You are here
CME Group CEO calls gold wildly underpriced but feigns nothing to do with it
6:49p ET Wednesday, July 12, 2017
Dear Friend of GATA and Gold:
The TF Metals Report calls attention to an interview given today to Fox Business News by Terry Duffy, CEO of CME Group, operator of the major futures exchanges in the United States, in which Duffy said gold is underpriced by thousands of dollars per ounce. But Duffy attributes the underpricing not to the rigging of the futures markets by the governments and central banks that receive volume discounts for their surreptitious trading in CME Group futures contracts, about which Duffy surely knows --
http://www.gata.org/node/14385
http://www.gata.org/node/14411
-- but rather by the indifference of investors to political volatility around the world.
Of course any such indifference may be nurtured by government suppression of monetary metals prices on CME Group exchanges.
The TF Metals Report's report is headlined "Must-See Video" and it's posted here:
https://www.tfmetalsreport.com/blog/8441/must-see-video
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Storage and Withdrawal of Gold with Bullion Star in Singapore
Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.
Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.
Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.
For more information, please visit Bullion Star here:
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/
Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/
* * *
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:
