Monetary Metals reconstructs gold and silver forward rates

Section:

5:18p ET Friday, June 23, 2017

Dear Friend of GATA and Gold:

Monetary Metals, the Scottsdale, Arizona-based company that provides investors opportunities to earn interest on gold that is paid in gold, today announced that it is publishing daily "gold forward" and "silver forward" interest rates of the sort formerly published by the London Bullion Market Association -- the interest rate charged by bullion dealers for lending gold and silver against U.S. dollars.

In an announcement written by the comapny's vice president for operations, Bron Suchecki, formerly of the Perth Mint, Monetary Metals said: "The forward rate is important to gold mining, refining, jewelry, mint, and industrial manufacturing companies because their financing and hedging transactions depend on it. However, the LBMA stopped publishing GOFO in January 2015 and SIFO in in November 2012."

Monetary Metals Chief Executive Officer Keith Weiner said: "We are providing the daily forward and lease rates as a service to the industry."

The announcement by Monetary Metals is posted at the company's internet site here:

https://monetary-metals.com/monetary-metals-brings-back-the-gold-forward...

Monetary Metals' gold forward rate can be found here:

https://monetary-metals.com/thought-leadership/data-science-charts/gold-...

Monetary Metals' silver forward rate can be found here:

https://monetary-metals.com/thought-leadership/data-science-charts/silve...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



ADVERTISEMENT

Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

https://goldco.com/



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16