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Sinclair: Clueless central bankers on verge of shattering confidence in banks
9:34p ET Monday, April 8, 2013
Dear Friend of GATA and Gold:
Mining entrepreneur and gold trader Jim Sinclair sees cluelessness and division among central bankers on the issue of "bail in" exposure for depositors of troubled banks. In an interview with King World News, Sinclair says another "bail in" will increase money velocity for a few seconds as money goes into hiding to escape confiscation and then freeze it before unleashing it into worldwide hyperinflation. The only thing that "quantitative easing" has purchased, Sinclair adds, is confidence in bank deposits, but now central banks are on the verge of squandering that. An excerpt from the interview is headlined "Conflict Erupts as Elites Plan More Wealth Destruction" and it's posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/9_Sin...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
How to profit in the new year with silver --
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To learn about this report, please visit:
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GoldMoney Reduces Storage and Exchange Fees
From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit:
http://www.goldmoney.com/lower-fees-overview?gmrefcode=gata
