Remonetizing silver is well-supported in Mexican Congress, Hugo S-P tells King

Section:

6:15p CT Wednesday, October 26, 2011

Dear Friend of GATA and Gold (and Silver):

Industrialist Hugo Salinas Price, president of the Mexican Civic Association for Silver, tells King World News today that there is extensive support in the Mexican Congress for remonetizing silver but that several congressional leaders doing the bidding of the Mexican central bank are blocking the legislation. Salinas Price also suspects that the regime of the Libyan dictator Moammar Gadhafi was overthrown by Western powers because he was contemplating an African currency. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/27_M...

Meanwhile Robin Griffiths of Cazenove Capital tells King World News that Indian holiday buying is pushing up gold but that the euro nations aren't deploying enough capital to solve their sovereign debt problem, thus supporting gold as well. An excerpt from that interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/27_R...

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



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Golden Phoenix Signs Definitive Agreement to Acquire and Reopen Santa Rosa Gold Mine in Panama

Company Press Release
Monday, September 19, 2011

SPARKS, Nevada -- Golden Phoenix Minerals Inc. (OTC Bulletin Board: GPXM) has signed a definitive agreement to acquire a 60 percent interest, with an option to buy an additional 20 percent interest, in the Santa Rosa gold mine in Panama, now owned by Silver Global S.A., a Panamanian corporation.

Santa Rosa produced more than 100,000 ounces of gold from 1996 to 1998 before being closed in part to low gold prices, which are now more than five times higher.

Golden Phoenix intends to acquire its initial 60 percent interest in Santa Rosa by acquiring 60 percent of the share capital of a recently created company under the name Golden Phoenix Panama S.A., formed to hold and operate the mine.

Tom Klein, CEO of Golden Phoenix says: "The agreement establishes a solid framework from which we can advance Mina Santa Rosa to production-ready status."

For Golden Phoenix's complete statement, please visit:

http://goldenphoenix.us/press-release/golden-phoenix-signs-definitive-ac...