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Gold is a powerful weapon both for and against central banking

Section: Daily Dispatches

11:59a ET Friday, February 25, 2021

Dear Friend of GATA and Gold:

Time for another installment of our occasional feature "Ask a High School Graduate."

Our friend J.S. writes:

London metals trader Andrew Maguire said this week in his interview for Kinesis Money --

-- that price of silver will depend on the "Basel III" standards of the Bank for International Settlements being implemented this year.

... Dispatch continues below ...


American Lithium Named
to TSX Venture Exchange Venture 50

Company Announcement
via Globe Newswire and Yahoo Finance
Wednesday, February 24, 2021

VANCOUVER, British Columbia, Canada -- American Lithium Corp. (TSX-V: LI, OTCQB: LIACF, Frankfurt: 5LA1) has been named to the 2021 TSX Venture 50, an annual ranking of top-performing listed companies on the TSX Venture Exchange.

The 2021 TSX Venture 50 is an annual ranking of the top-performing listed companies from five industry sectors: clean technology and life sciences, diversified industries, energy, mining, and technology. The selection is based on year-over-year performance across three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume for the year ended December 31, 2020.

"We are very pleased to be recognized in the 2021 TSX Venture 50," said Michael Kobler, CEO of American Lithium. "The past year has seen American Lithium reach new highs as we continue to forge ahead on our large-scale TLC Lithium Project in Nevada and now that we have agreed to acquire Plateau Energy Metals to create a leading diversified lithium development company. On behalf of our Board of Directors, I thank our team at American Lithium for their hard work and our shareholders for their support along the way." ...

... For the remainder of the announcement:

My question as a potential silver investor is: Why can't the BIS simply delay or cancel these rules so that silver prices remain at their present low levels, so as to avoid disruptions to the New York Commodities Exchange?

* * *

The BIS probably can do anything its Board of Directors wants it to do.

On the other hand, the new banking supervision regulations of the BIS have taken years of consensus building to develop, and rewriting them at the last minute might make the organization ridiculous to itself as well as the financial world.

In any case, gold and silver are closely linked as monetary metals, and gold especially is a powerful tool for central banking, as well as a powerful tool against it. Central banks use gold not just by suppressing its price to support their currencies and government bonds but sometimes also to devalue currencies and government and societal debts, to reliquefy themselves, and to restructure the world financial system.

In this respect see:

Given the extraordinary power of central banking and gold, isn't it funny that gold-related questions are never directed to central banks themselves by financial news organizations and market analysts -- that it is simply assumed that for central banks to run the world in secret, without accountability to anyone, is the natural order of things, and that answering for central banking should default to outsiders of limited education?

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

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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:

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

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

* * *

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 --

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at

* * *

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