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How new Chinese gold exchange may defeat paper market



August 31, 2011 by · Leave a Comment 

GATA

4:45p ET Tuesday, August 30, 2011

Dear Friend of GATA and Gold:

Just after speaking at GATA’s Gold Rush 2011 conference in London this month, Cheviot Asset Management’s investment director, Ned Naylor-Leyland, was interviewed by GoldMoney founder James Turk about the details of the new Pan Asia Gold Exchange, which Naylor-Leyland believes may make the spot physical gold market dominant over the paper market ruled by price-suppressing investment banks. The interview is 16 minutes long and you can watch it at the GoldMoney Internet site here:

http://www.goldmoney.com/video/naylor-leyland-turk-interview.html?gmrefc…

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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