Press Releases, Essays, GATA in the Press
Archimedes was a famous mathematician whose theorems and philosophies became world-known. In his own time he gained a reputation few other mathematicians of this period achieved. He is considered by most historians of mathematics as one of the greatest mathematicians of all time. He discovered pi.
By Kelly Patricia O Meara
Royalty bows and curtsies, nations tremble and financial institutions begin to stammer when threatened by three words: "strong-dollar policy." For a phrase that has risen from the swamps of the dismal science only within the last decade, it nonetheless has taken on a kind of Godzilla status in the global economic community. And while the worlds of pundits, technocrats and economic seers have held their breath awaiting official support for such a "policy" by each successive administration, there are many who believe the phrase is nothing more than the federal equivalent of "Gesundheit!"
The time to buy gold is when blood is in the streets, Nathan Rotchild once said. With crashing equity markets, the WTC changed into Ground Zero and an army crossing the desert, those words seems to have a certain prophecy value. For the first time in 20 years, the price of gold increased by 35%. But gold investors (so called Gold bugs) aren’t satisfied yet. The WTC disaster and the Iraq war is only background noise. The price of gold should have been much higher already years ago they say, with or without war !
© 2003 by The Freemarket Gold & Money Report.
One of the statistics complied by the International Monetary Fund is the quantity of gold owned by the world's central banks. That weight is reported to be 32,291 tonnes of gold. Most people accept this number at face value and without questioning its accuracy. However, central banks actually own less gold.
In reality central banks own 32,291 tonnes of gold AND gold receivables. This distinction is important. From both a legal and an accounting point of view, gold in the vault is clearly very different from gold owed to you. The reason is that gold in the vault is much less risky than someone's promise to pay you gold.
America is earth's Eldorado. She came to be such because of ambitious men and women of drive and ability that knew no such word as fail, visionaries who were willing to gamble precious years of their lives today on a dream for tomorrow.
Throughout my life, I have encountered many of these men and women in America. They are always salient standouts from the bland establishment crowd, whether their field of endeavor is academics, business, the arts, law, or science. They think for themselves. They make truth their authority, while others make authority their truth. In their eyes, life is not meant for comfort and security. It is a crucible. It is meant for the pursuit of something noble, something enduring. Truth and its exposition are the goals that transcend all else. At the risk of simplification, this is what drives all change and progress throughout history -- this drive for the truth. It moves the entrepreneurs, the rebels, the contrarians of humankind.
By Kelly Patricia O Meara
Gold. It's been called a barbarous relic, and those who focus on its historic role as a standard of value frequently are labeled "lunatic fringe." Given the recent highs in the gold market, it looks like the crazies have been having a hell of a year. With the stock market taking its third yearly loss, gold returned nearly 30 percent to investors, moving from $255 an ounce to six-year highs of $380.
[Note: Presentation on Thursday, May 23, 2002, to a seminar at the Grocers Hall, London, organized by the Association of Mining Analysts and sponsored by Durban Roodepoort Deep on Prospects for Gold - A new era or more toil ahead?]
As indicated on the program, your chairman, Michael Coulson, has asked me to address: "The gold anti-trust action - the Boston court judgement and the road ahead." While I will speak to the assigned topic, my own title for this talk is Money in Court: Paving the Road to Ruin, and I will speak from the perspective of the American Constitution.
An Examination of Evidence Indicating Exchange Stabilization and Federal Reserve Gold Market Activity - Andrew HepburnSubmitted by Administrator on Tue, 2002-10-29 08:00. Section: Essays
The Gold Anti-Trust Action Committee (GATA) believes that the Exchange Stabilization Fund, under the authority of the President and Treasury Secretary has been used to surreptitiously manipulate the price of gold. The following report is an examination of pertinent evidence against the ESF, as well as information implicating the Federal Reserve in a scheme to artificially depress bullion prices. Accounting regulations devised by the International Monetary Fund are also scrutinized. The report draws mainly from government documents, previous GATA commentaries and other publicly available material. The only reasonable conclusion is that U.S. government denials of gold market activity are false.
DALLAS--(BUSINESS WIRE)--July 8, 2002--The Gold Anti-Trust Action Committee (GATA) urges House Representatives on the Financial Services Committee to join Congressmen Ron Paul (R-Texas) and John Larson (D-Conn.) as co-sponsors of the Monetary Reform and Accountability Act (H.R. 3732).
The bill simply requires the president and Treasury secretary to get the approval of Congress before intervening in the gold market.