Daily Dispatches

Where, The Mining Web asks, is gold''s Patton?


From the Financial Times
August 31, 2001

BIS banker speaks on gold:
Giacomo Panizzutti's estimates of central bank
gold lending implicitly contradict conspiracy theories


The question of how much gold has been lent out by
central banks -- an emotionally charged topic in some
circles -- has received its most authoritative answer
so far.

Giacomo Panizzutti, head of foreign exchange and gold

South African Reserve Bank admits gold swaps, says it has none on deposit


1:24a ET Wednesday, August 29, 2001

Dear Friend of GATA and Gold:

Tim Wood of www.theminingweb.com has joined the
Tocqueville Gold Fund's John Hathaway in concluding
that the gold market is probably being manipulated
by the U.S. government.

Wood writes of the "conspiracy theory" advanced by
GATA for the last three years:

"Hathaway is no longer flirting; he's hitched. The

Mining Web''s Tim Wood joins Tocqueville''s Hathaway on manipulation of gold


By Vincent Cook

Reg Howe is to be highly commended for
calling our attention to an academic paper
co-authored by former Treasury Secretary
Lawrence Summers concerning a positive
correlation between wholesale price levels
and interest rates that existed under the
classical gold standard (also known as
"Gibson's paradox").

It should be noted that the paradox depends
on a couple of crucial assumptions about the

Greenspan was wary of Treasury ''initiatives'' in 1995


By Joe van Zyl
Bedfordview, South Africa

As a shareholder of the South African Reserve
Bank, I have directed questions to the bank in
respect of the bank's involvement in gold swaps
and collateral agreements, but the bank refused to
make any information available. I requested Peter
George to have questions in Parliament directed to
the minister of finance, Trevor Manuel. Manuel is

$25 donation to GATA wins free copy of "Rediscovering Gold" from Swiss America



"Gold as Theatre" by Tocqueville's Hathaway
Bolsters GATA's Credibility

DALLAS (Business Wire, Aug. 27, 2001)-- Gold fund manager John
Hathaway has endorsed the findings of the Gold Anti-Trust Action
Committee (GATA) that the price of gold is being suppressed by the
U.S. government.

Hathaway's endorsement came in a press release dated August 23
and titled "Gold as Theater," posted at the Internet site of the

Summers'' academic paper missed inflationary potential of ''paper gold''


August 27, 2001

Dear Friend of GATA and Gold:

"Rediscovering Gold in the 21st Century: The Complete Guide
to the Next Gold Rush" is the only book in print that explains
the cause of the Gold Anti-Trust Action Committee in a
positive light.

Written by Craig R. Smith, CEO of Swiss America Trading
Corp. of Scottsdale, Ariz., and published just weeks ago by
IdeaFactory Press, this book is the perfect educational tool

GATA press release cites support from gold fund manager Hathaway


By John Waples
Sunday Times, London
August 26, 2001

Don't throw your gold trinkets away just yet.

As an investment, the metal may have been horribly out
of fashion for the past decade, but with world
economies continuing to slide, gold could be about to
stage a revival.

There are already signs that sentiment may be changing.

London Sunday Times columnist bullish on gold


9p ET Thursday, August 23, 2001

Dear Friend of GATA and Gold:

Thanks to the Tocqueville Fund people and
GATA supporter Jim Cole for the following
transcript of the interview yesterday with
John Hathaway on the Fox News program "Your
World with Neil Cavuto."

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

* * *

From the Fox News program
"Your World with Neil Cavuto"

Tocqueville''s Hathaway realizes that GATA has been right all along



By Bill Murphy
August 21, 2001

Gold $274.70 down $1.30
Silver $4.18 up 3 cents

"Washington, Aug. 21 (Bloomberg) -- Federal Reserve
policy makers lowered the benchmark U.S. interest rate
a quarter percentage point, the seventh cut this year,
and signaled another reduction is possible in coming

"Fed Chairman Alan Greenspan and his nine voting

Transcript of Hathaway interview with Fox News


8:14p ET Thursday, August 23, 2001

Dear Friend of GATA and Gold:

John Hathaway of the Tocqueville Gold Fund, probably as
respected a figure in the gold market as there is, has
come over fully to the GATA side with his latest essay,
"Gold As Theater," which appears below, though without
the charts it refers to, since they can't be reproduced
in this format.

All by itself Hathaway's essay may strike a huge blow

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