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Banks have become 'instruments of government policy,' Hathaway says

Section: Daily Dispatches

11p PT Tuesday, January 21, 2014

Dear Friend of GATA and Gold:

The Tocqueville Gold Fund's John Hathaway not only gets it now -- he's saying it, and loudly. In the second installment of his interview today with King World News, Hathaway predicts that, as Jim Sinclair long has advocated, people will start wanting to keep their gold outside the banking system.

"The banking system is becoming increasingly oppressive, onerous, and intrusive," Hathaway says. "So I think we are in the very early days of recognition that banks are instruments of government policy. This policy has been made possible because of the huge amount of concentration among large institutions. They are basically arms of the treasury functions of various sovereigns. So I think people with wealth, with liquid assets, who want real safety for a portion of their liquid assets, they will choose to have physical metal. They will migrate away from paper substitutes, and I just feel like we are at the beginning of a wave of that kind of thing."

Hathaway's comments are posted at the King World News blog here:

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


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Jim Sinclair plans seminars in Asheville and Austin

Gold advocate and mining entrepreneur Jim Sinclair will hold his next market seminars from 2 to 6 p.m. Saturday, January 25, at the Clarion Inn Asheville, 550 Airport Road, Fletcher, North Carolina, and from 2 to 6 p.m. Saturday, February 8, at the Austin, Texas, Airport Hilton. Advance registration is required.

Details for the Asheville seminar are posted at Sinclair's Internet site,, here:

Details for the Austin seminar are posted at here: