Monetary Metals and Valaurum Show That Gold Remains Money and Pays Interest

by Chris Powell

Dear Friend of GATA and Gold:

Gold’s disparagers often say the monetary metal doesn’t pay interest, though of course it does pay interest through gold lending, a common practice among central banks and bullion banks. Now the Monetary Metals investment house in Scottsdale, Arizona, run by Keith Weiner and Bron Suchecki, the latter formerly of the Perth Mint, has announced its own first gold leasing transaction — to help finance the operations of the gold currency issuer Valaurum in Portland, Oregon:

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