Encouraging report about Denver gold conference

Section:

5:38p ET Saturday, September 29, 2001

Dear Friend of GATA and Gold:

What may be the most important news story of the
week is posted at TheMiningWeb.com, wherein Tim
Wood reports that the World Gold Council has begun
to pay attention to gold as money and in a way
that may expose the International Monetary Fund
as the device by which gold is being suppressed
by the central banks of the industrial world.

Here's the introduction of the story:

"PRINCETON, N.J. -- Excoriated by many gold bugs
for wasting time on jewellery demand rather than
gold's monetary impact, the World Gold Council
today (Thursday) offered a fine rebuttal. At a
Washington, D.C. luncheon hosted by the WGC,
regulatory affairs manager Dick Ware suggested
that the International Monetary Fund amend its
articles to allow countries to peg to gold. Price
targeting is the monetary policy of choice for
supply side economists, most of whom prefer on
gold as the most reliable commodity for historical
reasons."

You can find the full story here:

http://www.mips1.net/mgdg1.nsf/Current/85256AD3005A225285256AD4006F2A9
A?OpenDocument&ByLine=Tim+Wood

If that link doesn't work for you, go to the
MiningWeb's home page:

http://www.theminingweb.com

The story is headlined "WGC makes supply side
case for gold," and, at this hour, is the fourth
headline from the top.

CHRIS POWELL, Secretary/Treasurer