Grant Williams ties pounding of gold to shortage triggered by Venezuela, Germany
10:50a ET Tuesday, July 16, 2013
Dear Friend of GATA and Gold:
In his new "Things That Make You Go Hmmm" letter, gold fund manager Grant Williams attributes the recent pounding of the gold price to Western central bank efforts to recover enough real metal for repatriation of the Venezuelan and German gold reserves vaulted abroad, what with so much Western central bank gold long having been leased and then sold into the market to suppress the price. Williams cites all the recent developments noted by GATA and construes them pretty much as GATA does as part of a scheme of market rigging. Williams' letter is headlined "What If?" and it's posted at the Mauldin Economics Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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