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TF Metals Report: Deutsche Bank's silver-rigging settlement is bigger than it looks
10:47a ET Tuesday, October 18, 2016
Dear Friend of GATA and Gold:
While Deutsche Bank's $38 million payment to settle a class-action lawsuit alleging the bank's rigging of the silver market may seem small, the TF Metals Report's Turd Ferguson explains today why it's really a big deal. His commentary is headlined "The Importance of the Deutsche Bank Silver Fix Lawsuit Settlement" and it's posted at the TF Metals Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
13.4 Trillion Reasons Why New BMG Silver BullionFund
Makes Sense for Investors Looking for a Safe Haven
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:
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