Support all your favorite nonprofits with a single donation.

Donate safely, anonymously & monthly, in any amount. It's a smarter way to give online. Learn more
GATA - Gold Anti-Trust Action Committee
Manchester, Conn.
givvers: jason

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

Apr 17, 2015

By Jonathan Stempel
Reuters
Friday, April 17, 2015

The U.S. government must return 10 exceptionally rare gold coins worth millions of dollars each to a Pennsylvania family from which the purloined coins were seized a decade ago, a federal appeals court ruled today.

By a 2-1 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia said Joan Langbord and her sons Roy and David are the rightful owners of the double eagle $20 gold pieces, after the government ignored their claim to the coins and missed a deadline to seek their forfeiture.

"The government knew that it was obligated to bring a judicial civil forfeiture proceeding or to return the property, but refused," Circuit Judge Marjorie Rendell wrote. "Having failed to do so, it must return the Double Eagles to the Langbords."

... For the remainder of the report:

http://www.reuters.com/article/2015/04/17/goldcoins-ruling-idUSL2N0XE19F...



ADVERTISEMENT

Silver Coins and Rounds with Employee Pricing and Free Shipping

Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion.Directory.

Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page.

This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping.

So go to --

http://MoneyMetals.com

-- and type "GATA" in the radio box at the top of the page.



Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Apr 17, 2015

By Alasdair Macleod
GoldMoney.com
Friday, April 17, 2015

There are two connected reasons usually cited for the current dollar strength: the U.S. economy is performing better than all the others, leading toward relatively higher U.S. dollar interest rates, and that this is triggering a scramble for dollars by foreign corporations with uncovered U.S. dollar liabilities. There is growing evidence that the first of these reasons is no longer true, in which case the pressure to buy dollars should lessen considerably. ...

... For the full commentary:

http://www.goldmoney.com/research/analysis/the-over-valued-dollar?gmrefc...



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 info@goldcore.com 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



Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Apr 17, 2015

By Lefteris Papadimas and Deepa Babington
Reuters
Friday, April 17, 2015

ATHENS -- Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials.

Barring a last-ditch deal with its creditors, that would leave no money to repay the International Monetary Fund almost 1 billion euros due in the first half of May. Athens' scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he tries to convince skeptical foreign creditors to extend his country new financial aid.

Officials from Greece and the lenders are meeting in Brussels on Saturday for a new round of negotiations ahead of a key euro zone finance ministers' meeting in Riga on April 24.

"This is the last bit of cash that the Greek state has," a senior finance ministry official, who requested anonymity, told Reuters.

Euro-zone officials have voiced scepticism about previous Greek warnings of empty coffers, although even they acknowledge a crunch is nearing. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/04/17/us-eurozone-greece-cash-exclus...



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

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, Ā­taking 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:

http://www.goldmoney.com/?gmrefcode=gata



Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Apr 16, 2015

2:40p ET Thursday, April 16, 2015

Dear Friend of GATA and Gold:

Perpetuating "quantitative easing," USAGold's Mike Kosares writes today, will be inflationary and tend to support the gold price, while ending QE likely will shake the markets and support the gold price as well. Kosares' commentary is headlined "Don't Be a Mr. or Mrs. Unicorn" and it's posted at USAGold here:

http://www.usagold.com/cpmforum/2015/04/16/dont-be-a-unicorn/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



ADVERTISEMENT

Buy precious metals free of value-added tax throughout Europe

Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.



Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Apr 15, 2015

4:55 ET Wednesday, April 15, 2015

Dear Friend of GATA and Gold:

As this is federal and state tax deadline day in the United States, it's worth being reminded by Beardsley Ruml, the former chairman of the Federal Reserve Bank of New York and instigator of federal income tax withholding, that, in a fiat currency system, governments can create infinite money, that in doing so they are limited only by potential debasement of the currency, and that taxes thereby have nothing to do with raising revenue but rather are instruments of social policy and control.

Ruml's insightful observations were made in a speech he gave in May 1945 to the American Bar Association that was published in the January 1946 edition of the quarterly magazine American Affairs and headlined "Taxes for Revenue Are Obsolete."

"Final freedom from the domestic money market," Ruml wrote, "exists for every sovereign national state where there exists an institution which functions in the manner of a modern central bank and whose currency is not convertible into gold or into some other commodity. ..."

Ruml cautioned: "The public purpose which is served should never be obscured in a tax program under the mask of raising revenue."

... Dispatch continues below ...



ADVERTISEMENT

Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore

Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.

Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.

Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.

Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173)

To invest or learn more, please visit:

https://www.goldbroker.com/



Elaborating, Ruml wrote: "Federal taxes can be made to serve four principal purposes of a social and economic character. These purposes are:

"1. As an instrument of fiscal policy to help stabilize the purchasing power of the dollar.

"2. To express public policy in the distribution of wealth and income, as in the case of the progressive income and estate taxes.

"3. To express public policy in subsidizing or in penalizing various industries and economic groups.

"4. To isolate and assess directly the costs of certain national benefits, such as highways and Social Security. ...

"Among the policy questions with which we have to deal are these:

"-- Do we want a dollar with reasonably stable purchasing power over the years?

"-- Do we want greater equality of wealth and of income than would result from economic forces working alone?

"-- Do we want to subsidize certain industries and certain economic groups?

"-- Do we want the beneficiaries of certain federal activities to be aware of what they cost?"

Though it is implicit in his analysis, Ruml might have specified one other purpose of taxation: To determine the allocation of power among the government, social classes, and individuals.

While Ruml's memory is enhanced by his advocacy of candor in government policy, if he was still around, still believed in transparency, and tried returning to the New York Fed, he'd never be permitted to visit its trading floor and indeed might not even be able to walk down "Liberty" Street without getting run over by a truck dispatched by the Exchange Stabilization Fund.

Ruml's essay is published in PDF format at GATA's Internet site here:

http://www.gata.org/files/BeardsleyRuml-AmericanAffairs-Jan1946.pdf

The entire January 1946 edition of American Affairs is posted at the Mises Institute Internet site here:

http://mises.org/sites/default/files/AA1946_VIII_1_2.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

AttachmentSize
BeardsleyRuml-AmericanAffairs-Jan1946.pdf3.17 MB

Apr 15, 2015

From the British Broadcasting Corp., London
Wednesday, April 15, 2015

In the deepest salvage operation in history, a British-led team has recovered a $50 million (L34 million, E47 million) trove of coins that has lain on the seabed since the steamship carrying them from Bombay to England was sunk in 1942.

The SS City of Cairo was torpedoed 480 miles south of St. Helena by a German U-boat and sank to 5,150 meters. Its precious cargo -- 100 tonnes of silver coins -- belonged to HM Treasury. The silver rupees had been called in by London to help fund the war effort.

But they never made it. The steamship's tall plume of smoke was spotted by a U-boat on 6 November 1942 and it was torpedoed.

Ten minutes later, amid efforts to abandon ship, the City of Cairo was hit with a second torpedo which sealed its fate.

The ship and its cargo was presumed lost until 2011, when a team led by British salvage expert John Kingsford located an unnatural object among the ridges and canyons of their South Atlantic search area. ...

... For the remainder of the report and some great photographs:

http://www.bbc.com/news/world-africa-32316599



ADVERTISEMENT

Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/



Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Apr 15, 2015

State's Exports Enjoying a Gold Rush

Massachusetts Shipped Nearly $2 Billion of the Precious Metal to Far-Flung Markets Last Year

By Megan Woolhouse
The Boston Globe
Tuesday, April 14, 2015

http://www.bostonglobe.com/business/2015/04/14/golden-mystery-massachuse...

Massachusetts' top export is not sleek medical devices, cutting-edge machinery, or life-saving pharmaceuticals. It is something more intriguing: gold.

In a state devoid of gold mines, Massachusetts exported nearly $2 billion in gold last year to places such as the United Kingdom, Switzerland, and Hong Kong, according to WiserTrade.org, a Leverett trade research group. And these were not paper transactions but 62,500 pounds of the glittery metal -- roughly the weight of a herd of more than two dozen rhinoceros.

But exactly who is exporting this gold has stumped even specialists studying the Massachusetts economy, who can talk knowledgeably about almost any product that leaves the state, from semiconductors to seafood to colon cancer tests.

... Dispatch continues below ...



ADVERTISEMENT

USAGold: Coins and bullion since 1973


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:

http://www.USAGold.com

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



"I really would like to know, but I don't," said Northeastern University economics professor Alan Clayton-Matthews.

As it turns out, much of the gold leaving the state appears to be just passing through. In 2014, Massachusetts was not only the nation's fifth-largest gold exporter but also its fourth-largest importer, accepting about $1.5 billion from countries such as Canada, Colombia, and Mexico.

The middle man appears to be the gold-refining industry, which understandably keeps a very low profile. Massachusetts has its own version of Fort Knox, the Metalor refinery, located in North Attleborough. Metalor, a subsidiary of a Swiss firm that makes gold bullion and parts for Rolex watches, is among the nation's largest gold refiners.

The company did not return phone calls and e-mails. Juan Carlos Artigas, director of investment research at the World Gold Council, a trade association in London, also was tight-lipped about who here is buying and selling all that gold.

"There are bar and coin dealers in Massachusetts that basically function as a repository to sell gold to other parts of the country and parts outside the US," Artigas said "But I don't think I can expose names."

Artigas has good reason to be careful. Last month, armed robbers stole $5 million in gold and silver from a truck headed from Miami to Boston. The FBI said the truck driver pulled over on a remote stretch of Interstate 95 in North Carolina when men who said they were "policia" ordered them out of the truck, then loaded barrels of gold and silver into a white getaway van.

The security guards were employed by TransValue Inc., a Miami transportation company that is offering $50,000 in addition to the FBI reward of $25,000 to anyone with information. FBI Special Agent Michael D. Leverock of the Miami bureau declined to discuss the truck's exact destination.

Larry Nyborn, the second-generation owner of Precious Metals Reclaiming Service , a Westwood refiner, said much of the gold that arrives in Massachusetts comes through Miami.

His small firm opened a location in West Palm Beach, Fla., in recent years, extracting gold from old jewelry and electronics and selling it to other US metal refiners, including Metalor.

Metalor makes gold bars stamped with its name and "999.9," representing the near-purity of the bars, and sells them internationally, according to the company's website.

Metalor's suppliers include mining companies, central banks, dealers, recyclers, and industries producing precious metal waste, according to the company's most recent annual report.

"They're one of the big boys," Nyborn said. "They could account for a big amount of [gold exports], but I don't have any way to know. And I don't think they're going to tell you."

Neither will the US Census Bureau, which tracks specific goods and the companies that export them. A spokesman said the names of those businesses are confidential.

Metalor's 2013 annual report, the most recent available, offers few clues, other than to say that the company's sole US plant "gained market share" in recent years. Metalor board chairman Scott Morrison told Bloomberg News in 2013: "Right now we can't keep up with demand in terms of investors in Asia purchasing gold."

In 2013, Massachusetts shipped about $1 billion in gold to Hong Kong, up from less the $1 million in 2011, according to WiserTrade.org. Last year, the state exported about $217 million in gold to Hong Kong.

Commodities specialists said a modernizing global economy is creating affluence in nations such as China and India, where demand for gold has spiked. "Part of having more wealth is you're able to purchase more jewelry," said KC Chang, a senior economist at IHS Global Insight, a Lexington forecasting firm. "Gold benefits from a rising middle class in Asia."

The price of gold doubled from 2006 to 2010 before peaking in 2011 at about $1,900 an ounce, helping the precious metal become one of the state's top dollar-value exports. Gold is now trading at about $1,200 an ounce.

Daniel Hodge, director of the Donahue Institute, a policy and economic research arm of the University of Massachusetts, said state economists have concluded that a single company, located near Attleboro, is responsible for the gold passing through the state.

But that's as far as the research went, he said, because gold doesn't have a big impact on the state's broader economy. Technology, pharmaceuticals, and manufacturing employ more workers and offer a better barometer of international trade and the state's economic health.

"There are other sectors we think are more telling about how well Massachusetts companies are trading with Europe and Asia," Hodge said. "But gold is one of the larger categories of commodities that we export."

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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

Apr 15, 2015

2:10p ET Wednesday, April 15, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson is expecting a substantial short squeeze in silver futures in about two weeks. His commentary is headlined "Another Silver Short Squeeze Looms" and it's posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/6767/another-silver-short-squeeze-loo...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



ADVERTISEMENT

Free Storage with BullionStar in Singapore Until 2016

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 StorageĀ® online around the clock. Storage is FREE until 2016 and will have the most competitive rates in the industry thereafter.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/



Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

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