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Price suppression ends if buyers take delivery, Swiss refiner tells Physical Gold Fund
9:19p ET Wednesday, September 23, 2015
Dear Friend of GATA and Gold:
Physical Gold Fund's John Ward today interviews an unidentified director of a large Swiss gold refinery who asserts, among other things, that gold is heading from West to East in huge volumes; that the gold price at the moment has no correlation to the physical market, which is tight; that if gold buyers ever start taking delivery of metal instead of leaving their metal on deposit with bullion banks, the situation could become dangerous; but that as long as buyers don't take delivery, the current price mechanism -- that is, price suppression by central banks and their bullion bank agents -- can continue forever.
Of course this is pretty much the account that GATA and others, like JSMineset's Jim Sinclair, have been providing for a long time.
The interview is 23 minutes long and can be heard at the Physical Gold Fund's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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