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Currency-to-metal converter added to 24hGold

Section: Daily Dispatches

9:15p ET Thursday, October 9, 2008

Dear Friend of GATA and Gold:

24hGold has added an interesting little feature -- a mechanism that converts numercial values in U.S. dollars, euros, British pounds, Australian dollars, Japanese yen, Canadian dollars, and Swiss francs to either current values in gold and silver or to gold and silver values on past dates. The converter seems likely to have any number of uses. First it might help masochists calculate how much better off they would be if they had simply purchased coins or bullion and put them under their bed instead of purchasing mining shares. But over the next few weeks the converter also might help central banks figure out how high they would need gold and silver prices to be for their gold reserves to give the necessary backing to their sagging currencies. You can find 24hGold's converter here:

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

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