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South Carolina state treasurer's report notes gold and silver price suppression
11:51a ET Saturday, March 31, 2012
Dear Friend of GATA and Gold (and Silver):
Thanks to Christian Garcia of GoldSilver.com for calling attention to the report recently prepared by the office of South Carolina State Treasurer Curtis M. Loftis Jr., at the direction of the state legislature, about the advisability of investing state funds in gold and silver. A GoldSilver.com news video citing the report is posted at YouTube here:
http://www.youtube.com/watch?v=ll-9un7IIfw&lc=hkdJx_zazqJq7sp0G5SgJSAYjS...
The state treasurer's office seems to have discovered GATA's work and to have fully adopted our conclusions, as it tells the legislature: "Similar to other commodities, the value of gold and silver is determined by supply and demand, as well as speculation. The Federal Reserve, London Bullion Market Association, JP Morgan Chase, and HSCB Holdings have practiced fractional-reserve banking and engaged in naked short selling causing artificial price suppression."
The state treasurer's report is posted at his Internet site here:
http://www.treasurer.sc.gov/Documents/Proviso%2089%20145.pdf
And, just in case, at GATA's Internet site here:
http://www.gata.org/files/SouthCarolinaTreasurerReportOnGold&Silver-2012...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Golden Phoenix Discusses Royalty Mining Growth Strategy
on '21st Century Business' on Fox Business Network
Golden Phoenix Minerals Inc. has discussed its royalty mining growth strategy on the Fox Business Network program "21st Century Business" with host Jackie Bales. Golden Phoenix's director of corporate communications, Robert Ian, told how the company narrows its focus to project generation and future royalty streams. He explained why Golden Phoenix believes it's better to own joint-venture interests in several producing mines instead of full exposure to just one project.
"21st Century Business" has been airing for 15 years. Previous hosts have included Gen. Alexander Haig, Gen.l Norman Schwarzkopf, and Secretary of Defense Caspar Weinberger. Golden Phoenix appeared as paid programming on this broadcast.
To view the program with Golden Phoenix, please visit Golden Phoenix's Internet site here:
http://www.goldenphoenix.us/company-videos.html
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
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