You are here
Maguire explains how Basel III will shrink market for 'paper' gold
12:45p ET Sunday, March 14, 2021
Dear Friend of GATA and Gold:
In his weekly interview with Shane Moran for Kinesis Money, London metals trader Andrew Maguire explains how implementation of the "Basel III" banking standards, in pursuit of reducing counterparty risks for banks, will shrink the market for unallocated, "paper" gold and thereby push up gold's price.
... Dispatch continues below ...
ADVERTISEMENT
VanGold Mining Closes $16,950,000 Private Placement
Welcomes New Shareholders Eric Sprott and VBS,
and Sees Endeavour Silver Becoming Largest Shareholder
Company Announcement
Wednesday, March 10, 2021
VANCOUVER, British Columbia, Canada -- VanGold Mining Corp. (TSXV:VGLD) has closed its non-brokered private placement of units at a price of $0.30 per unit, announced December 23, 2020, and expanded on January 19, 2021, January 25, 2021, and February 17, 2021.
The Company has issued a total of 56,500,000 units for gross proceeds of $16,950,000 with each Unit consisting of one common share of the company and one half of a common share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the company at a price of $0.45 within three years of closing, subject to acceleration in certain events.
The company thanks the more than 180 subscribers, large and small, who have participated in this private placement. We welcome them to our adventure of potential mineral discovery and production of silver and gold in Guanajuato, Mexico.
VanGold would especially like to acknowledge the investment and backing of Endeavour Silver Corp., VBS Exchange Pty. Ltd., and renowned precious metals investor Eric Sprott. ...
... For the remainder of the announcement:
https://vangoldmining.com/
Maguire says central banks with gold reserves will want a higher price for the monetary metal to offset their enormous debt burdens. This observation echoes the 2012 hypothesis of the U.S. economists Paul Brodsky and Lee Quaintance:
https://www.gata.org/node/11373
As gold is revalued upward, Maguire says, it will become highly strategic for China to announce that it has a much larger gold reserve than it has reported to the International Monetary Fund.
Joining Maguire in the interview's second section is fund manager David Tice, who believes that gold can rise with stocks and that silver is spectacularly undervalued.
The interview is an hour long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=KZfBYNW2gsI&list=TLPQMTIwMzIwMjEG23UQnSs...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
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:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
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 bagman1236@aol.com.
* * *
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 --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
