Discounts for GATA members, contributions for GATA

10:55p ET Thursday, March 22, 2001

Dear Friend of GATA and Gold:

Here's the text of the invitation to the GATA African
Gold Summit that is being mailed to gold mining
company executives and government mining ministry
officials. While attendance at the summit will be by
invitation only, we'll have plenty to tell about what
happens there.

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

* * *

The Gold-Anti Trust Action Committee cordially invites
you to attend the GATA African Gold Summit in Durban,
South Africa, on Thursday, May 10, 2001.

There will be a reception dinner on the eve of the
summit, Wednesday, May 9, at the Durban Hilton Hotel.

An array of speakers will present evidence that the
price of gold has been manipulated since 1994 by a
cartel of bullion banks and a faction of the United
States government. Gold has been held hundreds of
dollars below its natural equilibrium price. As a
result of this collusion, the economies of the
gold-producing countries of Africa have suffered
severely and unnecessarily.

At the conclusion of the summit, GATA will suggest
an action plan so that the delegates can see for
themselves that our assertions are correct. The
gold cartel will not be able to withstand this
scrutiny politically, as their manipulation will
be exposed to the world. Then the price of gold
will soar, resulting in much stronger economic
growth for Africa.

The program will be finalized in the weeks to
come, but it will include presentations by
Reginald H. Howe, Frank Veneroso, James Turk, and
Peter Hambro.

Howe will elaborate on the lawsuit he filed in U.S.
District Court in Boston on December 7, 2000,
against the Bank for International Settlements, U.S.
Federal Reserve Chairman Alan Greenspan, New York
Federal Reserve Bank President William J. McDonough,
J.P. Morgan amp; Co. Inc., Chase Manhattan Corp.,
Citigroup Inc., Goldman Sachs Group Inc., Deutsche
Bank AG, and the U.S. treasury secretary.

Veneroso will present evidence from the public domain
that clearly identifies a reckless and dangerous
central bank gold loan structure that far exceeds what
is generally understood in the gold industry.

The biographies of those who have committed to speak
at the summit are attached for your review.

A workshop environment will be encouraged so that
delegates' questions may be fully addressed.

We hope that you will be able to attend, as the outcome
of the summit may be historic.

Acceptances of attendance should be acknowledged to
Rhoda Fowler, GATA African Gold Summit coordinator in
Durban, South Africa, on telephone #43;27 #43;31 202 1831,
fax #43;27 #43;31 201 64 98 or email m-link@iafrica.com. Her
mobile number is 083 301 0064.

Sincerely,

William J. Murphy III, Chairman
Gold Anti-Trust Action Committee Inc.