'The big move' in gold is under way, von Greyerz tells King World News
5:52p ET Tuesday, November 6, 2012
Dear Friend of GATA and Gold:
Gold fund manager Egon von Greyerz today tells King World News that buyers of gold have not been discouraged by the recent paper-market games in advance of the U.S. presidential election and that today's sharp and sudden rise is the beginning of "the big move." An excerpt from the interview with von Greyerz is posted at the King World News blog here:
Of course we've all heard encouragement like this before, but maybe it is given credence by today's commentary by Kitco's senior metals analyst, Jon Nadler, whose position long has been that everyone should own some gold but should have bought it long ago and that, for many years now, gold has been suitable only for selling, even as its price over the last 13 years has risen from $260 to more than $1,700. Nadler's latest exhortation to sell gold was posted at Kitco at 9:50 a.m. ET:
That posting seems to have marked precisely gold's low for the day and the moment of its explosion:
Even the great gold disparagers Dennis Gartman of The Gartman Letter and Jeff Christian of CPM Group can't do better than that.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fred Goldstein and Tim Murphy open All Pro Gold
Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and Tim@allprogold.com, Fred at 602-799-8378 and Fred@allprogold.com. Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at http://www.allprogold.com/.
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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
To buy a copy of "The True Gold Standard," please visit: