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GATA - Gold Anti-Trust Action Committee
Manchester, Conn.

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.

GATA - Gold Anti-Trust Action Committee is not verified as a 501(c)3 organization.

Latest News

Dec 12, 2017

By Leo Lewis
Financial Times, London
Tuesday, December 12, 2017

A group of creditors pursuing a potentially vast bitcoin fortune from the imploded Mt Gox exchange have begun a legal action in Tokyo that would, if successful, remove the company from bankruptcy, disburse more than $3 billion worth of coins among depositors, and stop its former chief executive emerging from the debacle as a multibillionaire.

The move, which breaks largely uncharted legal ground in Japan, is a response by frustrated claimants to the recent stratospheric rise of bitcoin and a liquidation process that began when the cryptocurrency was trading at just a fraction of its current price of 2 million yen ($17,600) per bitcoin.

Creditors involved in launching the legal challenge to the bankruptcy say the 40-fold price surge in bitcoin since Mt Gox's collapse in February 2014 has fundamentally changed the financial mathematics of the bankruptcy, because the company's assets now completely dwarf its liabilities.

Mark Karpels, the exchange's former chief executive currently fighting charges of embezzlement in Tokyo, controls the company that owns almost 90 percent of Mt Gox. At the current bitcoin price, Mt Gox could meet all its liabilities and, under Japanese law, Mr Karpeles would then receive his share of the surplus -- a theoretical fortune worth well in excess of $2 billion. ...

... For the remainder of the report:

https://www.ft.com/content/e741e792-df16-11e7-a8a4-0a1e63a52f9c



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We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at [email protected] or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com


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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Dec 11, 2017

2:39p ET Monday, December 11, 2017

Dear Friend of GATA and Gold:

Bullion Star, headquartered in Singapore, today expounds on the city-state's great advantages for gold investors.

Bullion Star writes: "Apart from the goods-and-services tax exemption on investment precious metals, there are a number of other jurisdictional advantages that have supported the growth of Singapore as a gold trading and storage hub and that reinforce the logic for buying gold and storing gold in Singapore.

... Dispatch continues below ...



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"In Singapore, there are no other taxes when buying gold, silver, or other precious metals. This means no capital gains tax, no other sales tax, no death tax -- in short no taxes. There are no reporting requirements when buying or selling gold or silver or other precious metals in Singapore. This means no reporting requirements to any Singaporean authority and no reporting requirements to any international authority.

"There is no goods-and-services tax when importing gold and other precious metals into Singapore, or when exporting gold or other precious metals out of the country.

"Singapore is also famed for its strong rule of law, making the country one of the safest and most secure countries to buy and store gold. In taking delivery or selling precious metals, it is quite safe, apart from the usual precautions, to walk in and out of bullion dealer shops in Singapore carrying your precious metals.

"Furthermore, the Singapore legal system is very protective of private property rights, and the nation of Singapore has strong military capabilities. Both factors are reassuring when storing gold or silver in the city-state.

"Finally, because it's a thriving gold trading hub, with a buoyant wholesale and retail bullion market, Singapore has a very well-developed gold storage and vaulting infrastructure, and is very well serviced by secure transport companies."

Bullion Star's commentary is headlined "Gold Demand in the Singapore Bullion Market" and it's posted here:

https://www.bullionstar.com/blogs/bullionstar/true-state-singapore-gold-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Dec 11, 2017

2:04p ET Monday, December 11, 2017

Dear Friend of GATA and Gold:

Gold and silver market analyst Harvey Organ today posts an open letter to the chairman of the U.S. Commodity Futures Trading Commission, J. Christopher Giancarlo, calling attention to the transfer to London of a huge number of gold and silver futures contracts claimed for delivery on the New York Commodities Exchange.

Organ writes that the transfers, called "exchanges for physicals," purportedly are allowed in emergencies but have become common occurrences -- so common, in fact, that more Comex gold and silver contract deliveries now appear to be made by private contract in London than in New York. This, Organ continues, indicates a shortage of monetary metals in the Comex system, and yet bullion banks seem to be shorting the metals in increasing amounts though they are not available via the Comex.

Organ asks Chairman Giancarlo for an explanation.

Organ's open letter is posted at his internet site here:

https://harveyorganblog.com/2017/12/11/dec-11-letter-to-commissioner-of-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]


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GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

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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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Dec 10, 2017

Along with the new futures markets, the stash well might convey control of the bitcoin price for quite a while.

* * *

Bitcoins Seized by Bulgarian Police from an 'Organised Crime Gang' Would Now Pay Off a Fifth of the Country's National Debt

By Scott Campbell
Daily Mail, London
Saturday, December 9, 2017

Bulgarian police have seized enough bitcoins to pay off a fifth of the country's national debt after the value surged by 600 percent in half a year.

Officers are said to have confiscated hundreds of thousands of units of the virtual currency worth $500 million from an organised crime gang in May.

But the surging value of bitcoin means that the haul of 213,519 is now worth a staggering $3.3 billion. That is enough to pay off almost a quarter of Bulgaria's national debt, although it is not known what the authorities have done with the currency. ...

... For the remainder of the report:

http://www.dailymail.co.uk/news/article-5163209/Bulgaria-Bitcoins-pay-FI...



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USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

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USAGold: Great prices, quick delivery -- all the time.


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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Dec 09, 2017

Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20-Fold

By Olga Kharif
Bloomberg News
Saturday, December 9, 2017

Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency's blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold.

Wall Street's plan to launch futures contracts on Sunday, making it easier to bet against the digital currency's rally in recent months, is making some enthusiasts nervous -- but not Winklevoss. He's one of the famed 36-year-old twins who played an early role in Facebook Inc.'s formation, then dedicated part of their fortune to the cryptocurrency and have since tried to win approval for a bitcoin trading vehicle.

Winklevoss bases his price projection on the market value of gold, which he pegged at about $6 trillion and others calculate at closer to $7.5 trillion. Investors are beginning to embrace the idea that bitcoin, "mined" by computers performing complex calculations, is more portable and divisible than the precious metal, he said.

"We think that bitcoin is a gold disruptor," Winklevoss said in a telephone interview on Friday, predicting it may yet appreciate by 10 to 20 times its current value. "We think it's just the beginning. We are definitely holders." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2017-12-09/a-winklevoss-sees-bit...



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Fisher Precious Metals is your full-service precious metals investment partner for life. Please call us at 1-800-390-8576 or visit us here:

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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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Dec 09, 2017

By Sam Meredith
CNBC, New York
Friday, December 8, 2017

Bitcoin mania could prove to be the flashpoint for some of the world's largest oil-producing countries to make a major move against the dollar, according to one commodity analyst.

The world's most popular cryptocurrency has skyrocketed in recent months, soaring above $19,000 on Thursday on the Coinbase exchange, before notching a huge decrease. Such wild price swings have prompted some of the world's biggest banks to denounce bitcoin as a fraud, warning investors of a speculative bubble doomed to fail.

However, at the start of the month, U.S. regulators gave the green light for two of the world's largest futures exchanges to list bitcoin futures. Futures are derivatives, or financial instruments, that obligate a trader to either buy or sell an asset at a specified time and at a specified price. The announcement was viewed by some observers as a vote of confidence for the digital currency's legitimacy.

"This should bolster the increasing popularity of cryptocurrencies, so much so that they may pose a threat to the role of the U.S. dollar as the world's reserve currency," Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note on Friday.

Oil contracts based on the dollar currently dominate global markets, though countries such as China, Russia, and Venezuela have long viewed a move away from the greenback as a strategic priority. That's because this would allow them to reduce their dependence on the dollar while limiting their exposure to U.S. currency risks and American sanctions.

"The advent of cryptocurrencies, therefore, represents a fresh catalyst for commodity-producing countries wishing to abandon the dollar as a means of payment for oil," Brennock said. ...

... For the remainder of the report:

https://www.cnbc.com/2017/12/08/bitcoin-for-oil-venezuela-russia-could-r...



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Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/


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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Dec 09, 2017

9:15a ET Saturday, December 9, 2017

Dear Friend of GATA and Gold:

Interviewing Swiss monetary metals expert Claudio Grass today, Russian government news agency Russia Today signifies again that the Russian government knows all about the Western gold price suppression scheme even if the monetary metals mining industry refuses to acknowledge it. The interview also signifies that Russia, China, and other countries that understand that the United States uses the dollar's reserve currency status to control the markets and the world are working to restore gold to a superior reserve status.

RT's interview with Grass is headlined "Russia-China Real Gold Standard Means End of U.S. Dollar Dominance" and it's posted at RT here:

https://www.rt.com/business/412546-china-russia-gold-standard-dollar/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



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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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Dec 09, 2017

9:50p ET Friday, December 8, 2017

Dear Friend of GATA and Gold:

Interviewed by Daniela Cambone for Kitco News, television show host Max Keiser of Russia Today argues that bitcoin's success will liberate gold from Wall Street's price suppression scheme. The interview is seven minutes long and can be viewed at Kitco here:

https://tinyurl.com/y9k2ahzr

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]



ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at [email protected] or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com


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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16