Bron Suchecki: How bullion banks work together to minimize their need for bullion


7:45a ET Monday, February 10, 2014

Dear Friend of GATA and Gold:

London bullion banks have developed a pretty convenient system for rotating gold liabilities among themselves to minimize the need to move actual gold around or even to have gold on hand as they conduct our business. Further, we can fairly assume that if the system ever runs into difficulties, central banks, as former Federal Reserve Chairman Alan Greenspan told Congress in 1998, still "stand ready to lend gold in increasing quantities should the price rise." The London bullion banks' system is described by the Perth Mint's Bron Suchecki in commentary today at his Internet site, Gold Chat, headlined "Fractional Reserve Bullion Banking and Gold Bank Runs -- Interbank Buddies Business":

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 or write to Fred and Tim at 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

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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:

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: