Published on Gold Anti-Trust Action Committee (http://www.gata.org)

No, the world isn't rushing into gold (yet), Metalla Royalty's E.B. Tucker tells Kitco News

By cpowell
Created 2020-08-08 17:56

1:55p ET Saturday, August 8, 2020

Dear Friend of GATA and Gold:

Despite the recent excitement in the gold sector, E.B. Tucker of Metalla Royalty and Streaming told David Lin of Kitco News this week that the world is not rushing into gold. Gold-related assets, Tucker says, constitute at most 1 or 2 percent of all financial assets. If the world ever does rush into gold, Tucker says, the sector will never be able to accommodate substantially increased demand -- at least not at current prices.

... Dispatch continues below ...


Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault StorageĀ® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/ [1]

Tucker also discusses the possibility of gold confiscation by government. He sees confiscation very likely but only at far higher prices, and thinks it would be imposed via a punitive windfall profits tax.

He adds that gold offers far more anonymity as an asset than bitcoin does.

After much tussling 15 years ago GATA extracted from the U.S. Treasury Department its position on confiscation of gold and silver. The Treasury said that, upon proclamation of an emergency by the president and the invocation of the Trading With the Enemy Act of 1917 and the International Emergency Economic Powers Act of 1977, the department would claim the power to seize or freeze any gold- and silver-related assets.

But the Treasury urged monetary metals investors not to get too paranoid about this, because under those laws, upon a proclamation of emergency by the president, the department would have the power to seize or freeze any damned thing it wanted to.

As the song says, it's "the land of the free and the home of the brave."

GATA's exchange with the Treasury Department is here:

http://gata.org/node/5606 [2]

Tucker's interview with Lin is 13 minutes long and can be viewed at Kitco here:

https://www.kitco.com/news/video/show/Kitco-NEWS/2930/2020-08-07/Gold-co... [3]

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [4]

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg [5]

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg [6]

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com [7].

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651... [8]

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net [9].

* * *

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 [10]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [11]

Source URL: