| Tocqueville Gold Fund Portfolio Manager and Senior Managing Director, John Hathaway, suggests “a gathering loss of investor credibility” exists in the traditional intermediaries between financial markets and bullion, such as Comex and LBMA.
Hathaway asserts, “These intermediaries in reality offer only a very indirect connection to physical metal and depend on a highly levered structure of collateral re-hypothecation, and in our opinion, market ignorance, in order to operate.”..............................................Full Article: Source
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