Keith Weiner: Bond paying interest in gold would confirm metal's role as money

Section:

6:44p ET Thursday, August 16, 2018

Dear Friend of GATA and Gold:

Keith Weiner, CEO of Monetary Metals in Scottsdale, Arizona, a sort of gold banking house that seeks to increase gold's use in finance, today appeals for signatures on a petition to Nevada's legislature in support of a proposal to authorize state government to issue bonds with interest payable in gold.

Such a state-issued bond, Weiner notes, would confirm gold's role as money even as respectable people don't want to think of it that way anymore.

It's hard to see why state government would object to the idea now that the gold price is getting smashed every day, reducing the burden of gold-denominated debt. Of course a rising gold price might do a lot more to reiterate gold's ancient function as money. But for that to happen the world may have to wait for surreptitious intervention in the gold market by the Bank for International Settlements to diminish. Instead it increased 17 percent in July:

http://gata.org/node/18419

Weiner's appeal is headlined "Who Would Invest in a Gold Bond?" and it's posted at the Monetary Metals internet site here:

https://monetary-metals.com/who-would-invest-in-a-gold-bond/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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Juggernaut Commences Inaugural Drill Campaign on Its Midas Property

Company Announcement
via Globe Newswire
Tuesday, August 7, 2018

Juggernaut Exploration Ltd. (JUGR.V) reports that it has commenced diamond drilling with the addition of a second rig for the Midas property located near Terrace, British Columbia, Canada. The IP geophysical program on its Midas property is also underway.

Based on new exploration results Juggernaut is ramping up the drilling with the construction of up to 20 pads across both properties targeting multiple new discovery zones with up to three or more holes per pad. ...

Dan Stuart, director, president, and CEO of Juggernaut, says: "The 2018 program is off to a great start and has already exceeded our expectations with multiple new mineralized zones being discovered so early on, further demonstrating the enormous untapped potential of both the Empire and Midas properties. Both properties are 100-percent controlled and located in a world-class geological setting in close proximity to infrastructure. We look forward to reporting drill results once assays have been received, complied, and interpreted." ...

For the remainder of the announcement:

https://globenewswire.com/news-release/2018/08/07/1547980/0/en/Juggernau...



Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

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