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Bron Suchecki: Why Asian gold exchanges haven't cracked the London market
11:20a ET Monday, January 12, 2015
Dear Friend of GATA and Gold:
The Perth Mint's Bron Suchecki argues today that Asian gold exchanges will have trouble overcoming the supremacy of the London gold market because of costly intermediate steps the exchanges necessarily put between buyers and sellers. Suchecki notes that this efficiency comes at the expense of transparency and that bullion banks like it that way.
Maybe central banks, the patrons and provisioners of bullion banks, like it that way too.
Suchecki's commentary is headlined "Why Asian Gold Contracts/Exchanges Haven't Been Able to Crack the London Market" and it's posted at his Internet site, Gold Chat, here:
http://goldchat.blogspot.com/2015/01/why-asian-gold-contractsexchanges.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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