You are here

Bron Suchecki: How Eastern gold demand is transforming the gold market

Section: Daily Dispatches

11:18p ET Wednesday, July 16, 2014

Dear Friend of GATA and Gold:

The Perth Mint's Bron Suchecki today adds his comments about last month's London Bullion Market Association conference in Singapore, where speakers emphasized that Asia is increasingly serious about getting its hands on metallic gold rather than paper gold.

Suchecki writes: "There is a big difference in 'integrityness' between a market with the option of physical settlement and where only a few percent of contracts physically settle (for example, Comex) and one where you have to physically settle and there is a 10-percent penalty if you don't (for example, the new Singapore Gold Exchange kilobar contract)."

Suchecki's commentary is headlined "How Eastern Gold Demand Is Transforming the Gold Market" and it's posted at his blog, Gold Chat, here:

http://goldchat.blogspot.com.au/2014/07/how-eastern-gold-demand-is-trans...

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



ADVERTISEMENT

Free Storage with BullionStar in Singapore Until 2016

BullionStar is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

BullionStar's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in BullionStar's bullion vault, which is integrated with BullionStar's shop and showroom, making it a convenient one-stop-shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/



Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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