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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

May 22, 2015

9:22p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

GoldMoney's research chief, Alasdair Macleod, tonight calls attention to a private index of inflation in the United States over the last five years, the Chapwood Index, which measures "the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation." According to the Chapwood Index, inflation has not been tame, as the U.S. government would have people believe, but has been running at an average of 10 percent per year since 2011. If the bond market ever acknowledged this, Macleod writes, bond prices would be quite different. All the more reason for the U.S. government to suppress the price of gold, ordinarily an indicator of inflation.

Macleod's commentary is headlined "Inaccurate Statistics and the Threat to Bonds" and it's posted at GoldMoney here:

https://www.goldmoney.com/research/analysis/inaccurate-statistics?gmrefc...

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



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/new-orleans-investment-conference/home

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

May 22, 2015

9:12p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Perth Mint research chief Bron Suchecki figures that the Indian government's gold "monetization" proposal will serve mainly to encourage Indians to buy the gold that other Indians are seeking only to lend. Suchecki writes: "There is a mismatch here. One side wants to lend and still own it, whereas the other wants to own it outright. That cannot be squared with any fancy financial footwork. No Indian bank is going to go short gold in Indian rupees."

Suchecki's commentary is headlined "Indian Gold Monetization Scheme a Temporary Solution" and it's posted at the Perth Mint's research page here:

http://research.perthmint.com.au/2015/05/21/indian-gold-monetisation-sch...

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



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/new-orleans-investment-conference/home

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

May 21, 2015

Is it to increase deliveries, as the sources tell Reuters, or just to paperize London more?

* * *

By Clara Denina and Jan Harvey
Reuters
Thursday, May 21, 2015

LONDON -- The Chicago Mercantile Exchange is developing a European gold futures contract to serve customers in London, three sources familiar with matter said, which could present a direct challenge to London's traditional cash market.

The contract would mirror existing futures traded on CME's New York COMEX platform, which has a 100-ounce contract size and typically trades volumes of between 15 million and 20 million ounces daily.

That is the world's most liquid gold contract, essentially setting the benchmark for bullion futures globally.

"The CME has been working on a loco (deliverable in) London futures contract for a while," one source familiar with the matter said. "Comex futures are deliverable at Comex warehouses, but instead with London futures you would take delivery at your London vault. Potentially they would see a lot more futures being delivered if customers could have London gold." ...

... For the remainder of the report:

http://uk.reuters.com/article/2015/05/21/uk-gold-futures-cme-idUKKBN0O61...



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/new-orleans-investment-conference/home

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

May 21, 2015

12:50p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

As debt collapses of its own weight and brings derivatives down with it, Swiss gold fund manager Egon von Greyerz tells King World News today, the determinant of the world's new financial system will be a matter of who has gold and who doesn't. An excerpt from von Greyerz's interview is posted at the KWN blog here:

http://kingworldnews.com/as-the-risk-of-a-total-meltdown-increases-expon...

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



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/new-orleans-investment-conference/home

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

May 21, 2015

11:34a ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

The Indian government's gold "monetization" scheme, the TF Metals Report's Turd Ferguson writes today, aims to create more imaginary gold, to make gold seem to be in two places at once at the same time, in the name of controlling the country's trade deficit when the real problem is the historic crappiness of the country's currency, the rupee. The TF Metals Report's commentary is headlined "India's Convoluted Gold Scheme" and it's posted here:

http://www.tfmetalsreport.com/blog/6860/indias-convoluted-gold-scheme

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



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

To invest or learn more, please visit:

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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/new-orleans-investment-conference/home

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

May 21, 2015

8:35a ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Gold researcher and GATA consultant Koos Jansen today outlines the arguments for and against thinking that the People's Bank of China obtains gold through the Shanghai Gold Exchange, a determination critical to estimating how much metal has been brought into the country's gold reserves. Jansen is inclined to think that the central bank is obtaining its gold outside the exchange and outside "visible" channels, since government purchases of gold can be the most sensitive state secrets. Jansen's commentary is headlined "PBOC Gold Purchases: Separating Facts from Speculation" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/pboc-gold-purchases-separa...

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



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/new-orleans-investment-conference/home

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

May 20, 2015

Chinese Gold Standard Would Need a Rate 50 Times Bullion's Price

By Nicholas Larkin and Eddie Van Der Walt
Bloomberg News
Wednesday, May 20, 2015

A move to a gold standard in China would require an exchange rate of as much as $64,000 an ounce, 50 times bullion's price now, according to Bloomberg Intelligence.

A traditional gold standard, in which the precious metal backs the currency, is basically impossible at current prices due to the amount of metal needed and there's no evidence that the sixth-biggest bullion holder will adopt one, Bloomberg Intelligence said in reports published today. Any attempt probably would involve new technologies and depend on the ratio of what is backed, it said.

Chinese policy makers are trying to establish the yuan as a reserve currency, and backing it with gold would help attract foreign capital inflows, the Bloomberg research unit wrote. Theoretically, to create an exchange rate of one ounce of gold for every $64,000, the country would need about 10,000 metric tons of the metal, they estimated. That's nine times the nation’s official holdings and about 6 percent of all the bullion ever mined globally. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2015-05-20/chinese-gold-standard-...



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/new-orleans-investment-conference/home

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

May 20, 2015

India's Gold Monetisation Plan Lacks Lustre, Industry Says

By A. Ananthalakshmi and Rajendra Jadhav
Reuters
Wednesday, May 20, 2015

A proposal in India to attract thousands of tonnes of gold owned by households into a bank deposit scheme will likely fail in its current form as it does not address some key concerns for banks and consumers.

Support from banks would be crucial for the success of the monetisation plan. Deposit schemes, similar to the one proposed on Tuesday by the Narendra Modi-led government, have previously failed as the incentives offered were not profitable for banks.

The idea is to attract gold lying idle among Indian homes into the banking system. This amounts to an estimated 20,000 tonnes of gold -- or almost seven times global annual output. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/05/20/india-gold-deposits-idUSL3N0YB...



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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/new-orleans-investment-conference/home

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