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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
7:52p ET Thursday, December 19, 2024
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
... Dispatch continues below ...
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And some countries -- those associated with the BRICs group -- are even thinking about creating an international currency with which they can avoid the U.S. government and the dollar and protect their sovereignty against U.S. economic sanctions.
Shorting gold through derivatives is no longer a sure mechanism for profit. To the contrary, the practice now threatens to blow up the governments, central banks, and associated banks still using it.
Documenting, litigating against, and complaining about monetary metals price suppression for 25 years, GATA has alerted investors, governments, mining companies, and news organizations around the world. No one in the monetary metals sector denies metals price suppression any longer; most people in the sector take it for granted even as most remain too scared to discuss it lest they risk getting in trouble with their governments and banks.
The U.S. Treasury Department, its Exchange Stabilization Fund, the Federal Reserve Board, and the Bank for International Settlements have turned out not to be "conspiracy theories" but actual conspiracies in operation. If you don't believe us, try attending their meetings. There are reasons they won't let you in -- reasons defining "conspiracy."
But the struggle against monetary metals price suppression has not yet been won, and we need your help.
GATA is still the only organization in the world devoted to waging the struggle for free and transparent monetary metals markets, which is a struggle for limited and accountable government generally.
Advancing this cause takes resources. It doesn't happen on its own.
But if you help GATA today, we have something special for you.
Our friends at Money Metals Exchange in Eagle, Idaho, support our struggle so much that they have minted a beautiful 1-ounce silver round honoring GATA -- and they want you to have at least one.
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 from Money Metals Exchange for around $34 here:
https://www.moneymetals.com/gata-silver-round-1-troy-ounce-999-pure/1873
But if you'd like to help GATA directly, each donation of $250 to GATA will entitle the donor to one of these silver rounds, which GATA will arrange to have shipped to the donor 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 even Fort Knox.
Your gift today will propel GATA's important work, and we'll be very grateful for it.
We just need to remind donors that the metal value of each of the rounds they receive as thanks for their donation must be subtracted from federal tax-deductibility of their contribution to GATA. For example, with the silver round priced at $34, a $250 donation made to GATA would be federally tax-deductible for $216.
Of course these silver rounds are likely to increase in value along with the silver price in the years ahead -- another reason to consider supporting GATA this way.
So please consider making a donation to GATA right now -- today -- especially now that this special 25th anniversary GATA silver round is available to memorialize it.
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 include your e-mail address so we can thank you without incurring the time and expense of surface mail. And if you're donating $250 or more, please let us know your shipping address so we can speed the silver round on its way to you.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
* * *
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
2:23p ET Wednesday, December 18, 2024
Dear Friend of GATA and Gold:
GoldMoney founder and monetary metals advocate James Turk is Andy Schectman's guest this week on bullion dealer Miles Franklin's "Little by Little" program. They discuss Turk's long career in international banking and the monetary metals, as well the prospects for a return of constitutional money to the United States.
The program is 58 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=Ukq9k82zxQU
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
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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:
* * *
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:
By Alasdair Macleod
GoldMoney, Toronto
Wednesday, December 18, 2024
It was a week of two halves for gold and silver prices: rising strongly until Thursday when prices were smashed. ...
A feature of this week’s [last week's] trading was levitated futures premiums over spot, particularly noticeable in silver, which before yesterday's price smash represented a premium over overnight rates of as much as 7% annualized for the active February contract.
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While premiums and discounts in futures contracts over spot can and do vary, this detachment was unusually high. This sense of panic has now abated, and bullish hedge fund speculators are being stopped out.
This is very short-term stuff. Additional evidence of market strains is to be seen in the extraordinary level of stands-for-delivery associated with December's Comex contracts running off the board. In the 10 sessions since Thanksgiving, 62.13 tonnes of gold have been stood for delivery and 1,302.6 tonnes of silver. These are huge quantities, particularly for a derivatives market where delivery was not intended.
Almost certainly, there is a general bear squeeze on the establishment's net short position. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/massive-comex-deliveries-since-thanksgiving
* * *
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 --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at [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:
To contribute to GATA, please visit:
Syria Retains 26 Tons of Gold Reserves After Assad's Fall, Sources Tell Reuters
By Timour Azhari and Libby George
Reuters
Monday, December 16, 2024
DAMASCUS -- The vault of Syria's central bank holds nearly 26 tons of gold, the same amount it had at the start of the country's bloody civil war in 2011, even after the chaotic fall of Bashar al-Assad's despotic regime, four people familiar with the situation told Reuters.
But the country has only a small amount of foreign currency reserves in cash, the same people said.
... Dispatch continues below ...
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Syria's gold reserves stood at 25.8 tons in June 2011, according to the World Gold Council, which cites the Central Bank of Syria as its data source. That is worth $2.2 billion at current market prices, according to Reuters calculations.
But the central bank's foreign exchange reserves amount to just around $200 million in cash, one of the sources told Reuters, while another said the U.S. dollar reserves were "in the hundreds of millions."
While not all reserves would be held in cash, the drop is substantial compared with before the war. At the end of 2011 Syria's central bank reported $14 billion in foreign reserves, according to the International Monetary Fund. In 201, the IMF had estimated Syria's foreign reserves to stand at $18.5 billion. ...
Syria's new government, led by former rebels, is still taking stock of the country's assets after Assad fled to Russia on Dec. 8. Looters briefly accessed parts of the central bank, taking Syrian pounds with them, but did not breach the main vault, Reuters reported.
Some of what was stolen was then returned by Syria’s new rulers, Syrian officials told Reuters.
The vault is bomb-proof and requires three keys, each held by a different person, and a combination code to be opened, said one of the sources.
The vault was inspected by members of Syria's new administration last week, two sources said, days after the rebels took control of the Syrian capital Damascus in a lightning offensive that ended more than 50 years of rule by the Assad family. ...
... For the remainder of the report:
* * *
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:
From Reuters
Monday, December 16, 2024
Barrick Gold will suspend operations in Mali if gold shipments continue to be blocked, the company said today as it struggles to reach agreement with authorities on a new mining code in the West African country.
Conditions at the miner's Loulo-Gounkoto complex have "deteriorated significantly," Barrick said, adding that employees have been imprisoned without cause and shipments of bullion have been blocked.
... Dispatch continues below ...
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"If shipments remain suspended, Barrick will be compelled to suspend operations, further impacting the viability of this critical economic driver for Mali," the company said. ...
... For the remainder of the report:
* * *
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:
By Nabiila Azzahra
Tempo, Jakarta, Indonesia
Sunday, December 15, 2024
Indonesia's Financial Services Authority (OJK) said the need to establish a gold bank in Indonesia is urgent. A gold bank is a form of bullion business activity that is currently being developed by OJK and the government.
The chief executive of the Supervisory Board of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions of OJK, Agusman, explained the urgency of organizing bullion business activities.
... Dispatch continues below ...
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Agusman said this was necessary considering Indonesia's position as a producer and one of the largest gold reserve owners in the world but also as an importer to meet domestic gold needs.
With a gold bank, Indonesia will finally be able to record the value of its gold stock and include gold in its financial balance sheet. ...
... For the remainder of the report:
https://en.tempo.co/read/1953080/ojk-establishment-of-gold-bank-in-indonesia-is-urgent
* * *
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:
11:40a ET Saturday, December 14, 2024
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, speaking on this week's edition of Kinesis Money's "Live from the Vault" program, says gold's stair-step upward revaluation continues and that silver is setting up for a sharper rise. He adds that President-elect Trump's plans to impose tariffs on countries he deems hostile to the U.S. dollar will boost gold as well.
The program is 40 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=5hHeh2mnvXg
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
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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:
8:51a ET Friday, December 13, 2024
Dear Friend of GATA and Gold:
Andy Schectman of the Miles Franklin coin and bullion dealership in Minnesota interviewed your secretary/treasurer the other day for his podcast, discussing GATA's history, its documentation of Western gold price suppression policy, and its efforts to expose the policy and get the world to understand the ruthless imperialism behind it. Your secretary/treasurer says GATA has had some good success but, ironically, more with central banks than with mainstream financial news organizations and major monetary metals mining companies.
The interview is 49 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=Mteda1USjlY
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]
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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 --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at [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:
To contribute to GATA, please visit:
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