Edwin Vieira: Gold must replace the corrupt U.S. monetary system


4:56p CT Monday, October 25, 2010

Dear Friend of GATA and Gold:

Hinde Capital Ben Davies' wasn't the only great speech delivered last week at the fall dinner meeting of the Committee for Monetary Research and Education in New York. Also speaking was constitutional lawyer, historian, scholar, and GATA consultant Edwin Vieira, author of the magisterial history of the monetary system of the United States, "Pieces of Eight," who made a stirring appeal for the replacing the authoritarianism, corruption, and dysfunction of that system with a gold-based system.

The paper from which Vieira's address was drawn is titled "A Cross of Gold" and you can find it at GATA's Internet site here:


Last year's subscription campaign to undertake a reprinting of "Pieces of Eight" was not successful but Vieira announced at the CMRE meeting that such a reprinting soon will be under way thanks to a grant from the GoldMoney Foundation, whose founder, James Turk, is also a consultant to GATA. We'll publicize the new availability of "Pieces of Eight" as soon as it's ready. In the meantime, you can find Turk's review of "Pieces of Eight" here:


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


Prophecy Resource Goes Into Production
at Ulaan Ovoo Coal Mine in Mongolia

A commission appointed by Mongolia's Ministry of Mineral Resources and Energy has conducted the final permit inspection at Prophecy Resource Corp.'s Ulaan Ovoo mine site and has instructed the company to begin coal production. Prophecy Resource (TSX.V: PCY) has begun production of its first 10,000 tonnes of coal as a trial run of supply to be taken by rail to electric power stations in Darkhan and Erdenet, Mongolia's second and third largest cities after the capital, Ulaanbaatar. The company is the second-ever Canadian mining company to get a permit to mine in Mongolia and start production there.

For the company's complete announcement, please visit:


Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel

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Vieira-ACrossOfGold-10-21-2010.pdf216.78 KB