On The Imminent Collapse Of The Fractional-Reserve Gold Banking System

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from Silver Doctors:

Only physical gold and silver markets will survive in the future?

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

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.

They review:

— 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:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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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

Read More @ SilverDoctors.com