Articles

Accounting for the ESF's Gold Swaps - James Turk

Section:

A few weeks ago I received an interesting email from Andrew Hepburn. He is a diligent researcher who has done yeoman's work for www.GATA.org, an organization formed for one purpose - to find the truth about who is keeping a lid on the gold price. Andrew and I recently have been sharing information and research on a number of matters, and he brought to my attention an intriguing footnote in a 1997 report called the "Consolidated Financial Statements of the US Government" (CFS).

What U.S. and Foreign Officials Have Said About The Fed's Activities in the Gold Market - Bill Murphy

Section:

    From the transcript of the minutes of the Federal Open Market Committee on March 26, 1991 (www.federalreserve.gov/fomc/transcripts/1991/910326Meeting.pdf): Near the end of a lengthy discussion (pp. 8-21) of U.S. foreign exchange reserves, which are held in approximately equal portions by the Fed and the Exchange Stabilization Fund, former Fed governor Wayne Angell added (p. 19):

The Bank of Italy Confirms Gold Cartel, IMF Gold Deception - Bill Murphy

Section:

The following documentation and statements were presented in Reg Howe's lawsuit filed in the District Court of Massachusetts against Defendants: Bank for International Settlements, Alan Greenspan, William J. McDonough, J.P. Morgan & Co. Inc., Chase Manhattan Corp., Citigroup, Inc., Goldman Sachs Group, Inc., Deutsche Bank AG and Lawrence H. Summers, Secretary of the Treasury.

*In July 1998, Fed Chairman Alan Greenspan, testifying before the House Banking Committee, stated: "Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise." This statement amounted to a declaration that the gold price had been and would continue to be controlled.

Search for the Gold Truth -Bill Murphy

Section:

The Christmas, end-of-year holiday season is often a time of reflection for many of us. As a result of the Terrorist attacks and warring strife in the world, the closing out of 2001 may be more poignant than most years. As chairman of The Gold Anti-Trust Action Committee, it certainly is for me.

Chris Powell and I will soon commence year four in our effort to expose the manipulation of the gold price. From day one we stated that our main goal was to expose the "truth" about the gold market. That is what we told the Speaker of the House, Dennis Hastert; the chairman of the Subcommittee on Domestic and International Monetary Policy, Spencer Bachus; the chairman of the House Joint Economic Committee, James Saxton; and the President of the United States, George W. Bush, via his private fax.

New African Magazine - Gold In Court

Section:

AFRICA/WORLD

A US court is to decide whether or not to allow a civil suit, which alleges that American government officials and other international banks conspired to manipulate the gold market to the detriment of African gold producers, to continue to the discovery stage.

Reginald Howe, an American lawyer, filed the case in December last year against the US Treasury, the Bank for International Settlements (based in Switzerland), the US Federal Reserve chairman Alan Greenspan, the Federal Reserve president William McDonough, and the former US treasury secretary Lawrence Summers.

New African Magazine - Arm-Twisting Africa

Section:

...Startling revelations at the GATA African Gold Summit in Durban. Story by Adam Hamilton.

Go on, ask the question: (from left) Ghana's JJ. Kufuor and South Africa's Thabo Mbeki whose economies have suffered greatly from the rigging of the gold market, are yet to publicly demand a stop to it

While the gold price appears to be calm and placid on the surface, powerful forces war behind the scenes to shape it. The stakes are stupendously high, as the state of the gold market and the price of gold do not exist in a vacuum. Virtually every important capital market in the world, from the mammoth currency foreign exchange markets to the critical international bond markets, is affected directly or indirectly by the price of gold.

New African Magazine - Why King Gold Has No Clothes

Section:

... manipulation of the world gold market exposed!

Poor Africa: the more our miners work, the less we get

FLASHBACK: In September 1999, in our story on page 8 headlined "Gold: Deliberate Destruction", written by our assistant editor, Regina Jere Malanda, we reported:

"Plans by Western nations and the IMF to sell their gold reserves and use the proceeds to fund debt relief for poorer countries are mired in curious mendacity. By selling their gold and causing the collapse of the gold industry in Africa, the West is destroying - with impunity - the very African countries they claim to be helping.

New African Magazine - Mine all mine

Section:

Pusch Comey, the prodigal son, returns home with one of the biggest stories of the year he forgot to report - GATAs all revealing gold summit in Durban on 10 May. It is worth every ounce in gold.

Fairtrade?: the fate of gold is in the balance as Western governments and finance houses manipulate the market

Things are happening to Africans that Africans don't understand. The economy suffers without explanation. There are constant layoffs of mine workers in Africa with tremendous consequences - economic turmoil in towns, villages and families. The spin off is crime, poverty, despair, and disease, which are all blamed on a "hopeless continent" that cannot take care of itself.

Photo: GATA Chairman Bill Murphy and Durban Roodeport Deep CEO Mark Wellesley-Wood

Section:


GATA Chairman Bill Murphy, left, and Durban Roodeport
Deep CEO Mark Wellesley-Wood inspect the 30
1-ounce South African Krugerrand gold coins presented
by Durban as a contribution to GATA at the New Orleans
Investment Conference on November 29, 2001.

New Orleans Address - Gata versus The Gold Cartel - Bill Murphy

Section:

Hello everyone. I would like to extend a special greeting to those Gold Anti-Trust Action Committee supporters who have come from all over the world to attend this conference.

Two years ago from this very podium, I presented evidence the gold market was manipulated by a cartel of bullion banks. Since then, GATA has secured massive amounts of additional evidence that confirms our original assessment.

Syndicate content