Torgny Persson: Gold smuggling in India and Japan is a symptom of their war against the monetary metal


11:20a ET Wednesday, July 10, 2019

Dear Friend of GATA and Gold:

Torgny Persson, CEO of Bullion Star in Singapore, today reviews the war against gold long waged by India and Japan, most recently through increases in import taxes and prosecution of smuggling.

Persson concludes: "Gold smuggling is a symptom of a problem -- that governments impose punitive taxes, costs, and frictions on the free ownership and movement of gold, distorting the ability of people to choose to save and invest in the ultimate form of money, gold. It is all to protect their artificially inflated systems of limitless debt-based money supplies and depreciating fiat currencies that stifle and control their populations' savings and investment choices."

Persson's analysis is headlined "Gold Smuggling to India and Japan Is a Symptom of Governments' War against Gold" and it's posted at Bullion Star here:

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


Kinesis Engages Contis to Launch UK, European Debit Card for Its Digital Gold and Silver Currencies

Company Announcement
Tuesday, June 4, 2019

LONDON -- Today Kinesis Money announces the initiation of its U.K. and E.U. debit card program with Contis Group, the award-winning platform as a service that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4.

The release of these euro- and pound-denominated debit cards will cement Kinesis' position in the market as a formidable global fintech player. The Kinesis debit card will allow Kinesis' clients in the U.K. and Europe to easily and efficiently use their Kinesis currencies to make purchases anywhere that has a merchant facility, as well as withdraw funds via global ATM networks. ...

... For the remainder of the announcement:

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