By Bill Murphy, Chairman Gold Anti-Trust Action Committee Inc. April 23, 2001 Thanks to so many of you who have been sending the GATA press release on Business Wire to members of the press, gold companies, etc. We are really gaining ground here. For those of you who are stick and tired of what the Gold Cartel is doing to you and who have not helped out yet, please help yourself by getting this incredible news out there. For credibility purposes, you might want to direct people to the CNN coverage at: http://cnniw.yellowbrix.com/pages/cnniw/Story.nsp? story_id=20141035&ID=cnniw&scategory=Metals+%26+Minerals%3APrecious We should target the White House press corps. All it is going to take is for one of them to ask President Bush or Treasury Secretary O'Neill the following: -- Is the Treasury or Exchange Stabilization Fund involved in gold swaps with any foreign central banks? Have there been any such swaps over the past seven years? -- Has the ESF, Treasury Department, or New York Fed conducted any kind of gold transactions with the Bundesbank in recent years? Something like that. The same goes for the German press -- to put similar questions to the Bundesbank. It is time to turn on the heat! When these questions start being asked in public, it will open up Pandora's Box. When the investment community realizes that gold demand has been 5,000 to 11,000 tonnes greater than the gold industry is telling you and that this amount of gold has been lent from central banks (most of which they cannot get back), the gold price will go bonkers. >From Chris Powell: "The news story section on the cover page at www.Kitco.com right now has a headline and link to our press release of today, connecting to the CNN site." >From GATA supporter Ralph Kutza in Germany: "Most probably you got some answers from other German- speaking guys hours before mine. Nevertheless here comes my opinion, though I'm no professional economist. "You mentioned several Bundesbank web pages. "The one describing 'Auslandspositionen ... Gold und Goldforderungen' means exactly what you supposed it to mean. "Furthermore, doing some really simple math results indeed in what obviously seems to be BuBa-published proof for the fact that no more official gold is left on German soil. "One other page.... 'Auslandsposition Bestand Gold' is however not quite clear, though your translation is correct. The jump of 25 percent might be explained by plans of former Finance Minister Theo Waigel (on duty until autumn 1998), who planned some 'dirty' tricks on the BuBa gold some years earlier. I have to admit that at that time my interest in gold wasn�t alive yet. So I can't exactly remember what exactly went on then. As far as I can remember, there was a huge outcry from the German public about Waigel's gold plans, but a certain kind of reaccounting on the gold was carried out nevertheless. Perhaps this reaccounting came into force at the end of 1998, just before the Euro currencies were fixed. This might be an explanation for the 25-percent jump. "With the beginning of 1999 the German BuBa gold became ECB gold. If things go ugly for GATA, the above-stated fact of the 100 percentgold (and receivables) 'abroad' will be explained that way by some officials. This possible strategy might easily be proven wrong if (a big IF) the time row begins before December 1998. (I cannot reopen and check it myself. Sorry. See below). �� "I was not able to open or download the BuBa pdf file you mentioned. And since at some hours I cannot get the other pages any longer when trying to reload them, is this only a problem of my Internet access, did the Buba shut down its browsers, or is there a denial of service attack running from interested circles? I don't know unfortunately. All three possibilities seem equally realistic. "On a few Internet gold boards in Germany there are engaged discussions about the question whether any official gold reserves are left in Germany. I got the impression that a small majority of the disputants believes the gold has gone totally, or, to express it more exactly, that most of it has never been stored in Germany. "Congratulations for your fine work." Thank YOU, Ralph. I will pass this on to Reg Howe and James Turk. -END- ------------------------ Yahoo! Groups Sponsor ---------------------~-~> <FONT COLOR="#000099">ClubMom is the first free organization dedicated to rewarding and celebrating Moms! Join today - it's free - and get your chance to win in our $5,000 Family Vacation Sweepstakes! </FONT><A HREF="http://us.click.yahoo.com/Cb4mCA/TFaCAA/tvCFAA/WyOVlB/TM";><B>Click Here!</B></A> ---------------------------------------------------------------------_-> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
