Did India Really Just Discover The Biggest Gold Mine In The World?


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In a country where there is today only one small gold mine?

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

By Jayant Bhandari
Mises India
Saturday, February 22, 2020

Indian news organizations are going crazy about India’s having discovered a major gold mine in Uttar Pradesh. India has claimed to have found a mine containing 3,500 tonnes of gold. This would be, by a massive margin, the biggest gold mine in the world, in a country where there is today only one small gold mine.

This gold would be worth US$185 billion, or more than half the total yearly revenue of the Indian government. No wonder — Uttar Pradesh Chief Minister Yogi Adityanath visited the “mine” recently.

This news is utterly baseless, outrageous propaganda, and shows how clueless Indian journalists and those who prepared the news release in the Geological Survey of India and the Uttar Pradesh Mining Department are.I have been analysing, investing in, and helping others invest in gold mining companies around the world for 16 years. I have never seen such news on a gold project that has no data, no real work done, and is based on nothing more than arm waving. It cannot even be called a speculation at this stage. …

… For the remainder of the commentary:

https://www.misesindia.in/2020/02/22/did-india-really-strike-gold/

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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 [email protected].

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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 [email protected].

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Mining Investment Asia
InterContinental Hotel, Singapore
Tuesday-Thursday, March 17-19, 2020
https://www.mininginvestmentasia.com/

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