King World News interviews GATA's Douglas on 'imaginary' gold


8:35p ET Friday, October 30, 2009

Dear Friend of GATA and Gold:

GATA board member Adrian Douglas, publisher of the Market Force Analysis letter (, was interviewed for 11 minutes today by Eric King of King World News. Douglas described how the creation of "imaginary" gold -- paper claims to gold that doesn't exist but is never called for delivery -- has prevented the gold price from catching up with inflation in recent years. But, Douglas added, as the fraud increasingly is discovered and people who have purchased "imaginary" gold get suspicious and ask for delivery, the gold price will explode quite without any help from inflation or deflation. You can listen to the interview with Douglas at the King World News Internet site here:

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

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