have the metal necessary to meet their obligations. While Skoyles concluded last month that the New York market -- the New York Commodities Exchange -- is in no imminent danger of default --
-- she now reports that the London market is too carefully wrapped in secrecy to permit any judgment. Her new report is headlined "The London Gold Market: What's Behind the Smoke and Mirrors?" and it's posted at The Real Asset Co.'s Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Is your gold safe, secure, and guaranteed?
Why storing it in Canada may be right for you
Canada is one of the safest places to store bullion because of its prosperity and economic and political stability. By vaulting your bullion with Sprott Money's Canadian storage program, you guarantee that your metals are stored securely and privately with little risk.
-- We store with Brink's, a private and non-bank storage facility renowned for its integrity, security, and efficiency.
-- Your precious metals will be safe under the protection of Brink's world-class technology and infrastructure.
-- Your precious metals will be fully insured by Brink's and Sprott Money. In the unlikely event of loss, theft, or physical damage to your metal, you will be fully compensated.
Sprott Money is a recognized and trusted name in the precious metals industry. For more information, please visit:
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
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:
To contribute to GATA, please visit: