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Adam Taggart: A new way to hold gold -- right alongside the bills in your wallet
10:34a PT Sunday, January 19, 2014
Dear Friend of GATA and Gold:
Peak Prosperity's Adam Taggart reports today that technology has produced a way to put gold into regular "paper" currency that can be carried in wallets and pocketbooks right along with ordinary currency -- gold that is fully recoverable by reprocessing the currency note. The gold note, called an Aurum, Taggart writes, "offers similar potential as a coin or bar, in terms of providing a vehicle for storing and exchanging known, dependable increments of precious metals -- just in much smaller (and more affordable) amounts than commercially available to date."
Taggart adds: "The big idea here? In a world where a 1-ounce coin of gold costs over $1,200, an Aurum will let you hold a few dollars' worth of gold in a single note. If you've got pocket change, you can be a precious metals owner."
This radical democratizing of gold may strike a powerful blow at the old canard that there isn't enough gold in the world to support restoration of a gold standard.
Taggart's report is fascinating, is headlined "A New Way to Hold Gold -- Right Alongside the Bills in Your Wallet," and is posted at Peak Prosperity here:
http://www.peakprosperity.com/podcast/84359/new-way-hold-gold
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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