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The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site, www.lemetropolecafe.com.
Latest News
By Avery Goodman
Seeking Alpha, Ra'anana, Israel
Friday, August 15, 2025
China has launched an initiative that is likely to fundamentally alter the global gold market.
Its insurance regulator issued a regulatory directive requiring certain insurance companies to allocate a fixed minimum portion of their huge assets to physical gold. This is unprecedented.
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It doesn't quite take us all the way back to the gold standard at the turn of the 20th century, but it pushes in that direction.
In short, via regulation, China, the second-largest economy, has now created structural demand for gold that will support rising prices and its de-dollarization strategy.
In February 2025 China began a pilot program that allowed selected insurance companies to invest in physical gold. It was a first-time event. It had never been allowed before. The initiative involves 10 major insurers, including PICC Property & Casualty and China Life Insurance. It allows them to allocate up to 1% of their total assets to gold bullion. ...
For the remainder of the commentary:
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"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:
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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:
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By Sylvia Ma
South China Morning News, Hong Kong
Saturday, August 16, 2025
Calls for China to gradually reduce its exposure to U.S. dollar assets are growing louder as Washington's national debt continues to set records, reigniting persistent worries over the long-term sustainability of an investment formerly considered rock solid.
"Although U.S. Treasuries have not yet reached the default threshold, their expansion is unsustainable," researchers from the Bank of China wrote in the latest issue of China Money, a publication supervised by the People's Bank of China, the country’s central bank.
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With this concern in mind, China has been trimming its U.S. Treasury holdings for three consecutive months, while keeping them roughly unchanged at the $756 billion level in June, according to data released on Friday by the U.S. Treasury Department. This remains the lowest level since March 2009.
The researchers noted that U.S. economic growth would be unlikely to offset rising debt from persistent budget and trade imbalances, warning that President Donald Trump's efforts to narrow the trade deficit could curb global demand for the U.S. dollar and undermine the currency's international role.
This, they said, would put the country in a "tug of war," oscillating between its economic and monetary priorities.
"Uncertainty over tariff, tax, and fiscal reforms, coupled with a potential U.S. dollar credibility crisis and speculation over the Mar-a-Lago Accord, could heighten volatility in the U.S. Treasury market," they said, and "gradually adjust U.S. Treasury holdings and appropriately increase reserves of gold, key resources, and strategic materials." ...
... For the remainder of the report:
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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:
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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:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Alexa Cimino
Daily Mail, London
Saturday, August 16, 2025
Where James A. Stack Sr. acquired it is a mystery that may never be solved, but for more than 70 years, one of the rarest coins in American history sat quietly in his family's collection.
Stack, a prominent New York banker and one of the most discerning coin collectors of the 20th century, began building his collection in the late 1930s with a bold goal: to assemble the most complete and highest-quality cabinet of U.S. coins possible.
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He pored over landmark sales, forged relationships with top dealers, and handpicked pieces not just for rarity but for their pristine condition and impeccable provenance.
By the time of his death in 1951, Stack's holdings spanned everything from early American copper to spectacular gold issues, along with rarities in U.S. paper money, ancient coins, and world currency.
His collection included some of the greatest trophies in American numismatics -- an 1802 half dime, an 1894-S dime, an 1838-O half dollar, the 1815 half eagle, and the finest known 1870-S silver dollar.
Even the notorious 1933 double eagle once sat in his albums before being surrendered to the Secret Service, leaving behind only his wry note: "Secret Service has mine."
One of his most elusive prizes -- an 1804 silver dollar known as the "King of American Coins" -- has remained hidden since the 1940s. Just 16 examples are known to exist, and this one is considered the finest of the so-called "Class III" type in private hands.
It will be seen publicly for the first time next week at the American Numismatic Association's World's Fair of Money in Oklahoma City before going under the hammer on December 9, where it's expected to fetch up to $5 million. ...
... For the reminder of the report, as well as photos:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
From Von Greyerz Gold, Zurich
Friday, August 15, 2025
In an informal yet compelling conversation, two veterans of the precious metals space -- Egon von Greyerz and James Turk -- bring needed financial and historical perspective to evolving (and eerily foreseeable) cracks in the global financial system.
They reminisce upon a discussion they enjoyed nearly 15 years prior. Not surprisingly, much of what was discussed and warned about then (currency debasement, trapped banks, dangerous credit expansion, and rising gold) is playing out dramatically in real-time today.
... Dispatch continues below ...
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Turk, having equally foresaw the U.S. dollar's direct march off a debt cliff, admits that the system has kept itself precariously afloat longer than he expected in 2011. Timing issues, however, do not prevent the cracks now widening with each passing headline.
Turk and von Greyerz then share direct experiences and lessons of the 1970s (markets falling under banking disasters, massive inflation spikes, and currency-based counterparty risks) at a time when the United States was the greatest creditor rather than greatest debtor.
They remind, as Churchill noted, that the further one looks back, the further one can see forward. Unfortunately, almost no policy-makers today possess such historical wisdom. Even fewer understand the fragility (and eventual demise) of a global financial and banking system underpinned by bad credit rather than sound/real money: gold and silver.
Turk and von Greyerz address as well the risks and opportunities regarding cryptocurrencies, which they remind are precisely that: "Currencies" and NOT money. Turk sees cryptos as a stepping stone toward digital/tokenized gold moving between parties. Each agree that bitcoin, whatever its near-term moves, is more of a NASDAQ asset than anything even closely resembling gold as a store of value.
The bond market, also addressed with sober concern, is described as broken. This leads directly to a "fiat scare" in which stocks could be "saved" only via more currency-destroying liquidity. This, von Greyerz and Turk confirm, only makes the case for physical gold and silver all the more obvious. Von Greyerz further reminds that, unlike prior historical lessons in stock, bond, and currency implosions, the modern crisis today (as evidenced by Turk's Fear Index) is not local but global, and hence all the more destabilizing.
In this watershed backdrop of escalating debt, currency, and geopolitical risks -- all of which exceed the IQs and policy options of current global leadership -- the topic of gold revaluation as a temporary "fix" is raised. Turk makes a case for an inevitable (hardly near-term) return to the constitutional money that President Nixon jettisoned in 1971. Both share larger concerns of weakening rather than strengthening global leadership, rising trends of political repression and social instability, and, perhaps most tragically, escalating war risks.
In such a backdrop, physical precious metal ownership outside of such a compromised financial system makes more sense than ever.
The discussion is 46 minutes long can be viewed at the von Greyerz internet site here:
https://vongreyerz.gold/egon-von-greyerz-james-turk-past-lessons-of-future-disaster
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
9:15p ET Friday, August 15, 2025
Dear Friend of GATA and Gold:
This week's edition of Kinesis Money's "Live from the Vault" program has London metals trader Andrew Maguire and coin and bullion dealer Andy Schectman discussing President Trump's desire to bring back manufacturing to the United States, the possible issuance of gold-backed U.S. Treasury securities, and the gold-denominated trade settlement mechanism developed by the BRICS countries.
The program is 55 minutes long and can be viewed at the Kinesis Money YouTube channel here:
https://www.youtube.com/watch?v=sVsJpwJK6Fw
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
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Join GATA here:
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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:
* * *
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:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Alasdair Macleod
GoldMoney, Toronto
Friday, August 15, 2025
Expectations for President Trump's meeting with President Putin in Alaska have been downplayed but have diverted attention from a stalling U.S. and global economy.
Any independent observer will note that the outlook for the dollar is deteriorating, credit risk is rising, and a debt trap is being sprung on the U.S. Treasury. Tonight's Alaska circus is a diversion from this reality.
... Dispatch continues below ...
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Gold and silver continued to consolidate gains this week, but the market underneath continues to tighten. In European morning trade today gold was $3,340, down $60 from last Friday's close, and silver was $37.90, down 40 cents. Comex volumes in both contracts declined over the week, in silver's case from the noticeably high levels seen the previous week. ...
... For the remainder of the analysis:
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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:
* * *
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:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
From the Sound Money Defense League, Eagle, Idaho
Thursday, August 14, 2025
One of America's largest national precious metals dealers and the nation's leading sound-money public policy group today recognized two outstanding state lawmakers for their leadership in advancing sound money policies in 2025.
Money Metals Exchange, Sound Money Defense League, and Sound Money Foundation are excited to announce Kentucky Rep. TJ Roberts and Wyoming Sen. Bob Ide, both Republicans, as "2025 Sound Money Legislators of the Year."
... Dispatch continues below ...
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Last year Kentucky Gov. Andy Beshear illegitimately line-item vetoed a sales tax exemption on purchases of gold and silver, despite the state Constitution's not permitting him this power. Still, Governor Beshear directed his offices to continue collecting this tax, with fines and penalties for non-compliance.
In response, freshman legislator TJ Roberts introduced House Bill 2 and spearheaded an effort in 2025 to not only eliminate the sales tax on gold and silver purchases retroactive to the governor's unconstitutional veto in August 2024, but also to enable taxpayers to sue the governor and his departments for wrongful taxation. ...
... For the remainder of the report:
* * *
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New Orleans Investment Conference
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Sunday-Wednesday, November 2-5, 2025
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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:
* * *
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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:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Sergio Mendoza, James Attwood, and Marcelo Rochabrun
Bloomberg News
Thursday, August 14, 2025
It's been a puzzling phenomenon for a while now: Bolivia is facing a crippling dollar shortage, a local currency crisis and surging inflation -- and yet it's still honoring its debts.
A visit to Cangalli, one of hundreds of mines carving gold out of the lush Amazon basin north of La Paz, helps explain it. Here, under the world’s largest rainforest, the central bank has found a way to raise billions of dollars to help pay back international bondholders with the nation's debt trading at distressed levels ahead of hotly contested general elections this coming weekend.
... Dispatch continues below ...
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A visit to Cangalli, one of hundreds of mines carving gold out of the lush Amazon basin north of La Paz, helps explain it. Here, under the world's largest rainforest, the central bank has found a way to raise billions of dollars to help pay back international bondholders with the nation's debt trading at distressed levels ahead of hotly contested general elections this coming weekend.
The tripling of international gold prices in the past decade has accelerated a shift from centuries-old panning practices -- in which artisans used shovels, picks and even their bare hands to sift through river sediment -- to industrial operations that are reshaping the riverbank and flooding homes, schools, and businesses. Some of the excavators, front loaders, and dump trucks that rumble through Cangalli's eroded landscape are owned by a Chinese company that has set up camp in the area. ...
... For the remainder of the report:
https://www.bloomberg.com/features/2025-bolivia-central-bank-gold/
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $250 will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
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