Nick Barisheff: Allocated bullion storage — Do you really own the bullion?
July 20, 2012 by goldguru · Leave a Comment
GATA
9:15p ET Thursday, July 19, 2012
Dear Friend of GATA and Gold:
Bullion dealer Nick Barisheff today earns his tinfoil hat with commentary acknowledging that precious metals exchange-traded funds likely contain assets that have been borrowed and that could fall into dispute during episodes of extreme market stress — just when precious metals investors will want secure access to their metal. Barisheff’s commentary is headlined “Allocated Bullion Storage: Do You Really Own the Bullion?” and it’s posted at 24hGold here:
http://www.24hgold.com/english/news-gold-silver-allocated-bullion-storag…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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