You are here
Bron Suchecki's primer on bullion banking's fractional-reserve nature
10:17a SRT Friday, February 7, 2014
Dear Friend of GATA and Gold:
The Perth Mint's Bron Suchecki today provides a good primer on the bullion banking business, explaining how the unallocated nature of much of the business is tempered by the timing of the maturity of its obligations. While Suchecki's commentary doesn't really get into GATA's issue, surreptitious intervention in the gold market by central banks, often conducted through intermediaries like bullion banks, maybe it will encourage people to aim their complaints about market manipulation more accurately. Suchecki's commentary is headlined "Fractional-Reserve Bullion Banking and Gold Bank Runs -- How Can I Default on Thee? Let Me Count the Ways" and it's posted at his Internet site, Gold Chat, here:
http://goldchat.blogspot.com/2014/02/fractional-reserve-bullion-banking-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A Personal Touch in Buying Precious Metals
If you've not secured your allocation of precious metals and numismatic coins, 2014 may be the last year to get them at affordable and undervalued prices. With huge amounts of gold leaving the West for Asia, the future availability of precious metals is very much in doubt.
All Pro Gold has competitive pricing on all bullion and numismatic products -- and offers prompt delivery too. Long-time GATA supporters Fred Goldstein and Tim Murphy are glad to answer any questions or concerns about acquiring the monetary metals. All Pro Gold has an extensive electronic library of articles from the world's top market analysts. Learn more at www.allprogold.com or write to Fred and Tim at info@allprogold.com or telephone them at 1-855-377-4653.
Join GATA here:
Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China
http://www.minesandmoney.com/hongkong/
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Jim Sinclair plans seminar in Austin
Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminar from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required. Details for the Austin seminar are posted at JSMineSet.com here:
http://www.jsmineset.com/2014/01/02/austin-texas-qa-session-confirmed/
