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Gold and silver mining -- a contrarian's dream or target of repression forever?
10:42a ET Sunday, October 4, 2015
Dear Friend of GATA and Gold:
Future Money Trends has just produced a five-minute promotional video illustrating the devastation in the mining industry and particularly the gold mining industry, where assets are trading at low values not seen for decades. This suggests, the video argues, that the sector is a contrarian's dream -- provided, of course, that when the fractional-reserve gold banking system explodes or governments revalue gold upward substantially to devalue their currencies and the debts owed in them, those governments won't also nationalize gold and silver mines or impose punitive new royalty requirements on them.
In any case the video is also interesting as a reminder of the gold and silver mining industry's indifference to its destruction by what even some central bankers themselves call "financial repression" -- the rigging of markets like the monetary metals markets. Whether or not mining shares are an unprecedented bargain, the industry sure could use new ownership.
The Future Money Trends video is titled "Extremes Happening in Gold and Mining Sector" and it's posted at You Tube here:
https://www.youtube.com/watch?v=47mWfa1AxwM&feature=youtu.be
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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