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Steve Saville comments on Barrick''s hedge book
8:20p ET Monday, February 17, 2003
Dear Friend of GATA and Gold:
The press release appended here shows how easily
some of GATA's friends are turning gold back into
a practical currency. The release also publicizes
another Cambridge House conference that may be of
interest to GATA supporters.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
CAMBRIDGE HOUSE ACCEPTS GOLD
FROM CANDENTE FOR EXHIBIT FEES
Vancouver, B.C., Feb. 17 -- Cambridge House International
Inc. has accepted gold as payment from Candente Resource
Corp. (DNT:TSXV) for exhibit fees for the next three Cambridge
House Investment Conferences. The contract, set at close to
CDN$15,000, was paid with GoldGrams, the digital gold
currency of GoldMoney. GoldMoney says that this is its first
ever such type of transaction.
GoldMoney is gold bullion in digital form that can be spent
and transferred electronically. James Turk is the inventor of
digital gold currency and the founder of GoldMoney, which is
the patent holder to this asset-based online transaction
system. GoldMoney is operated from Jersey, Channel Islands,
by Net Transactions Ltd.
In this transaction, Candente earned a 3 percent discount from
Cambridge House by paying in gold. The contract was set at the
London closing fix of February 12, 2003. The transaction was
handled electronically with Candente transferring GoldGrams
from its account to the Cambridge House account at GoldMoney.
Cambridge House International Inc. (www.cambridgehouse.ca), a
company headed by Joe Martin of Vancouver, is Canada's leading
producer of resource investment conferences. Its next three
venues, at which Candente Resources Corp. will participate,
are the Montreal Resource Investment Conference, April 12 and
13, in Montreal, Quebec; the World Gold amp; PGM Conference,
June 7, 8, and 9 in Vancouver; and the Calgary Resource
Investment Conference, October 4 and 5 in Calgary, Alberta.
Candente (www.candente.com) is a Vancouver-based mining
exploration company that trades as DNT on the TSX Venture
Exchange. The company, headed by Joey Freeze, is
aggressively exploring gold targets in Peru and Newfoundland,
GATA Chairman Bill Murphy is a regular keynote speaker at
Cambridge conferences. He, GATA Secretary/Treasurer Chris
Powell, and other GATA supporters are expected to attend
the Montreal conference. Turk, a GATA consultant, will be a
keynote speaker, and Gold Money will be exhibiting.