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Why outlaw private gold and silver coins?

Section: Daily Dispatches

10:44a ET Tuesday, April 12, 2011

Dear Friend of GATA and Gold (and Silver):

A lawyer from California, Bill Rounds, argues that the prosecution in the Liberty Dollar case in federal court in North Carolina misrepresented the law on private currency systems. It's an interesting constitutional question, perhaps more interesting to those working against manipulation of the precious metals markets because it calls attention to a federal law at issue in the Liberty Dollar case, Title 18, Section 486, of the United States Code, which prohibits the issuance of gold and silver coins "intended for use as current money":

http://www.law.cornell.edu/uscode/18/usc_sec_18_00000486----000-.html

Those who argue that the U.S. government has no interest in manipulating the gold market may have a hard time explaining the necessity of this statute, since there is no similar prohibition in federal law against private issuance of paper money. Why is the government so afraid of gold and silver currency in private hands? And what surreptitious government action might flow from such fear?

Rounds' commentary is headlined "Liberty Dollar II -- Did Prosecutor Anne Tompkins Violate Ethics Rules?" and you can find it at How to Vanish here:

http://www.howtovanish.com/2011/04/liberty-dollar-ii-prosecutor-anne-tom...

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



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Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit,
Extending the Mineralization of the Southwest Vein on the Property

Company Press Release, October 27, 2010

VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:

-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.

-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.

-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.

Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.

"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."

For the company's full press release, please visit:

http://sonaresources.com/_resources/news/SONA_NR19_2010.pdf



Join GATA here:

An Evening with Bill Murphy and James Turk
Sponsored by Deutsche Edelmetall-Gesellschaft
Friday, April 29, 2011
Hofbrauhaus, Munich, Germany

http://www.goldmoney.com/munich-2011-april-29.html

Gold Rush 2011
GATA's London Conference
Thursday-Saturday, August 4-6, 2011
Savoy Hotel, London, England

http://www.gata.org/goldrush2011-london

Support GATA by purchasing gold and silver commemorative coins:

https://www.amsterdamgold.eu/gata/index.asp?BiD=12

Or a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:

http://www.goldrush21.com/

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http://www.gata.org/node/16



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