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Contact: Bill Murphy, 214-522-3411 Email: LePatron@LeMetropoleCafe.com -

RYE, NEW HAMPSHIRE, U.S.A., Monday, Jan. 25, 1999 -- An international committee has been formed to prepare an antitrust lawsuit against Wall Street investment houses and Federal Reserve officials it accuses of conspiring to suppress the price of gold.

The committee, Gold Anti-Trust Action (GATA), will solicit support from mining companies, their shareholders, political figures, and people with a philosophical interest in sustaining gold's traditional monetary function, according to the committee's chairman, Bill Murphy.

Bob Prange writes:
GOLD IS MONEY

Nearly all of my investment capital is now devoted to gold equities and
some physical. I have taken this road of greater risk because I believe
that gold is, first and foremost, money; that gold is, or should and
will be, a medium of exchange, a store of value, and a unit of account.

To my mind, the primary focus of the GATA movement must first force this

BILL MURPHY "Verrry GOOOD" ON TELEVISION FOR GATA

The Moderator Reports:
Sitting here in Sweden, I was not able to see the CNBC TV interview with gata
chairperson Bill Murphy in the U.S. yesterday. I have got the message though
that he came across just right for GATA. Seventy million people saw/heard Bill,
our David, show himself quite ready for the coming contest with Wall Street's

Background Information on Boudewijn Wegerif
Vice Chairperson, Gold Anti-Trust Action (GATA)

Boudewijn Wegerif was born in Holland in 1936 and brought up in South Africa. He
is now a British citizen living in Sweden.

Wegerif was controlling director of a subsidiary publishing company and managing
editor of industrial-economic publications for South African Associated
Newspapers, now Independent News, before being banished from South Africa in

BACKGROUND ON THE COLLUSION OF WALL STREET INVESTMENT HOUSES AND FEDERAL RESERVE
BOARD OFFICIALS
By Boudewijn Wegerif

Today's financial establishment and its empty-headed lackeys insist that gold
carries no weight in today's digitized world. Gold is dismissed as just another
commodity, and one that we can well do without now. Yet as the fiat (from the
Latin "let it be") dollars, yen, marks, and as of late ECUs rush around the

G O L D N E W S

European Central Bank board member, Sirkka Hamalainen said on Saturday:
"Gold's importance for central banks will likely fade in the long run,
but they must not rile jittery gold markets by unloading reserves." She
told a panel discussion at the World Economic Forum's annual meeting in
Davos that gold has played a vital role as a store of value over the

ANSWERING MY CRITICS
Boudewijn Wegerif

I am known as a monetary reformer. Now that I have come out for gold
with the Gold Anti-Trust ActionGATAI am taking flack.

"He who has the most gold winsi.e. controls the world and market place,
not to mention human lives," one critic has written. "The hoarding and
dumping of gold, and the demonetization of silver caused practically all

THE GOLD BUG WHO FIGHTS BACK

Here is part of the StockHouse Interview (www.stockhouse.com) with Bill
Murphy, Chairman of the Gold Anti-Trust Action (GATA) last Thursday, 27
January.

THIS IS HOW STOCKHOUSE INTRODUCED THE INTERVIEW WITH BILL

Bill Murphy and a small group organized GATA in response to what they
believe are recent admissions by major Wall Street investment houses and
U.S.Federal Reserve officials. GATA believes Wall Street and the Fed

MESSAGE FROM JOHN MEYER
GATA Treasurer

To Bill Don Quixote Murphy and my new Cyberspace Musketeers BW and CP, I send
to you a hearty - HELLO. I report for duty ready to assume any role deemed
appropriate. Well, Murphy you did it. Its hard to believe the rush of events
since you published Scandale January 20. The events are not an accident, just
as the gold markets behavior is no accident. It took you CP to pickup the

A BACKGROUND POSITION PAPER TO ESTABLISH THE MOTIVATION FOR THE GREATEST
FINANCIAL SCANDAL OF OUR TIME
John Meyer, GATA's Treasurer

The destruction of our monetary system is one of the most overlooked and
misunderstood yet important issue facing the world.

The Bubble.com mania of our financial markets is the result of a
monetary system, which is anchored to an irredeemable dollar, as the