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Russia, China know what GATA knows about gold, Embry tells King World News

Section: Daily Dispatches

3p ET Monday, February 11, 2013

Dear Friend of GATA and Gold:

Russia and China know what GATA long has been telling the world about the rigging of the gold market and they are acting on it, Sprott Asset Management's John Embry today tells King World News.

"This is why," Embry says, "the Western gold is headed East and the Western hoards are being hollowed out. I just think the Westerners are making a catastrophic error here, and as a committed Westerner I hate to see what's happening."

As gold demand rises, Embry adds, gold production will be collapsing as the suppressed price puts junior mining companies out of business. That, he says, argues for a price explosion when the paper manipulations in the futures markets end.

An excerpt from the interview with Embry is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/11_Em...

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



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Now you don't have to travel to attend a financial conference to hear Sprott Asset Management's precious metals experts -- Eric Sprott, Rick Rule, and John Embry. They'll be holding a round-table discussion via the Internet at 2 p.m. ET Tuesday, February 12, and you can be part of it. Among their topics:

-- Why are precious metals such a compelling investment opportunity?

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-- Is the growing supply deficit of platinum and palladium going to push their prices higher?

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California Resource Investment Conference
Saturday-Sunday, February 23-24, 2013
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http://www.cambridgehouse.com/event/california-resource-investment-confe...

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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why

When Deutschebank calls gold "good money" and paper "bad money". ...

http://www.gata.org/node/11765

When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...

http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...

When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...

http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...

When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...

http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...

When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...

World opinion is changing in favor of gold.

How can you learn why and what it will mean to you?

Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."

Financial journalist James Grant says of "The True Gold Standard": "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 she has finally found him."

To buy a copy of "The True Gold Standard," please visit:

http://www.thegoldstandardnow.com/publications/the-true-gold-standard