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Don't be scared off, Kim cautions; von Greyerz notes gold scarcity
12:22p ET Tuesday, December 11, 2012
Dear Friends of GATA and Gold:
Market analyst J.S. Kim's new "Essential Newbie Guide for Buying Gold and Silver" cautions investors to be ready for but not to be scared off by central banks and bullion banks manipulating monetary metals prices. Citing GATA, Kim writes: "We are still in the stage when the truth about gold and silver price manipulation schemes is being violently opposed but we will soon be moving into the stage when this truth becomes self-evident." Kim's commentary is posted at The Underground Investor's Internet site here:
http://www.theundergroundinvestor.com/2012/12/the-essential-newbie-guide...
Meanwhile gold fund manager Egon von Greyerz of Matterhorn Asset Management and GoldSwitzerland remarks on the apparent scarcity of real metal behind a blizzard of paper claims. Von Greyerz writes: "Regularly when GoldSwitzerland transfers what should be a client's physical allocated gold bars from Swiss banks to vaults outside the banking system, the bank does not actually have the physical but must acquire it. Paper gold outstanding is around 100 times the amount of physical gold available. Thus all paper holders can never get physical delivery. This also goes for most exchange-traded funds."
Von Greyerz's commentary is headlined "Gold and Silver Poised for Major Move" and it's posted at GoldSwitzerland's Internet site here:
http://goldswitzerland.com/gold-and-silver-poised-for-a-major-move/
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". ...
http://www.gata.org/node/11765
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...
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:
http://www.thegoldstandardnow.com/publications/the-true-gold-standard
