No, GATA hasn''t gone Communist or anti-American

Wednesday, March 13, 2002

Dear Friend of GATA and Gold:

It is my pleasure to announce one of the most
significant developments since GATA's
inception a little more than three years ago.

Samex Mining of Vancouver, Canada, an
outspoken supporter of GATA, has offered to
sponsor the translation and hosting of GATA's
Internet site, www.GATA.org, in Chinese. The
site will look exactly the same as our
English site except for the language. At
least one article from each of the GATA
site's sections in the site will be
translated from English into Chinese for the
Chinese site.

Important news and articles related to GATA
will be translated into Chinese, as will be
relevant commentary from
www.LeMetropoleCafe.com.

Some of the material to be translated
includes:

-- The supply/demand analysis of Frank
Veneroso that was presented at the GATA
African Gold Summit.

-- U.S. Rep. Ron Paul's statement in Congress
announcing his legislation to subject the
gold dealing of the Exchange Stabilization
Fund to congressional approval.

-- My presentation at the GATA African Gold
Summit.

-- The coverage given to GATA by C-SPAN.

Emphasis will be placed on the reasons for
Chinese investors to buy physical gold. That
can be accomplished by telling them about:

-- The 15,000-tonne short position of the
Western banks (loans and swaps).

-- The suppression of the gold price hundreds
of dollars below its equilibrium price.

-- Why and how the gold price has been
manipulated for seven years.

-- The extraordinary risk/reward ratio of
buying physical gold right now, a once-in-a-
lifetime opportunity.

-- The imminent end of the gold price fraud
and manipulation.

It gets better. In support of GATA, Samex
will sponsor the hosting of the Chinese
version of www.GATA.org through an investment
relations firm that is the largest Chinese
financial portal in North America. It has a
membership of more than 30,000 with a hit
rate of 7.5 million and 2.1 million page
views monthly on its own web site. It also
covers the mainstream Chinese news media:
newspapers, TV, and radio.

This is most important. As chairman of GATA,
I am sick and tired of dealing with the U.S.
financial press. All it has amounted to is a
bunch of wasted lunches, phone calls, faxes,
letters, and meetings. After three years of
being given one sensational revelation after
another, the U.S. media refuses to even
acknowledge GATA. They have not even
mentioned Reg Howe's lawsuit, which may be
one of the most important in U.S. history.

It is truly amazing and disgusting. The Wall
Street Journal, New York Times, Washington
Post, Barron's, Reuters, and Bloomberg have
not even printed the word quot;GATAquot; once in
three long years. Neither has GATA been
mentioned by the loudmouth conservative talk
show hosts like Bill O'Reilly and Rush
Limbaugh. No one knows that better than the
GATA Army, which has sent them and their
brethren many emails about what GATA has
uncovered.

They are all derelict for one simple reason.
The press in the United States will not take
on the big-money interests, which is the Gold
Cartel. We do not have a free press in
America. We have a bought press. There is no
other explanation. Not even the Enron
revelations can shake them from their
negligence. For that matter, that is just the
reason why an Enron can occur and hurt so
many innocent people. Enron went unchallenged
by the press and the indebted politicians.
The couple of energy analyts who dared speak
out against Enron were fired!

To heck with them. If GATA has to go to
Beijing to get the truth about gold known,
that is where we will go. In a way, we have a
story within a story here. How ironic to have
the gold scandal break in the Communist press
because the free press in the West refuses to
print it.

I can't wait to send the Wall Street Journal
a GATA press release in Chinese and tell them
to have it translated if they want to know
what we have to say.

How about a cheer for Samex's Jeff Dahl and
his ingenuity? His firm will be the most
well-known gold company in the Chinese
investment community. Barrick who? What's an
AngloGold?

This is going to be fun. I have been to Hong
Kong and Singapore and met with gold traders
over there. The Chinese are punters and they
love to trade gold. Wait until the Chinese
investing world gets wind of the real gold
story. If GATA can get the right press, I
will go back to those countries, or to Taiwan
and Mainland China, to get the gold truth
out.

Perhaps we can help to create a gold-buying
frenzy in the Chinese-speaking world that
will surpass the one developing in Japan.

GATA is most grateful to Samex.

BILL MURPHY, Chairman
Gold Anti-Trust Action Committee Inc.