Dollar bears ready for a golden day


12:04a ET Friday, May 31, 2002

Dear Friend of GATA and Gold:

Tim Wood of asks, as GATA
supporters well may, what GATA plans to do with
the generous contribution of $70,000 announced
Thursday by Afrikander Lease. For a little comic
relief from this week's excitement in the gold
world, I'll offer a "top 10" list of possible
uses of the money, in the style of CBS
television's late-night talk-show host, David

* * *

The top 10 things on which GATA could spend its
$70,000 contribution from Afrikander Lease:

10) If U.S. Treasury Department accepts, underwrite
a public audit of the gold at Fort Knox, Kentucky.

9) A leveraged buyout of the World Gold Council.

8) Buy a bankrupt dot-com and turn it into a mining

7) Punctuation for Bill Murphy's "Midas"

6) Reg Howe's 39th birthday party.

5) A downpayment on the new 25-story GATA
World Headquarters building next door to the Bank
for International Settlements in Basel,

4) Bribe a Wall Street Journal reporter to mention
GATA in a news story. The Journal can call us "ATA"
if even money can't bring them to mention gold.

3) A reward to the first country that resigns from
the International Monetary Fund.

2) A really low-ball bid at the Bank of England's
next gold auction. If Gordon Brown and Eddie George
are still in charge, we just might end up with a few

And the No. 1 way GATA could spend that $70,000
contribution from Afrikander Lease:

1) A night with the models in the World Gold
Council's latest idiotic jewelry advertising
campaign. It's about time those babes did
something for the gold cause!

* * *

But seriously, folks....

GATA fully appreciates the generosity and trust of
the people at Afrikander Lease, and the generosity
and trust of all its donors and supporters. Our
commitment to gold's liberation is a matter of
record by now.

For starters we'll be sending GATA Chairman Bill
Murphy and other GATA members to conferences
around the world, like last week's mining analysts
conference in London, to spread the word about
what has been done to gold and how it might be
stopped. Of course we may bring more litigation.

But at the suggestion of certain friends, and with
growing recognition in mining industry and financial
circles that we have been right about gold and its
enemies, we are beginning to contemplate a somewhat
larger franchise that might be undertaken if more of
the industry ever resolved to stand up for itself.
Some stray thoughts along these lines were set out
in our dispatch of May 13, "Whither the World Gold
Council," which, if you missed it, can be found

Of course we'll keep everyone advised of
developments, and, in everything we do, we'll be
working to make things happen for gold.

Once again our deepest and most astonished
thanks go to our friends at Afrikander Lease.

CHRIS POWELL, Secretary/Treasurer