MineWeb notes pro-gold speech by Royal Bank's Fell

11:15a ET Friday, January 26, 2007

Dear Friend of GATA and Gold:

Lawrence Williams writes today at MineWeb:

"A couple of things over the past week have really struck my attention as being very significant, without seemingly exciting much general interest. The first of these was the verbatim report by GATA of a speech by a top Canadian banker. In his address to a dinner in Vancouver, Anthony Fell, chairman of RBC Capital Markets and former president of the Royal Bank of Canada, climbed into the state of currencies worldwide and put forward the place of gold as the safe haven against currency collapse in a big way.

"What is significant here is not that this has been said -- a number of pro-gold commentators have been preaching this story for years and are only now beginning to be vindicated -- but whom it has been said by. Bankers have a tradition of being cautious in both their dealings and their utterances, so when someone like Fell breaks ranks and slates government money supply in this manner and couples it with a paean to the yellow metal, one has to sit up and take notice."

You can find Williams' commentary at MineWeb here:

http://www.mineweb.net/mining_finance/599990.htm

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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