Sunday, December 21, 2008

Ing, Browne see gold devaluing dollar and easing debt

12:03a ET Saturday, December 20, 2008

Dear Friend of GATA and Gold:

Two excellent commentaries posted in the last few hours anticipate a devaluation of the U.S. dollar against gold.

The first, by John Ing of Maison Placements Canada, posted at Gold-Eagle, sees an upward valuation of gold as necessary to recapitalize the world, and gold then being incorporated into a formal measure of world currencies. Ing's commentary is headlined "Gold: The Antidote to Our Problems," and you can find it here:

The second, by John Browne of Euro-Pacific Capital, posted at GoldSeek, notes that devaluation of the dollar against gold was used once by the United States to reduce the burden of debt and argues that it could be used the same way soon. Browne's essay is headlined "2009 -- Likely Vintage Year for Gold" and you can find it here:

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

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