GATA talks Gold market manipulation and calls for transparency at the Fed
Al talks with Bill Murphy, Ed Steer, and Chris Powell of the Gold Anti-Trust Action Committee (GATA) about how they uncovered manipulation in the gold markets, secret gold-swap agreements in the Fed, and how the price of gold is being held down still today.
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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.
Murphy’s essays reported evidence of collusion among financial institutions to suppress the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold mining and investor interests should act on Murphy’s essays by bringing suit against the financial institutions involved in the collusion against gold.
The response to these essays was so favorable that the committee was formed and formally incorporated in Delaware. Murphy became chairman and Powell secretary/treasurer.
GATA underwrote the federal anti-trust lawsuit of its consultant, Reginald H. Howe — Howe vs. Bank for International Settlements et al. — which was pursued in U.S. District Court in Boston from 2000 to 2002. While the Howe suit was dismissed on a jurisdictional technicality, it became the model for Blanchard Coin and Bullion’s anti-trust lawsuit against Barrick Gold and J.P. Morgan Chase & Co., which was filed in U.S. District Court in New Orleans in 2002 and prompted Barrick Gold’s decision to stop selling gold in advance for 10 years.
For More Information, Visit:
http://www.gata.org
http://www.lemetropolecafe.com
http://www.caseyresearch.com
http://www.evenkeelmedia.com
Hi Scott,
You make an interesting point.
I have been convinced for a long time that big individual smart money is turning to precious metals. I mean, why wouldn’t smart successful people hedge their bets and buy gold and/or silver?
Best,
Big Al
her music was dope, whatever that means . I think Brit is awoseme, and her music old, and new is sweett! if you agree with meh, comment plz thx
i agree with bill. for sure someone [or government china] has been buying gold on days when silver has dropped a lot gold stays flat. usa wants gold to drop but someone has been buying gold and probably a lot of it i suspect china or asian billionaires are buying kilo bricks or larger bars. i hear sales of one oz or less gold coins and 10 gram and 100 gram bars are selling well in germany. at the end of WW2 in germany when the german population was starting to starve, the all started to buy silver sterling spoons from pawn shops and stores as the hitler money became nearly worthless. germans have been thru this many times before i am sure they and french private investores are going to slowly move into bullion and eventually silver as well silber in german. love to all scott