Which gold price are new trade transactions using?
7:48a ET Wednesday, April 25, 2012
Dear Friend of GATA and Gold:
Our friend J.S. writes: "It has been all over the news as well as in GATA Dispatches that countries are starting to use gold to facilitate their international trade. Since paper gold is much greater than the supply of real metal, do you know if these international trade transactions in gold are using the paper price or are they revaluing gold upward to reflect the scarcer supply of real metal?"
This is an excellent question. GATA doesn't know the answer but if we were paying in gold, as China is said to be doing, and if we knew about the gold price suppression scheme, as China does --
-- we well might ascribe to our gold a value much higher than the price reported by the futures markets. But we can only guess.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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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.
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