Urge C-SPAN to broadcast June 23 hearing on gold audit legislation


1:43p ET Saturday, June 18, 2011

Dear Friend of GATA and Gold:

The U.S. House Subcommittee on Domestic Monetary Policy and Technology, chaired by U.S. Rep. Ron Paul, R-Texas, will hold a hearing Thursday, June 23, on Paul's proposed legislation to audit the U.S. gold reserve. Notice of the hearing can be found at the Internet site of the House Financial Services Committee here:


The text of Paul's legislation, H.R. 1495, has been posted at the Open Congress Internet site here:


Pointed questions about surreptitious use of the gold reserve may be posed at the hearing to representatives of the U.S. Treasury Department and Federal Reserve. Unfortunately it's very unlikely that there will be any mainstream news media reporting about the hearing. So your secretary/treasurer plans to attend the hearing and dispatch something about it to you that evening.

But it would be a lot more useful to you and the country if the hearing was televised in its entirety by the public affairs television network C-SPAN, whose broadcast of Paul's committee hearing on June 1 showed Fed General Counsel Scott G. Alvarez asserting, contrary to volumes of documentation collected by GATA over the years, that the disposition of the U.S. gold reserve is a matter of indifference to the Fed:


C-SPAN has not yet posted a broadcast schedule for Thursday, June 23, but the network is often receptive to requests from viewers. So please take a moment to send an e-mail to C-SPAN asking the network to broadcast the June 23 hearing of the House Subcommittee on Domestic Monetary Policy cited at the first Internet link above. You can reach C-SPAN's viewer services office here:


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit,
Extending the Mineralization of the Southwest Vein on the Property

Company Press Release, October 27, 2010

VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:

-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.

-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.

-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.

Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.

"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."

For the company's full press release, please visit:


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Lewis E. Lehrman on How to Solve the U.S. Debt Problem

Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, advises that to reduce the $1 1/2 trillion U.S. deficit, the Republican Party must initiate an investment program.

Working Americans are not saving, which enables the banks to lead the country into a cycle of debt, leverage, boom, panic, and bust.

Lehrman says: "Eliminating the budget deficit of a trillion and a half dollars cannot be done overnight. The proposal by U.S. Rep. Paul Ryan was very dramatic -- one Republican called it radical -- but it was not happily received. The solution, of course, is to design an American program for prosperity, because you can solve these entitlement problems with a growing economy.

"We need a tremendous program of investment, and investment comes from savings. When you pay savers, middle-income professionals and working people, 0 percent at the bank, you are not going to encourage them
to save. Then we are left with a bank cycle of debt, leverage, boom, panic, and bust."

To read more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit: