How government manipulates the gold price -- and how it worked Friday

Section:

9:29a ET Sunday, October 5, 2003

Dear Friend of GATA and Gold:

Jim Puplava interviews John Embry, president of Sprott
Asset Management in Toronto and manager of Sprott's
precious metals fund, and Stefan Spicer, CEO of Central
Fund of Canada, the gold and silver bullion fund, on
the latest edition of the "Financial Sense Newshour."

Embry endorses GATA's finding about the gold market
and makes two points likely to be of special interest
to gold bugs:

-- Central banks may become more a positive than a
negative for the gold price, since not much central bank
gold is left in the vaults of the banks that have been
lending it, and Asian central banks are likely already
buying gold quietly to hedge their huge and growing
reserves of devaluing U.S. dollars.

-- Because of globalization, gold is unlikely to be
outlawed, and outlawing gold in the United States
probably would only spur demand for it elsewhere.

You can listen to the interview here:

http://www.financialsense.com/Experts/roundtable/100403.htm

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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WHO HAVE SUPPORTED GATA
AND BEEN RECOMMENDED
BY OUR MEMBERS

Centennial Precious Metals
3033 East 1st Ave.
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www.USAGold.com
Michael Kosares, Proprietor
US (800) 869-5115
Canada 1-800-294-9462
European Union 00-800-2760-2760
Australia 0011-800-2760-2760
cpm@usagold.com

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Don Stott, Proprietor
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Greg Westgaard, Sales Manager
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178 West Service Road
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Fax: 518-298-3457
and
620 Cathcart, Suite 900
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P.O. Box 1045
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Ed Lee, Proprietor
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fax: 952-925-0143
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Pat Gorman, Proprietor
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Metalguys@aol.com

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15018 North Tatum Blvd.
Phoenix, Arizona 85032
http://www.buycoin.com
Dr. Fred I. Goldstein, Senior Broker
1-800-BUY-COIN
figoldstein@buycoin.com

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