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Alasdair Macleod: Passing $2,000 is no big deal for gold as it heads to infinity
5:29p ET Thursday, August 6, 2020
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod, writing today, sees little chance of an international currency reset involving gold and silver. Instead, Macleod argues, government currencies are simply going to collapse under infinite issuance and take down with them not only the corrupt fractional-reserve gold banking system but equity markets as well, pushing monetary metals prices to infinity.
Hence, Macleod writes, gold's passing $2,000 per ounce is no big deal in the unfolding age of infinite fiat money.
... Dispatch continues below ...
Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System
Company Announcement via Globe Newswire
Thursday, July 2, 2020
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.
The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:
http://www.asantegold.com/assets/Video/SEMSpitMagSmthCore.mp4
In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...
... For the remainder of the announcement:
https://www.globenewswire.com/news-release/2020/07/02/2056982/0/en/Asant...
Macleod concludes that only restoration of a metallic money system and restraint on government spending can establish a working financial system.
His scary analysis is headlined "Gold at $+2k -- So Why the Fuss?" and it's posted at GoldMoney here:
https://www.goldmoney.com/research/goldmoney-insights/gold-at-2k-so-why-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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