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A run on the gold banking system is under way, Turk tells KWN
1:39p ET Monday, August 5, 2013
Dear Friend of GATA and Gold:
GoldMoney founder James Turk tells King World News today that the discovery by GoldMoney research directory Alasdair Macleod of the discrepancy in the Bank of England's custodial gold inventory reports adds to evidence that the fractional-reserve gold banking system is coming apart. The drain of gold from the Bank of England and the New York Commodities Exchange constitutes a run on the system, Turk says. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/5_Tur...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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