Likening GATA to terrorists, GFMS exec refuses debate


8a ET Tuesday, May 12, 2009

Dear Friend of GATA and Gold:

At the New York Hard Assets conference, MineWeb's Lawrence Williams reports a dismissive reference to GATA by the executive chairman of the GFMS metals market consultancy, Philip Klapwijk:

"In a Q-and-A session, in response to a question as to whether he would debate Bill Murphy of GATA on the latter's view that there is a global banking conspiracy to keep the gold price down, Klapwijk replied with a very definite 'NO!' He quoted Margaret Thatcher on the IRA in that he would not wish to give the GATA views the publicity that such a debate might generate."

Of course it is hard to imagine the Iron Lady selling Britain's gold reserves as her successor Gordon Brown did, nor fearing to defend her positions in open and honest debate in Parliament or elsewhere. But it is not hard to imagine Klapwijk and GFMS being on the payroll of financial institutions that are short gold, nor his needing to liken his opponents to terrorists so that his inability to review the facts of the gold price suppression scheme might be excused.

The MineWeb story is headlined "GFMS Warns of Extremely Negative Fundamentals for Gold, Silver" and you can find it here:

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

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