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Peter DeGraaf: Gold and silver miners should 'starve the paper market'
5:46p HTK Friday, April 8, 2016
Dear Friend of GATA and Gold:
Financial letter writer Peter DeGraaf urges gold and silver mining companies to stop selling their production to warehouses that supply bullion to be derivatized and hypothecated by bullion banks and instead to "starve the paper market" by producing more metal for retail investors and collectors in the form of rounds and small bars. DeGraaf's urging is headlined "An Open Letter to Mining CEOs" and it's posted at 24hGold here:
-- and at GoldSeek here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore
Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.
Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.
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Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore
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