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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
12:12p ET Saturday, July 26, 2025
Dear Friend of GATA and Gold:
Noel Lorenzana, a certified public accountant in Morton Grove, Illinois, who operates a channel at YouTube, this week called attention to the disappearance of the story about President Trump's desire to inspect the gold vaults at Fort Knox.
Lorenzana quotes geopolitical expert Jim Rickards' observation that Treasury Secretary Scott Bessent probably talked the president out of the idea, lest scrutiny of Fort Knox disclose that the gold there has been leased, swapped, or otherwise encumbered as part of the U.S. government's longstanding policy of gold price suppression and currency market manipulation, and lest it remind the world that gold remains not just money but the highest form of it.
... Dispatch continues below ...
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Anyone asking questions about gold leasing, Rickards remarked back in March --
https://www.gata.org/node/23700
-- is "tampering with the primal forces."
That's why mainstream financial news organizations never pose such questions and why, for the truth about gold, the world must rely on others, like Rickards, an accountant from Illinois, and, of course, GATA.
Lorenzana's program is 17 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=IsZCmEWcUVg
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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
By Maiya Keidan
Reuters
via Yahoo News, Sunnyvale, California
Friday, July 25, 2025
WASHINGTON -- President Donald Trump said today he liked a strong dollar but "you make a hell of a lot more money" with a weaker one.
"So when we have a strong dollar, one thing happens: It sounds good. But you don't do any tourism. You can't sell tractors, you can't sell trucks, you can't sell anything," Trump said at the White House before leaving on a trip to Scotland.
... Dispatch continues below ...
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"It is good for inflation. That's about it."
The dollar index, which measures the greenback's strength against six major currencies, steadied today after hitting two-week lows earlier in the week. It is still down roughly 10% over the six months Trump has been in office. ...
... For the remainder of the report:
https://finance.yahoo.com/news/trump-strong-dollar-sounds-good-164837272.html
* * *
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
7:33p ET Friday, July 25, 2025
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire goes solo this week on Kinesis Money's "Live from the Vault," explaining how China and the BRICS nations are taking control of gold and silver prices with a new international financial settlement system that is tariff- and sanction-proof. The BRICS preparations, Maguire says, are already draining real metal from the London and New York "paper" markets, while central bank gold purchases are continuing to raise gold prices in an orderly "stairstep" pattern.
This week's LFTV episode is 36 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=eG4Sk9_2d1Q
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
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The Gold Tree of Life in the popular 1-ounce format, along with the Gold Tree of Life 0.1-ounce and the Silver Tree of Life 1-ounce,
are now available from Tara Coins directly and from authorized distributors in the U.S. and worldwide
The Gold Tree of Life in the popular 1-ounce format, along with the Gold Tree of Life 0.1-ounce and the Silver Tree of Life 1-ounce, are now available from Tara Coins directly or from authorized distributors in the United States and worldwide.
The Gold and Silver Trees of Life are the first 99.99% Irish bullion rounds and are truly sovereign (non-legal tender) coins. They are beautiful and limited in mintage and supply, making them highly desirable as gifts, collectible coins, and -- most importantly -- as stores of value.
Tara Coins is a designer, wholesaler, and retailer of Irish bullion products, selling beautiful, collectible, store-of-value, 99.99% pure Irish silver and gold bullion.
GATA supporter Money Metals Exchange is now one of Tara Coins' leading distributors in the U.S. and is selling all the Gold and Silver Trees of Life coins for delivery or storage at its vault in Idaho.
For more information about Tara Coins' Gold and Silver Trees of Life, including minimum order sizes and premiums to purchase them, please contact us at [email protected] or visit us at https://www.taracoins.com/.
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
11:23a ET Friday, July 25, 2025
Dear Friend of GATA and Gold:
GATA consultant Robert Lambourne reports today that the gold swaps undertaken by the Bank for International Settlements changed little in June, rising by 2 tonnes over the swaps on the bank's books in May, going from 32 up to 34 tonnes.
The increase isn't ever made explicit by the BIS but it can be calculated from the bank's monthly statements of account, and the June statement was published yesterday:
https://www.bis.org/banking/balsheet/statofacc250630.pdf
The bank, an organization of major central banks, has been dealing in gold swaps since at least 2009, and those swaps are usually the most contemporaneous proof of constant surreptitious intervention in the gold market by central banks, quite apart from the gold purchases some central banks announce occasionally.
... Dispatch continues below ...
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This dispatch written by Lambourne several weeks ago provides some history about the transactions:
https://www.gata.org/node/23935
The swaps may be even more interesting for the refusal of mainstream financial news organizations to take note of them since the Financial Times first reported about them in 2010. As the saying goes, news is what somebody doesn't want published, and the rest is just advertising.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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
11:13a ET Friday, July 25, 2025
Dear Friend of GATA and Gold:
Like gold, silver now seems to be breaking out of its longstanding derivatives clutches engineered by the U.S. government and its investment bank agents. But this largely surreptitious manipulation of the monetary metals markets hasn't been overthrown yet.
Indeed, it probably won't be overthrown until the public is invited to attend every proceeding of the Federal Reserve Board, the U.S. Treasury Department, and the Bank for International Settlements. So GATA's work is unfinished, and free and transparent markes for the monetary metals are not yet secured.
... Dispatch continues below ...
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But with silver's price rising, there's an especially good way for advocates of the monetary metals to help keep GATA in the fight. That's by making a donation to GATA of $250 or more, which will entitle the donor to a beautiful 1-ounce silver round commemorating GATA' work.
Our friends at Money Metals Exchange in Eagle, Idaho, support our struggle so much that they have minted the silver round honoring GATA.
On the front of the round is an engraving copied from the GATA painting by Alain Despert, depicting GATA as a modern-day Don Quixote leading a march of gold and silver advocates on the U.S. Treasury Department building in Washington:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
The back of the round shows the torch of liberty breaking the chains of price suppression and recognizing gold and silver as the crucial defenders of liberty:
https://www.gata.org/sites/default/files/GATA-silver-round-back.png
You can purchase the GATA commemorative silver round directly from Money Metals Exchange for around $42 here:
https://www.moneymetals.com/gata-silver-round-1-troy-ounce-999-pure/1873
But if you'd like to help GATA as well, please donate $250 or more and we'll arrange to have your silver round shipped to you from Money Metals Exchange, which is now the operator of the largest precious metals depository in the United States west of New York, a depository larger than Fort Knox. (By the way -- whatever happened to the Trump administration's planned inspection of Fort Knox to see if the gold it is said to contain is secure? Was the president dissuaded by a confidential warning that the gold is encumbered by some of those derivatives?)
Your gift in any amount will fuel GATA's important work.
Since GATA is a federally recognized tax-exempt educational and civil rights organization, donations are federally tax-deductible. If you receive a silver round for your donation, the metal value of the round must be subtracted from the federal tax-deductibility of your donation. For example, with the silver round priced at $42, a $250 donation made to GATA would be federally tax-deductible for $208.
To donate, please mail a check payable to GATA to:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, Conn. 06043-7541 USA
Or visit GATA's internet site here:
Please make sure to let us know your shipping address as well as your e-mail address so we can speed your silver round to you and thank you promptly without incurring the time and expense of surface mail.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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
By Mark Wembridge
Australian Financial Review
Thursday, July 24, 2025
Northern Star Resources has axed its forward hedging policy to take advantage of the soaring gold price, as it grapples with problems at its Super Pit mine in Kalgoorlie that have curbed production and increased costs.
The ASX's biggest listed gold producer had previously hoped to produce as much as 1.8 million ounces in the 2025 financial year, but abandoned that forecast. Northern Star confirmed that it could sell only about 1.6 million ounces this year, and that slower output would continue into 2026. ...
... Dispatch continues below ...
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Northern Star has dropped its policy of selling some of its gold on forward hedging contracts, to give it greater exposure to booming prices. The miner currently has hedging contracts in place for about 1.4 million ounces at an average price of $3,286 each, well below the spot price. ...
... For the remainder of the report:
* * *
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
By Jesse Colombo
TheBubbleBubble.Substack.com
Thursday, July 24, 2025
I wanted to share an update highlighting a fascinating development -- and the successful confirmation of a theory I proposed during the bleak days of early April:
https://thebubblebubble.substack.com/p/gold-and-silver-market-update-everything
That was when silver, along with most financial markets, plunged following President Trump's surprising "Liberation Day" tariff announcement.
... Dispatch continues below ...
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Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
Silver sank a staggering 21% in just three trading sessions -- a move that was both shocking and disheartening for precious metals investors. Yet even then I saw a glimmer of hope in the parallels with the early 2020 Covid lockdowns, which initially caused panic but ultimately sparked a powerful silver rally to seven-year highs.
In this update, I'll walk through how that theory played out—and what it still indicates for silver's path ahead. ...
... For the remainder of the analysis:
https://thebubblebubble.substack.com/p/how-the-gold-silver-ratio-predicted
* * *
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
By Misha Savic and Jack Ryan
Bloomberg News
Thursday, July 24, 2025
Serbia's central bank plans to bring all of its roughly $6 billion worth of gold reserves onto its own soil to ensure the security of the hoard in periods of crisis.
That will make Serbia the first eastern European country not to hold any of its bullion in traditional hubs like Switzerland, the United Kingdom, and the United States.
... Dispatch continues below ...
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"By returning gold to the country, the National Bank of Serbia sought to increase the availability and security of gold reserves in periods of crisis and uncertainty," the central bank said in response to questions, adding that the repatriation efforts began in 2021 amid "an environment of increased global uncertainty." ...
Serbia bought 17 tons abroad from 2019 through last year, in addition to at least 19 tons from Zijin Mining Group Co.'s local unit. That brought total reserves to 50.5 tons, all stashed in Belgrade except five tons bought in 2024 and still stored in Switzerland for now. That amount of gold is worth about $6 billion at current spot gold prices.
The remaining five tons will be brought home "as soon as possible," Governor Jorgovanka Tabakovic said last week. ...
... For the remainder of the report:
* * *
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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