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GoldMoney's Turk still sees gold ETFs as central bank tools for price suppression
8:39p Sunday, March 17, 2024
Dear Friend of GATA and Gold:
At King World News, GoldMoney founder James Turk remarks on the decline of gold holdings claimed by major exchange-traded funds despite the upward trend of the gold price.
Turk writes: "There are so many loopholes in the prospectus of some of the gold ETFs, it has been my contention that they are used by central banks and their bullion bank agents to control the gold price. Their aim is to make fiat currency look better than it deserves by killing the canary in the coal mine, which is the role of an unfettered gold market."
Turk's analysis is headlined "What Is Happening In The Gold Market Is Shocking" and it's posted at King World News here:
https://kingworldnews.com/what-is-happening-in-the-gold-market-is-shocking/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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