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If a bank is too big, storing gold there is unsafe, von Greyerz tells KWN

Submitted by cpowell on Wed, 2014-12-10 02:54 Section: Daily Dispatches

8:50a CET Wednesday, December 10, 2014

Dear Friend of GATA and Gold:

Even allocated and segregated gold deposited with a bank whose derivative exposure is bigger than its host nation's gross domestic product is not safe, Swiss gold fund manager Egon von Greyerz tells King World News. He adds that billionaire investor Frank Giustra has gotten bullish on the mining sector. An excerpt from the interview is posted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/9_Bi...

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


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