You are here
Monetary Metals and Valaurum show that gold remains money and pays interest
12:25p ET Friday, July 15, 2016
Dear Friend of GATA and Gold:
Gold's disparagers often say the monetary metal doesn't pay interest, though of course it does pay interest through gold lending, a common practice among central banks and bullion banks. Now the Monetary Metals investment house in Scottsdale, Arizona, run by Keith Weiner and Bron Suchecki, the latter formerly of the Perth Mint, has announced its own first gold leasing transaction -- to help finance the operations of the gold currency issuer Valaurum in Portland, Oregon:
Monetary Metals says the transaction will charge 5 percent interest, payable in gold:
https://monetary-metals.com/monetary-metals-closes-first-gold-fixed-inco...
That is, gold remains money and unlike other forms of money it's improving every day, though mainstream financial news organizations will never acknowledge it, at least not until they get as much advertising from Barrick Gold and Newmont Mining as they get from JPMorganChase and Goldman Sachs.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
A Contrarian's Call Option on Gold
Sandspring Resources' Toroparu project in Guyana is the fourth-largest gold deposit in South America held by a junior mining company.
Experienced backers of Sandspring Resources include Silver Wheaton, the John Adams / Energy Fuels group in Denver, and Frank Giustra's Fiore Group in Vancouver.
A 2013 preliminary feasibility study shows strong economics for this large-scale mine at US$1,400 gold. With a current gold price below US$1,300, Sandspring is for investors who believe that gold price suppression will be overcome.
For a detailed report on Sandspring Resources by Tommy Humphreys of CEO.CA, please visit:
https://ceo.ca/@tommy/a-ten-million-ounce-call-option-on-gold
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
