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New York Sun: Bernanke warns his creator
9p ET Monday, October 1, 2012
Dear Friend of GATA and Gold:
"Transparency is not political interference," The New York Sun notes today in an editorial scolding Federal Reserve Chairman Ben Bernanke for seeming to warn Congress to stay out of what is actually Congress' proper business.
"It is way past time for the Congress to open up the Fed's operations for a proper inspection. The audit-the-Fed bill, more formally known as HR 459 or the Federal Reserve Transparency Act, passed the House by vote of 327 to 98. Does one think the House could be trying to tell the chairman something? Where does the Federal Reserve chairman come off entering the political fray to campaign against such a measure by the Congress that created the Fed?"
Of course transparency is a step toward political interference. But so what? As U.S. Rep. Ron Paul has noted, the Fed, unelected, in effect appropriates far more money than the elected branches of government. Besides, there is politics in everything; the only question is whether it is public, democratic politics or private, undemocratic politics, the latter being the Fed's kind.
The Sun's editorial is headlined "Bernanke Warns His Creator" and it's posted here:
http://www.nysun.com/editorials/bernanke-warns-his-creator/88010/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
GoldMoney adds Toronto vaulting option
In addition to its precious metals storage facilities in Hong Kong, Switzerland, and the United Kingdom, GoldMoney customers now can store their gold and silver in a high-security vault operated by Brink's in Toronto, Ontario, Canada.
GoldMoney also has recently partnered with Rhenus Freight Logistics to offer another gold storage option in Switzerland. The Rhenus vault is in the secured zone of Zurich Airport and offers customers superb security as well as the ability to inspect their gold.
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It's easy to open an account, add funds, and liquidate your investment. For more information, visit:
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Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 24-27, 2012
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
http://www.neworleansconference.com/
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
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Prophecy Platinum Intercepts Best Pt+Pd+Au Grades Yet
at Wellgreen Project in Yukon Territory: 5.36 g/t
Company Press Release
Tuesday, September 11, 2012
VANCOUVER, British Columbia -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) announces more results of its 2012 drill program on the company's fully-owned Wellgreen platinum group metals, nickel, and copper project in southwestern Yukon Territory, Canada. Four surface holes and four underground holes all intercepted significant mineralized widths, ranging from 28.5 meters (WS12-201) and up to 459.5 metres (WS12-193). Highlights include WU12-540, which returned 8.9 metres of 5.36 grams per tonne platinum, palladium, and gold; 1.73 percent copper; and 1.01 percent nickel within 304.5 meters of 0.66 g/t platinum-palladium-gold, 0.20 percent copper, and 0.27 percent nickel.
The surface drill program started in June and has completed 16 holes (assays pending for 12 holes) with two rigs now on site. The surface program continues to progress at a steady pace.
Prophecy Chairman John Lee commented: “Wellgreen is a very large nickel, copper, and platinum group metals project with near-surface high-grade zones. High-grade intercepts will be incorporated into resource modeling and mine planning in the pre-feasibility study. We expect further positive drill results from Wellgreen shortly.”
Wellgreen features a low 2.59-to-1 strip ratio, is situated at an altitude of 1,300 meters, and is only 15 kilometers from the two-lane paved Alaska Highway. Those factors significantly minimize the project's indirect costs.
For the complete company statement with full tabulation of the drilling results, please visit:
http://prophecyplat.com/news_2012_sep11_prophecy_platinum_drill_results.php
