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Ronan Manly: How central banks and bullion banks work together to create imaginary gold
8:16a ET Tuesday, October 25, 2016
Dear Friend of GATA and Gold:
Examining records of the small gold reserves held by El Salvador's central bank, gold researcher Ronan Manly today demonstrates how central banks, the International Monetary Fund, the Bank for International Settlements, and bullion banks work together to arrange for official gold reserves to multiply themselves on paper, residing on the books of many purported owners at the same time, creating a fractional-reserve bullion banking system. Manly's report is headlined "Bullion Banks Pass the Parcel on El Salvador's Gold Reserves" and it's posted at Bullion Star here:
https://www.bullionstar.com/blogs/ronan-manly/bullion-banks-pass-parcel-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
13.4 Trillion Reasons Why New BMG Silver BullionFund
Makes Sense for Investors Looking for a Safe Haven
Company Announcement
Monday, October 17, 2016
TORONTO, Ontario -- Bullion Management Group Inc., a Canadian pioneer in precious metals investing, has expanded its line of bullion funds with the launch of BMG Silver BullionFund. The new fund invests exclusively in physical silver bullion. It is designed for investors seeking to add silver to their precious metals investments that offer long-term security and potential capital growth.
BMG Silver BullionFund is an open-end mutual fund trust that can be purchased and redeemed daily at net asset value and is eligible for TFSA, RRSP, and RESP investments.
Nick Barisheff, president and CEO of BMG, believes that there are several important reasons why investors looking for a safe haven are adding bullion to their portfolios. He observes that $13.4 trillion of government bonds worldwide now offer yields below zero. ...
For the remainder of the announcement:
http://bmgbullion.com/13-4-trillion-reasons-new-bmg-silver-bullionfund-m...
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