Edward Ulysses Cate

Newmont, Barrick Merger Likely - Eventually

Why not merge, so that legal TITLE resides in fewer hands. Look up the top 10 Major Holders of ABX and NEM and you'll see that Capital Group's many entities hold the lion's share of BOTH companies, along with Barclays and their associates. If indeed fiat currencies are racing for the bottom, legal title to "deep storage" gets more valuable each day. What I find even more interesting is that a David C. Barclay signs SEC documents for Capital Group, along with his boss Abner D. Goldstine. Any connection with Barclays PLC? Who knows. Probably just a coincidence, like all others in the oligarchy.

Don't Miss the Coming Gold Bull

The only reason to hold physical gold and silver is when folks are not keeping their promises, like now. Promise breakers like Lehman, Bear and Madoff trigger other broken promises, just like dominoes. When the dust finally settles, those who kept their promises will be trusted and the rebuilding will begin. Then as more promises are made and kept, there will be fewer reasons to hold gold and silver. Until then . . .