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Where is all that gold being stored?
By Danielle Braff
The New York Times
Tuesday, July 28, 2020
We're in the midst of a modern-day gold rush.
The precious metal has reached record high prices in recent days. A survey of 1,000 people by Magnify Money found that one out of six have invested in gold or other precious metals since May, and about half of Americans are seriously thinking about buying gold. (This after Gallup reported in April that Americans had cooled somewhat on stocks as a long-term investment.)
Whether these people are stocking up on gold because they're worried about a pending apocalypse or simply convinced that it's a fabulous investment, they do have one major issue: storage. Bars and coins are bulky. (And let's not get started on jewelry, which can be complicated emotionally.)
... Dispatch continues below ...
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With anxiety about the economy increasing — which tends to rise any time there's political or world turmoil — the need for storage is growing, too, and options are expanding to meet it.
“Gold and silver bullion storage options have simply grown more in location diversity, pricing — with even some offering short-term collateral loan options,” said James Anderson, a research executive at SD Bullion in Toledo, Ohio. “When I began in this industry pre-2008 financial crisis, there were perhaps 10 to 20 domestic bullion storage depositories. Now, there are hundreds in the U.S.A. and abroad.”
... For the remainder of the report:
https://www.nytimes.com/2020/07/28/style/gold-storage.html
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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