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Monetary metals mining shares have never been cheaper, Turk says
4:12p ET Monday, March 4, 2013
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk today tells King World News that gold and silver mining shares have never been cheaper relative to the metal the miners produce. Turk offers some likely reasons, and your secretary/treasurer will offer another, though not one arising directly from any company's financial books. That is, most -- nearly all -- gold and silver mining company managements fail to realize that their product is natural money, not mere rock, and that, as these miners manufacture money, central banks and the investment houses that act as central bank agents are dedicated to destroying the miners' product and the miners with it.
With a mere million or two million dollars in legal and publicity expense, the monetary metals mining industry could expose and thereby likely render useless the mechanisms of price suppression. Instead the small portion of the industry that has some industry awareness supports a trade organization, the World Gold Council, whose primary function seems to be to ensure that there never is a world gold council.
If the monetary metals mining industry lacks the wit to stand up for itself, investors well may wonder why they should put their money into it. At least investors in monetary metals mining companies should ask company managements to explain their thoughts about their product, central banks, and GATA's work.
An excerpt from Turk's interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/4_Jam...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
How to profit in the new year with silver --
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