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Brandon White: Gold confiscation -- the juice isn't worth the squeeze
1:59p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Gold confiscation by governments in the United States, Canada, and other Western countries isn't likely, GATA's old friend the gold industry veteran Brandon White writes this week, because the public owns too little of the monetary metal to make confiscation profitable.
... Dispatch continues below ...
Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario
Wednesday, July 28, 2021
Good Mining Exploration Inc., a private, junior mining exploration company, has restarted its exploration efforts for economic gold deposits in its Golden Target Project. The GT is within the Timmins gold camp just south of Matheson, Ontario, on the Arrow fault, close to the prolific Destor Porcupine Fault zone.
Good Mining Exploration continues to hold 100 percent of the mining rights associated with the GT, a contiguous land package of 726 claim cells covering approximately 13,676 hectares.
(This announcement was approved by Joel Scodnick, PGeo., an independent consultant to Good Mining Exploration, in his capacity as a qualified person as defined by National Instrument 43-101.)
... For more detailed information, please visit:
Instead, White argues, governments would profit much more and far more easily from gold by raising taxes on gold mining companies, especially since Canadian taxes on mining companies are close to the lowest in the world.
White's analysis is headlined "Gold Confiscation? Juice Not Worth the Squeeze" and it's posted at the internet site of Good Mining Exploration Inc. here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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