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Legal analysis of BIS plan to expropriate private shareholders

Section: Daily Dispatches

By Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
Saturday, November 4, 2000

Quietly behind the scenes with GATA's support, Reg Howe
works on his action against the Bank for International

The gold cabal declared war on gold years ago. GATA
will declare the time, form, and place of our
counterattack, striking when Reg is ready.

It is time for the pro-gold world to respond to the
affronts that gold's enemies have committed.

There have been many good ideas about what
countermeasures to take. But they count only if put
into action. This is why acting against the BIS is

It is the opening that we have been waiting for, as we
can go into discovery issues with the bullion dealers,
the BIS, and the U.S. government. These issues ought to
generate publicity, making it much harder for the
mainstream press to shut out GATA and our evidence of
gold market manipulation.

More important is that we have a complainant who has
legal standing, acting won't cost more than we can
muster, and there is a time constraint for the BIS to
deal with us. That will prevent the BIS from dragging
this confrontation out into the distant future.

Many of you grasped the significance of what can happen
here and have already responded with financial support.
We cannot thank you enough.

We hope some gold producers will do the same. Many of
them contribute to the $33 million annual budget of the
World Gold Council, and what has it got them? A price
of $264 gold at the end of the year 2000. Really

Whom has this helped? Jessica Cross or the bullion
dealer apologist Gold Field Mineral Services? The
bullion dealers themselves?

Oh yes, the World Gold Council promotes jewelry demand.
Who loves $264 gold? The jewelry manufacturers --
that's who! Might as well call it the World Jewelry

Contributions by producers to GATA in support of Reg
Howe's effort will be handled discreetly, if any
producer so desires. Isn't it worth it to producers to
get behind this mission with some financial support to
determine if GATA is correct?

Shareholders who have lost substantial money and sold
out as a result of the gold market fraud are going to
go to the CEOs and boards of directors in time to ask
them what they knew and did about the gold market
collusion. They will want to know how they responded to
the evidence that GATA presented them.

GATA's Gold Derivative Banking Crisis report, which was
given to the Bundesbank and Congress, was also sent to
the CEOs of the major gold companies.

At least if they contribute to this effort to expose
the gold cartel, producers will be able to respond that
they helped find out the truth. This should help shield
them from negligence and non-disclosure charges that
many gold producers are going to face in the future.

If you are a gold share investor and sick of losing
money, we hope you will help out. An alternative would
be to contact your gold company (large or small) and
ask it to help. The time to move is now.

Here's how GATA accepts financial contributions:

By mail:

Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, Conn. 06043-7541

By bank wire:

Gold Anti-Trust Action Committee Inc.
c/o Savings Bank of Manchester
923 Main St., Manchester, CT 06040
Bank routing number 211-170-185
For Account No. 9500-574-053

This is going to happen.