Don't be scared off, Kim cautions; von Greyerz notes gold scarcity |  |
Market analyst J.S. Kim's new "Essential Newbie Guide for Buying Gold and Silver" cautions investors to be ready for but not to be scared off by central banks and bullion banks manipulating monetary metals prices. Citing GATA, Kim writes: "We are still in the stage when the truth about gold and silver price manipulation schemes is being violently opposed but we will soon be moving into the stage when this truth becomes self-evident." Kim's commentary is posted at The Underground Investor's Internet site here:
http://www.theundergroundinvestor.com/2012/12/the-essential-newbie-guide...
Meanwhile gold fund manager Egon von Greyerz of Matterhorn Asset Management and GoldSwitzerland remarks on the apparent scarcity of real metal behind a blizzard of paper claims. Von Greyerz writes: "Regularly when GoldSwitzerland transfers what should be a client's physical allocated gold bars from Swiss banks to vaults outside the banking system, the bank does not actually have the physical but must acquire it. Paper gold outstanding is around 100 times the amount of physical gold available. Thus all paper holders can never get physical delivery. This also goes for most exchange-traded funds."
Von Greyerz's commentary is headlined "Gold and Silver Poised for Major Move" and it's posted at GoldSwitzerland's Internet site here:
http://goldswitzerland.com/gold-and-silver-poised-for-a-major-move/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
No comments:
Post a Comment