-- Published: Friday, 15 July 2016 | Print | Disqus
Dear Friend of GATA and Gold:
Gold's disparagers often say the monetary metal doesn't pay interest, though of course it does pay interest through gold lending, a common practice among central banks and bullion banks. Now the Monetary Metals investment house in Scottsdale, Arizona, run by Keith Weiner and Bron Suchecki, the latter formerly of the Perth Mint, has announced its own first gold leasing transaction -- to help finance the operations of the gold currency issuer Valaurum in Portland, Oregon:
http://valaurum.com/
Monetary Metals says the transaction will charge 5 percent interest, payable in gold:
https://monetary-metals.com/monetary-metals-closes-first-gold-fixed-inco...
That is, gold remains money and unlike other forms of money it's improving every day, though mainstream financial news organizations will never acknowledge it, at least not until they get as much advertising from Barrick Gold and Newmont Mining as they get from JPMorganChase and Goldman Sachs.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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http://neworleansconference.com/
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-- Published: Friday, 15 July 2016 | E-Mail | Print | Source: GoldSeek.com
