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Noranda continues acquisition talks with China''s Minmetals
8:12p ET Tuesday, January 4, 2005
Dear Friend of GATA and Gold:
In a letter released today in response to an inquiry
from GATA, the U.S. Treasury Department declared that
it has no statutory authority to confiscate gold.
GATA made the inquiry last fall through the office of
U.S. Rep. John B. Larson, Democrat of Connecticut,
co-sponsor with U.S. Rep. Ron Paul, Republican of
Texas, of legislation to require the Treasury
Department to obtain the approval of Congress before
intervening in the gold market.
GATA's inquiry was prompted by enduring fears and
rumors among gold investors about the legal security
of their gold, prompted in part by the U.S.
government's attempt in 1933 to confiscate monetary
gold by presidential decree.
The Treasury Department's letter was dated December
17 and was received today by Representative Larson's
office. The letter was signed by Roberta K. McInerney,
the department's assistant general counsel, and
addressed to Michael Kirk, Representative Larson's
press secretary. The letter reads as follows:
"Dear Mr. Kirk:
"I am writing in response to your e-mail of
November 29, 2004, which forwarded a question
from a constituent of Congressman Larson's as to
whether the Treasury Department could force the
redemption of U.S. gold bullion coins at face
value, or the surrender of foreign bullion coins.
"In Public Law 97-258 (Sept. 13, 1982), Congress
eliminated a statute (12 USC 248 n) which had
allowed the secretary of the Treasury to require
individuals and others to deliver to the Treasury
gold coins, bullion, and certificates. As a result,
this statutory authority no longer exists.
"I hope this information is helpful. Please let us
know if you have further questions or need
additional information.
"Roberta K. McInerney
"Assistant General Counsel
"(Banking and Finance)
"Department of the Treasury
"Washington, D.C. 20220"
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
----------------------------------------------------
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http://www.capitalupdates.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.goldismoney.info/index.html
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.investmentrarities.com
http://www.kereport.com
(Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm
(In Spanish)
http://www.plata.com.mx/plata/plata/english.htm
(In English)
http://www.resourceinvestor.com
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http://www.interventionalanalysis.com
http://www.investmentindicators.com/
Eagle Ranch discussion site:
http://os2eagle.net/checksum.htm
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
----------------------------------------------------
COIN AND PRECIOUS METALS DEALERS
WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS
Blanchard & Co. Inc.
909 Poydras St., Suite 1900
New Orleans, Louisiana 70112
888-413-4653
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Centennial Precious Metals
3033 East First Ave., Suite 807
Denver, Colorado 80206
1-800-869-5115
http://www.USAGOLD.com
Michael Kosares, Proprietor
cpm@usagold.com
Colorado Gold
222 South 5th St.
Montrose, Colorado 81401
http://www.ColoradoGold.com
Don Stott, Proprietor
1-888-786-8822
Gold@gwe.net
El Dorado Discount Gold
Box 11296
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Harvey Gordin, President
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Mobile: 602-228-8203
harvey@eldoradogold.net
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Mespil House
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+353 1 2315260/6
Fax: +353 1 2315202
http://www.goldinvestments.org
info@gold.ie
Investment Rarities Inc.
7850 Metro Parkway
Minneapolis, Minnesota 55425
http://www.gloomdoom.com
Greg Westgaard, Sales Manager
1-800-328-1860, Ext. 8889
gwestgaard@investmentrarities.com
Kitco
178 West Service Road
Champlain, N.Y. 12919
Toll Free:1-877-775-4826
Fax: 518-298-3457
and
620 Cathcart, Suite 900
Montreal, Quebec H3B 1M1
Canada
Toll-free:1-800-363-7053
Fax: 514-875-6484
http://www.kitco.com
Lee Certified Coins
P.O. Box 1045
454 Daniel Webster Highway
Merrimack, New Hampshire 03054
http://www.certifiedcoins.com
Ed Lee, Proprietor
1-800-835-6000
leecoins@aol.com
Miles Franklin Ltd.
3015 Ottawa Ave. South
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1-800-822-8080 / 952-929-1129
fax: 952-925-0143
http://www.milesfranklin.com
Contacts: David Schectman,
Andy Schectman, and Bob Sichel
Missouri Coin Co.
11742 Manchester Road
St. Louis, MO 63131-4614
info@mocoin.com
314-965-9797
1-800-280-9797
http://www.mocoin.com
Resource Consultants Inc.
6139 South Rural Road
Suite 103
Tempe, Arizona 85283-2929
Pat Gorman, Proprietor
1-800-494-4149, 480-820-5877
Metalguys@aol.com
Swiss America Trading Corp.
15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.swissamerica.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
FiGoldstein@swissamerica.com
The Moneychanger
Box 178
Westpoint, Tennessee 38486
http://www.the-moneychanger.com
Franklin Sanders
1-888-218-9226, 931-766-6066
----------------------------------------------------
HOW TO HELP GATA
If you benefit from GATA's dispatches, please
consider making a financial contribution to
GATA. We welcome contributions as follows.
By check:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, CT 06043-7541
USA
By credit card (MasterCard, Visa, and
Discover) over the Internet:
http://www.gata.org/creditcard.html
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http://www.GoldMoney.com
Gold Anti-Trust Action Committee Inc.
Holding number 50-08-58-L
Donors of $1,000 or more will, upon request,
be sent a print of Alain Despert's colorful
painting symbolizing our cause, titled GATA.
Donors of $200 or more will receive a copy
of The ABCs of Gold Investing by Michael
Kosares, proprietor of Centennial Precious
Metals in Denver, Colorado.
GATA is a civil rights and educational
organization under the U.S. Internal Revenue
Code and contributions to it are tax-deductible
in the United States.
