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Brodsky, Fleckenstein at King, and Benko notes support for gold standard
11p ET Tuesday, November 1, 2011
Dear Friend of GATA and Gold:
The quickest of summaries tonight as we in Connecticut cling to partial electricity. ...
King World News has an interview with QB Asset Management's Paul Brodsky, who thinks that the prospects of a referendum in Greece on whether to repay some of the country's unpayable debt will hasten more "quantitative easing" around the world and push precious metals higher:
King World News also interviews fund manager Bill Fleckenstein, who contemplates the end of the fiat money system:
Meanwhile at Forbes, Ralph Benko of The Gold Standard Now Project takes note of a Rasmussen poll that finds strong support in the United States for returning to a gold standard to curtail the power of political and financial elites:
And we thought that most Americans didn't even know how to spell "G-O-L-D," just "Cash for Gold."
And Greenlight Capital's David Einhorn opines that shares of gold mining companies are dramatically undervalued relative to the gold price:
Did the lights just flicker again?
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
The United States Once Again Can Establish a Stable Dollar Worth Its Weight in Gold
Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, has released a plan to restore economic growth through a stable dollar.
The plan, titled "The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies," responds to the recurrent economic crises of the last century and outlines a detailed proposal for America's leadership on "how we get from here to there." That is, how we get from the present unstable paper dollar to a stable dollar as good as gold.
James Grant, author and editor of Grant's Interest Rate Observer, says of the Lehrman plan: "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman the country has finally found him."
To learn more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit:
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Northaven Resources Corp. (TSX-V:NTV) is advancing five gold and silver projects in highly prospective and politically stable British Columbia, Canada.
Check out the exploration program on our Allco gold/silver project :
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-- A deep-penetrating airborne geophysics survey has just been completed on the entire property and neighboring deposits and its results are eagerly awaited.
To learn more about the Allco property or Northaven's other gold and silver projects, please visit:
Or call Northaven CEO Allen Leschert at 604-696-3600.