Real price of gold is less than real price of central banking
Submitted by cpowell on 11:20AM ET Saturday, January 10, 2009. Section: Daily Dispatches
2:12p ET Saturday, January 10, 2009
Dear Friend of GATA and Gold:
National Geographic's January issue has what has been the usual "global" sort of article about gold mining, written by Brook Larmer, accompanied by stunning photographs taken by Randy Olson, and predictably enough headlined "The Real Price of Gold." The article's thrust is that gold mining is a dirty business with enormous costs to the environment and human health and that these costs are borne largely by poor people.
This is, of course, only half the story, and National Geographic should tell the other half:
— That the environmental and health costs of gold mining can be remediated, but only with a higher price for the product.
— That government price-suppression schemes not only impede the development of poor countries with natural resources but also push the less-regulated gold mining there into the irresponsible practices cited in the National Geographic article.
— That gold is money and that the alternative form of money — government-issued currency without any direct convertibility into gold, silver, or some other valuable commodity — has infinitely greater environmental and human costs that somehow never get inventoried, including much easier resort to war, such as the U.S. invasion of Iraq, which probably would not have been undertaken if it had had to have been financed by direct taxation rather than borrowing and printing; overconsumption; and the general expropriation of the producing class by the financial class.
You can find the National Geographic article on "The Real Price of Gold" here:
http://ngm.nationalgeographic.com/2009/01/gold/larmer-text
Let's see how long we have to wait for the colorful magazine spread on "The Real Price of Fiat Currency and Central Banking."
CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.* * *
Join GATA here:
Vancouver Resource Investment ConferenceVancouver, British Columbia, CanadaSunday-Monday, January 25-26, 2008http://www.cambridgeconferences.com/ch_jan2009.html
* * *
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/.
Contact GATA
info@gata.org
Gold Anti-Trust Action Committee7 Villa Louisa RoadManchester, Connecticut06043-7541 USA
www.gata.org
Recommended Sites
Recommended Internet sites for daily monitoring of gold and precious metals news and analysis.
Free sites:
http://www.24hgold.com
http://www.jsmineset.com
http://www.marketwatch.com
http://www.mineweb.com/
http://www.gold-eagle.com/
http://www.kitco.com/
http://www.usagold.com/
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.GoldSeek.com/
http://www.GoldReview.com/
http://www.capitalupdates.com/
http://www.DailyReckoning.com
http://www.goldenbar.com/
http://www.silver-investor.com
http://www.thebulliondesk.com/
http://www.sharelynx.com/
http://www.mininglife.com/
http://www.financialsense.com
http://www.goldensextant.com
http://www.goldismoney.info/index.html
http://www.howestreet.com
http://www.depression2.tv
http://www.un-debt.net
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.goldcolony.com
http://www.miningstocks.com
http://www.mineralstox.com
http://www.freemarketnews.com
http://www.321gold.com
http://www.SilverSeek.com
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
http://www.miningmx.com
http://www.prudentbear.com
http://www.dollarcollapse.com
http://www.kitcocasey.com
http://000999.forumactif.com/
http://www.golddrivers.com/
http://www.goldpennystocks.com/
http://www.oroyfinanzas.com/
http://www.goldinvestments.org/
http://coininfo.com/
http://www.insidegold.com/
http://www.goldmau.com/
http://www.milesfranklin.com
http://www.silverminers.com
http://www.gold-speculator.com
Subscription sites:
http://www.lemetropolecafe.com/
http://www.marketforceanalysis.com/
http://www.hsletter.com
http://www.interventionalanalysis.com
http://www.investmentindicators.com/
http://www.caseyresearch.com/
http://www.deepcaster.com/
Eagle Ranch discussion site:
http://os2eagle.net/SSL/phpentry.php
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
Recommended Gold & Bullion Dealers
Coin and precious metals dealers who have supported GATAand been recommended by our members:
Anglo Far-East Bullion Co.Level 23, Monticello, Anastasio Ruiz NPanama City, PanamaContact: Alex Stanczyk+1-206-905-9961newclients@anglofareast.comhttp://www.anglofareast.com
Blanchard & Co. Inc.909 Poydras St., Suite 1900New Orleans, Louisiana 70112888-413-4653http://www.blanchardonline.com
Centennial Precious MetalsBox 460009Denver, Colorado 80246-00091-800-869-5115Michael Kosares, Proprietorcpm@usagold.comhttp://www.USAGOLD.com
Colorado Gold222 South 5th St.Montrose, Colorado 81401Don Stott, Proprietor1-888-786-8822Gold@gwe.nethttp://www.ColoradoGold.com
El Dorado Discount Gold13014 North Dale Mabry HighwaySuite 133Tampa, Florida 33618623-643-8785Contact: Eric Levensoneric@eldoradogold.nethttp://www.eldoradogold.net
Gold & Silver Investments Ltd.63 Fitzwilliam SquareDublin 2, Ireland…andTower 42, Level 725 Old Broad St.London, EC2N 1HNUnited KingdomLocal Call Ireland: 1-850-GOLD-IEUK phone: +44 (0) 207-060-4653International: +353 1-632-5010Fax: +353-1-6619664http://www.gold.ie
GoldMoneyNet Transactions Ltd.ASL House12-14 David PlaceSt. Helier, Jersey JE2 4TDChannel Islands, UKInternational: +44-1534-760-133http://GoldMoney.com
Investment Rarities Inc.7850 Metro ParkwayMinneapolis, Minnesota 55425Greg Westgaard, Sales Manager1-800-328-1860, Ext. 8889gwestgaard@investmentrarities.comhttp://www.gloomdoom.com
Jaxville Gold and Silver Trading Co.4901-48 St.Parkland Square, Lower MallRed Deer, Alberta, CanadaJack Fortin, Owner and Operator403-346-5266auric@telus.nethttp://www.jaxville.com
Kitco178 West Service RoadChamplain, N.Y. 12919Toll Free:1-877-775-4826Fax: 518-298-3457…and620 Cathcart, Suite 900Montreal, Quebec H3B 1M1CanadaToll-free:1-800-363-7053Fax: 514-875-6484http://www.kitco.com
Lee Certified CoinsP.O. Box 1045454 Daniel Webster HighwayMerrimack, New Hampshire 03054Ed Lee, Proprietor1-800-835-6000leecoins@aol.comhttp://www.certifiedcoins.com
MRCS Canada12303-118 Ave. NWEdmonton, Alberta T5L 2K2CanadaMichael Riedel, Proprietor1-877-TRY-MRCS1-877-879-6727mrcscanada@shaw.cahttp://www.mrcscanada.com
Miles Franklin Ltd.1001 Twelve Oaks Center DriveSuite 1028Wayzata, MN 553911-800-822-8080Contacts: David Schectman,Andy Schectman, and Bob Sichelhttp://www.milesfranklin.com
Missouri Coin Co.11742 Manchester RoadSt. Louis, MO 63131-4614info@mocoin.com314-965-97971-800-280-9797http://www.mocoin.com
Resource Consultants Inc.6139 South Rural RoadSuite 103Tempe, Arizona 85283-2929Pat Gorman, Proprietor1-800-494-4149, 480-820-5877Metalguys@aol.comhttp://www.buysilvernow.com
Silver Trading Co.445 Montgomery St.PO Box 876Shreveport, Louisiana 71107Larry LaBorde, Proprietor318-470-7291LLaBord@silvertrading.nethttp://www.silvertrading.net
SprottMoney Ltd.Royal Bank South Tower200 Bay St.Suite 2750, P.O. Box 90Toronto, Ontario M5J 2J2Canada416-861-0775or toll-free 888-861-0775sales@sprottmoney.comhttp://www.sprottmoney.com
Swiss America Trading Corp.15018 North Tatum Blvd.Phoenix, Arizona 85032Dr. Fred I. Goldstein, Senior Broker1-800-BUY-COINFiGoldstein@swissamerica.comhttp://www.swissamerica.com
The MoneychangerBox 178Westpoint, Tennessee 38486Franklin Sanders1-888-218-9226, 931-766-6066http://www.the-moneychanger.com
You are subscribed to the GATA Dispatch mailing list. You can instantly unsubscribe from these emails by clicking here.Copyright © 1999-2006 All rights reserved.
(L'autore del presente articolo non è iscritto all'ordine dei giornalisti e potrebbe detenere i titoli oggetto dei suoi articoli)
