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ETF gold growth is just double-counted paper, von Greyerz tells KWN
11:09a ET Saturday, October 12, 2019
Dear Friend of GATA and Gold:
Swiss gold fund manager Egon von Greyerz tells King World News that while exchange-traded funds are reporting big inflows of gold, demand for real metal from Swiss refineries is not increasing. So he concludes that the ETFs are obtaining only paper claims to gold, and likely claims to gold that is already at least double counted in the bullion banking system.
Von Greyerz's interview is posted at KWN here:
https://kingworldnews.com/greyerz-this-is-the-truly-shocking-thing-about...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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