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Monetary Metals and Valaurum show that gold remains money and pays interest

By: Chris Powell, Secretary/Treasurer, GATA

 -- 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

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16


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 -- Published: Friday, 15 July 2016 | E-Mail  | Print  | Source: GoldSeek.com

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