Grant Williams' presentation to last month's Mines and Money London conference
9:56p ET Monday, January 4, 2016
Dear Friend of GATA and Gold:
Zero Hedge has posted the wonderfully entertaining presentation made last month at the Mines and Money conference in London by Singapore-based fund manager Grant Williams, who notes the incongruities that pervade the gold market.
Williams says that while nobody seems to care about gold anymore, at least at establishment levels in the West, in fact central banks have turned from sellers to buyers and demand for metal is robust nearly everywhere, especially in China, where the Shanghai Gold Exchange is delivering 52 times more metal than the exchange perceived to set world prices, the New York Commodities Exchange.
Further, Williams says, while the gold price has been slaughtered for four years, simultaneously the fundamental factors supporting a higher price have increased greatly.
Williams notes that market rigging by central banks and their agent investment banks may be a cause of pricing incongruities. He concludes that eventually everyone will care about the gold price and that there's not enough gold to accommodate everyone.
Williams' presentation includes data GATA and its consultants have brought to your attention and is headlined "Gold: The Unsurance Policy -- Love It or Loathe It." It is 28 minutes long and can be viewed at Zero Hedge here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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