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James Turk: Heed the wake-up call

Section: Daily Dispatches

8:30p ET Monday, August 28, 2006

Dear Friend of GATA and Gold:

The failure of the Refco brokerage house and the nickel contract of the London Metals Exchange are reminders of the huge difference between owning metal and owning only someone's promise to deliver metal, GoldMoney founder and GATA consultant James Turk writes. You can find his new commentary, "Wake-Up Call," in the "Founder's Commentary" box at the top left of the GoldMoney home page here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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