A letter from Johannesburg from GATA Chairman Bill Murphy

Section:

11:44p ET Thursday, February 8, 2001

Dear Friend of GATA and Gold:

Congratulations to our friends and supporters
at www.Gold-Eagle.com and to the proprietors,
Messrs. Vronsky and Westerman, on the occasion
of that Internet site's reporting this week its
24 millionth visitor.

Despite the suppression of the gold price, there
is clearly growing interest in Gold-Eagle and
other gold-oriented Internet sites. People are
realizing that something is not quite right in
the world of paper money. We at GATA aim to help
them to understand what's wrong.

CHRIS POWELL, Secretary/Treasurer