You are here
Jan Skoyles: Will blockchain serve gold investors or just government gold vaults?
11:52a ET Thursday, December 22, 2016
Dear Friend of GATA and Gold:
GoldCore's Jan Skoyles writes today that attaching "blockchain" technology to gold transactions and vaulting does not necessarily accomplish much for gold investors, especially when a government is holding the gold for its nominal owners.
Skoyles writes: "So when we invest in gold, it flummoxes me why many people choose to do so with the help of the very system that has created the need to hold safe-haven assets -- for example, gold and silver. Why place your gold in the custody of a heavily indebted national government?"
Skoyles' commentary is headlined "Royal Mint and CME to Make a Mint on the Blockchain?" and it's posted at GoldCore here:
http://www.goldcore.com/us/gold-blog/royal-mint-cme-make-mint-blockchain/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Market Analyst Fabrice Taylor Expects K92 Shares to Rise
as Company Commences Gold Production and Gains Cash Flow
Interviewed on Business News Network in Canada, market analyst and financial letter writer Fabrice Taylor said shares of K92 Mining (TSXV:KNT) are likely to rise, even amid declining gold prices, because the company has begun producing gold at its mine in Papua New Guinea:
http://www.bnn.ca/video/fabrice-taylor-discusses-k92-mining~1008356
Taylor cited the company's announcement here:
http://www.k92mining.com/2016/11/6114/
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:
