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Craig Hemke at Sprott Money: Scotiabank jumps ship
8:55p ET Tuesday, May 12, 2020
Dear Friend of GATA and Gold:
Why is the oldest bullion bank, the Bank of Nova Scotia, getting out of the bullion business?
Writing at Sprott Money tonight, the TF Metals Report's Craig Hemke offers some possibilities, foremost among them that bullion banking is about to be destroyed as its "con game of mismatched leases, warrants, and promissory notes" is exposed by overwhelming physical demand.
Hemke's analysis is headlined "Scotiabank Jumps Ship" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/scotiabank-jumps-ship-craig-hemke-may-1...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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