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Alasdair Macleod: Observations in honor of Adam Smith

Section: Daily Dispatches

8:12p ET Saturday, April 20, 2013

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod gave a few weeks ago a lecture in honor of the classical economist Adam Smith, arguing that infinite government strangles the productive capacity of society and that fiat currency destroys economic calculation and private-sector wealth. True enough, but wasn't that the objective all along? Macleod's commentary is headlined "My Adam Smith Lecture" and it's posted at GoldMoney's Internet site here:

http://www.goldmoney.com/gold-research/alasdair-macleod/my-adam-smith-le...

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



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GoldMoney Reduces Storage and Exchange Fees

From April 1 GoldMoney will be reducing by a third its storage fees on gold stored at all VIA MAT vaults to just 0.12 percent per year and halving the cost of storing silver with VIA MAT Switzerland to bring it in line with GoldMoney's silver storage fees at other vault locations: 0.49 percent per year as the standard fee and 0.39 percent per year for more than 50,000 ounces of silver. In addition, GoldMoney's minimum storage fee will be reduced to only 0.001 grams per month for gold, platinum, and palladium, and 0.001 ounces per month for silver. In April GoldMoney also will be simplifying and reducing its metal-to-metal exchange fees. For the full details of these significant fee reductions, please visit:

http://www.goldmoney.com/lower-fees-overview?gmrefcode=gata