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Gold is money again and has a long way to go, Lassonde tells King World News

Section: Daily Dispatches

9:20p ET Saturday, February 13, 2010

Dear Friend of GATA and Gold:

Pierre Lassonde, chairman and co-founder of Franco-Nevada Corp. and former president of Newmont Mining, remarks today in an interview with Eric King of King World News that gold is becoming money again as more gold is being purchased for investment purposes than for jewelry and as central banks are becoming net buyers. Lassonde adds that central banks will inflate as much as necessary to avert deflation and that the seemingly limited investor interest in hedge fund manager John Paulson's new gold fund indicates that gold has a long way to go before becoming mainstream. King's interview with Lassonde is about 38 minutes long and you can find it at King World News here:

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

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