You are here
Another attempt to help The Wall Street Journal solve the supposed mystery of gold
7:42p ET Friday, November 6, 2020
Dear Friend of GATA and Gold:
Today's edition of The Wall Street Journal published another clueless report about what it called gold's failure to function as a safe haven amid financial turmoil.
... Dispatch continues below ...
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --
https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...
-- 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 --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
https://www.moneymetals.com/depository
Your secretary/treasurer replied to the reporter as shown below, not because of any expectation that actual journalism about gold will ever be undertaken by any mainstream financial news organization but because ... well, because it's your secretary/treasurer's job.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Will Horner, Reporter
The Wall Street Journal
New York, New York
Friday, November 6, 2020
Dear Mr. Horner:
Your report today, "Gold Hasn't Behaved Like a Haven Recently" --
https://www.wsj.com/articles/gold-hasnt-behaved-like-a-haven-recently-11...
-- might have been more illuminating if it had taken into account the daily intervention of central banks in the gold market.
My organization, the Gold Anti-Trust Action Committee Inc., has been documenting this intervention for 20 years. A summary of that intervention, including links to much documentation, can be found here:
A recent update can be found here:
A recent report on the record-high level of gold market intervention by the Bank for International Settlements is here:
What you pose as the mystery of gold's poor performance can be solved by putting a few critical questions to the BIS, Federal Reserve, Treasury Department, and Commodity Futures Trading Commission.
The Wall Street Journal very tentatively approached this issue via a report on its front page in 2017, with which I assisted the newspaper's reporter, Katy Burne:
But remarkably Burne never asked the Federal Reserve Bank of New York for comment about what it was being accused of. This may not have been her fault. Her editors may have directed her to violate the first rule of journalism. But the key questions seem to remain unasked of the government officials who know the answers.
I understand that you probably would not be allowed by your editors to get any closer to the gold story than Burne did. But I would be glad to provide more information to you if the Journal's policy on the gold question has changed.
At least I will be glad to have gotten on the record that all this documentation has been provided to the Journal once again.
With good wishes.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Join GATA here:
Mining Investment North America (Virtual)
Wednesday-Thursday, November 11-12, 2020
https://www.mininginvestmentnorthamerica.com/
* * *
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:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
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 bagman1236@aol.com.
* * *
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 --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
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:
