You are here

Wall Street Journal fails to explain why gold can't be allowed to be itself

Section: Daily Dispatches

11:37p ICT Sunday, May 12, 2024

Dear Friend of GATA and Gold:

You might get a rueful laugh from a report in yesterday's Wall Street Journal that was headlined "Inside the 21st-Century Gold Rush" and appears in the clear at here:

The report says: "Worries about war, discord, and mounting government debt have fueled a worldwide rush by individuals and institutions into what Wall Street calls 'physical gold' -- bars, coins, jewelry, and nuggets."

... Dispatch continues below ...


Buy, Sell, or Store Precious Metals with Money Metals Exchange

Money Metals Exchange, a national bullion dealer recently named "Best Overall" by --

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

-- or by calling 1-800-800-1865.

Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:

Ordinary people might wonder why gold needed any adjective, much less "physical." But the Journal presumes that the primary manifestation of the metal in the financial markets isn't "physical" at all but something else -- what might be called "derivative gold," gold that is merely imaginary and is used to divert investors from the real thing, the better for certain governments, central banks, and bullion banks to manipulate the gold market.

Of course the Journal's presumption is correct, but its journalism here is faulty for failing to explain why -- for failing to explain why Western powers, particularly the United States, have needed to flood the markets with vast amounts of imaginary gold to defend their grotesquely inflated currencies against the oldest surviving form of money -- indeed, the once and future money.

Why won't the Journal explain why gold needs an adjective? It's because the financial world the Journal purports to cover might be overthrown if people understood why those in charge can't let gold just be itself.

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

* * *

Join GATA here:

Mining Investment Asia
Wednesday-Thursday, May 15-16, 2024
Marriott Tang Plaza Hotel, Singapore

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

Buyers can compose their case by choosing as many as four varietals from the list here:

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: