from Silver Doctors:
Only physical gold and silver markets will survive in the future?
Dear Friend of GATA and Gold:
The imminent collapse of the fractional-reserve gold banking system is the primary topic of a discussion between London metals trader and Kinesis Money founder Andrew Maguire and GATA consultant Harvey Organ, a student of the gold and silver markets for 50 years.
— Organ’s lifelong interest in the monetary metals.
— His association with U.S. Commodity Futures Trading Commission member Bart Chilton.
— His testimony to the commission’s 2010 hearing on gold and silver futures at which it was revealed that trading leverage approaches a ratio of 100 to 1.
— The mishandling of the gold and silver he was vaulting at Scotiabank in Toronto and his struggle to recover it.
— The unreliability of the exchange-traded silver fund SLV.
— The big recent changes in the gold and silver market, including the sudden transformation of the New York Commodities Exchange — the Comex — from a derivatives market to a physical market.
— What appears to have become a run on Comex gold and silver.
— And Organ’s expectation that only physical gold and silver markets will survive in the future.
The interview is nearly an hour long and can be viewed at You Tube here:
Gold Anti-Trust Action Committee Inc.
* * *
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:
Buyers can compose their case by choosing as many as four varietals from the list here: