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Ex-bullion banker tells Bullion Star's Manly that there's more gold 'credit' than metal in London
12:40a ET Friday, November 27, 2020
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly this week interviewed a former London bullion banker, Daniel March, about the operations of the London gold market, the essence of which seems to be that there is an awful lot of gold "credit" and not so much real metal.
March concurs with Manly that the London Bullion Market Association is only pretending to be transparent about gold trading data even as it won't disclose data revealing the actual liquidity of the London gold market -- how much metal belongs to each category of market participants. Without that data traders cannot distinguish central bank gold and the metal owned by long-term investors from the "float" available for ordinary purchase.
... Dispatch continues below ...
Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System
Company Announcement via Globe Newswire
Thursday, July 2, 2020
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.
The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:
http://www.asantegold.com/assets/Video/SEMSpitMagSmthCore.mp4
In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...
... For the remainder of the announcement:
https://www.globenewswire.com/news-release/2020/07/02/2056982/0/en/Asant...
They cover many other topics, including the steady but discreet purchase of gold by the government of China and price prospects for the metal.
The interview is 54 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=asMy2daOr2Q
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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