where is the savage depression the predicted, page-20

"News reports that Deutsche Bank is pulling out of the London gold fixing without finding a buyer for its seat adds to a trend in which the event is losing some of its prestige but probably won’t have a major impact on the broader market, analysts said."

The significant of Deutsche not being able to give its seat away is that the market no longer regards London as the centre of the gold market. I bet if the seat was in Shanghai or HK, people would be jumping at it....

http://www.kitco.com/news/2014-04-29/Analysts-Deutsche-Bank-Exit-From-London-Fixing-To-Have-Little-Impact-On-Gold-Prices.html