December 19, 2000 Dear GATA: As an educational technologist and small gold investor with all of his Canadian Registered Retirement Savings Plan money invested in a supposedly safe ScotiaFunds Precious Metals fund since 1993, I have lost more than 65 percent of my investment savings in that time, amounting to more than $CAN45,000. I have felt ashamed and depressed over this terrible investment decision. It has been painful to watch all other investments, including cash, make gains while gold fell even when traditional triggers of rallies failed to move gold and gold mining shares. Now I learn that I have been cheated by major figures in international finance and highly respected members of the investment community. Probably they are the same con artists who talked up and manipulated the technology stocks to sky-high levels knowing full well that the fundamentals made no sense. I cannot afford (because I am between jobs) to make a donation to the legal fund to expose the infamy of the institutions and individuals behind this criminal deception, but as one of the people affected by this scandal, I am looking for retribution in the form of compensation for the pain and suffering and material loss that has devastated my finances and shaken my confidence in all investments. It seems that only powerful insiders who cheat can be sure of the wisdom of their investments. All others are at the mercy of these crooks. No amount of historical data or investigation can overcome the power of greedy crooks who manipulate markets for their own benefit and do not think of the small guys such as myself who are the victims of their sick games. I want and need the compensation that must be paid to set a precedent in this very important case so that it will never happen again. This case shakes the foundations of world financial security and should be given the attention it deserves -- not the kind of non- reportage on the business channels such as CNN and CNBC, which also have played their part in misguiding investors on gold investment and have ignored this story altogether. Thank for waging this important battle. G.G., Ontario, Canada * * * 9:32p EDT Tuesday, December 19, 2000 Dear Friend: Thanks for your note. Let me offer you a little encouragement. 1) I don't think you should feel embarrassed about your investment decision. You are not alone, and, if we're right about what is happening with the suppression of the gold price, we WERE right about the fundamental reasons in favor of investing in gold, and we are showing a loss only because we have been cheated. 2) Nothing can be produced indefinitely below its cost of production, as is the situation with gold now. It's unlikely that things can get much worse, very likely that they will get better. Might as well stick with it. 3) Don't sulk -- take action. Help us. Many people on our side can't afford a financial contribution right now. That's OK. But we all can join the clamor, writing to our elected representatives, other government officials, mining companies, and news organizations, seeking redress and publicity and spreading word of Reg Howe's lawsuit. We're gaining. Cheer up! With good wishes. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. -END- -------------------------- eGroups Sponsor -------------------------~-~> <FONT COLOR="#000099">eGroups eLerts It's Easy. It's Fun. Best of All, it's Free! </FONT><A HREF="http://click.egroups.com/1/9698/0/_/126/_/977281054/"><B>Click Here!</B></A> ---------------------------------------------------------------------_->
