You are here
Stefan Gleason: Sound money needs only for government to stop oppressing the competition
8:51p ET Wednesday, July 18, 2019
Dear Friend of GATA and Gold:
Sound money doesn't need formal restoration of the gold standard by governments, Money Metals Exchange President Stefan Gleason writes this week.
"Sound money has intrinsic value, is stable, is trusted, is fungible, and has widespread acceptance," Gleason writes. "It need not necessarily be gold, although thousands of years of history have shown the yellow metal ably fills that role -- even today."
... Dispatch continues below ...
The Safest and Most Efficient Way to Own
Gold and Silver in the United Kingdom
GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given the growing risks in the United Kingdom and internationally, we have put together for clients who are tax-resident in the United Kingdom an exclusive gold and silver offer free of capital gains tax.
On all lump-sum and pension investments worth more than GBP 10,000 in gold and or silver (capital gains tax-free gold and silver Britannias and gold Sovereigns) stored in Zurich you will benefit from free secure storage for six months. We also will send you one British legal-tender silver bullion coin, a beautiful 1-ounce silver Britannia.
Please visit GoldCore here for more information about this offer:
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at info@goldcore.com or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at:
He continues: "Sound money proponents believe that artificially inflating certain sectors of the economy fosters waste and inefficiency -- not to mention unfairness.
"We believe that markets become corrupted when they are driven by particular words or syllables contained in policy statements issued by a central bank. ...
"Ideally, sound money would spring from market forces, with gold and silver warehouse receipts (and digital equivalents) from the most reputable private vaults and banks gaining acceptance as currency. ...
"A modern sound money system won't be established overnight. Steps toward it can be made through both free-market forces and political activism aimed at freeing precious metals from taxes, legal tender laws, and other impediments to free competition with the fiat dollar."
That is, sound money requires only for government to stop oppressing the competition.
Gleason's commentary is headlined "Monetary Metals Don't Need a 'Gold Standard' Proxy System" and it's posted at the Money Metals Exchange internet site here:
https://www.moneymetals.com/news/2019/07/17/gold-standard-proxy-system-0...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019
https://neworleansconference.com/
* * *
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:
