Legendary gold investor and market expert James Sinclair ponders the question ‘why is HSBC backing out of the gold storage business?’. James’ musings have ring of truth. Here is an excerpt:

‘I still am plagued by the question, WHY? You make more money from investor accounts than you ever will from large commercials in the same amount of space.Storage is space times charges which equals revenue. After that it is all computerized billing and confirmation.

With gold climbing steadily higher while showing signs that presage a ballistic move upwards, I have to conclude that there is a problem in the gold market itself stirring below sight that the community has little or no idea about.’ Read more here: Fake Gold…