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John Kim: Don't trust Comex or banks with your gold

Section: Daily Dispatches

11:20a ET Wednesday, September 9, 2020

Dear Friend of GATA and Gold:

Financial writer John Kim today argues that it's not safe to keep gold with the New York Commodities exchange or with banks but only with vaulting operations outside the financial system where you're allowed to see your metal and remove it. The risk of confiscation or fraud is too great, Kim writes.

He cites several recent examples where people thought metal was being vaulted for them only to discover that it wasn't.

Kim's commentary is headlined "Why Holding Warrants on Comex Gold Is Foolish" and it's posted at his internet site, Maalamalama.com, here:

https://maalamalama.com/wordpress/why-holding-warrants-on-comex-gold-is-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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