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Bron Suchecki: How Eastern gold demand is transforming the gold market
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:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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