Lawsuits Continue To Pursue Summers After Leaving D.C. - Crimson Online


Lawsuits Continue To Pursue Summers After Leaving D.C.

Crimson Staff Writer

Currency bearing University President Lawrence H. Summers' signature isn't the only lingering reminder of his time as Treasury Secretary. This week, a U.S. District Court judge in Boston scheduled an October 9 hearing on a motion to dismiss a lawsuit that names Summers as a defendant.

The suit is fallout from Summers' time as a public official—and only one of many suits targeting him.

GATA Says Much of U.S. Gold Reserve is Encumbered - CBS MarketWatch


DALLAS, Aug 15, 2001 (BUSINESS WIRE) -- "Hard as it is to fathom, it appears that much of America's gold is essentially gone or in severe jeopardy," says Gold Anti-Trust Action Committee Chairman Bill Murphy.

Murphy points to an astonishing discovery by GATA consultant James Turk in his new essay, The Mystery of the Disappearing SDR Certificates, published at the GATA Internet site, An SDR, which is acronym for Special Drawing Rights a.k.a. 'paper gold,' is a monetary instrument issued by the International Monetary Fund, representing special drawing rights for one 35th of an ounce of gold.

Federal Reserve lawyer can't remember talking about gold swaps

Section: |

11:38p ET Sunday, July 22, 2001

Dear Friend of GATA and Gold:

Our letter-writing campaign to Congress has gotten some
interesting results -- another letter of explanation from
Federal Reserve Chairman Alan Greenspan and, more
interesting still, a memorandum from one of the Fed's
top lawyers asserting that he can't remember anything

Top Fed Lawyer Says '95 FOMC Transcript Misquoted Him. - By Joseph Rebello - Dow Jones Newswires


A top lawyer at the Federal Reserve has disavowed remarks attributed to him about the U.S. Treasury's use of gold swaps in foreign economic bailouts and currency-stabilization efforts, saying he was misquoted by the central bank's transcribers.

Virgil Mattingly, general counsel to the Federal Open Market Committee, wrote Fed Chairman Alan Greenspan last month that he couldn't recall making the remarks attributed to him in transcripts of a January 1995 FOMC meeting. Those remarks were seized upon by the Gold Anti-Trust Action Committee, a private group that contends the Fed and the Treasury secretly have been selling gold to suppress prices.

Italian Gold Coverage - Borsa & Finanza, Italy


Italian magazine article warns of
gold price manipulation

From Borsa & Finanza, Italy
May 2001

The U.S. Treasury is accused of manipulating the free
market. Risks for the international bourses.

By Guido Bellosta

A trial that starts in Boston affects the interest of
hundreds of thousand of savers, financiers, and miners.
On the bench is the Treasury Department of the United

Fury over the great gold sale - Daily Mail


by Alex Brummer, City Editor, Daily Mail

THE GOVERNMENT plans to press ahead and complete its
sale of 60% of Britain's gold reserves by the end of
the year despite demands from senior Tories that the
auction be halted.

The price of bullion soared to around £204 an ounce
($300) on global markets this week because investors tend to
turn to gold at times of turbulence in the world
economy, seeing it as a hedge against future inflation.

GATA's Conspiracy Theory - Business Day



THEY are the $289 Club; power brokers who held the gold price to exactly $289/oz on the last trading days of 1997, 1998 and 1999.

So says the Gold Anti-Trust Action Committee (Gata). (For the record, according to the London Bullion Market Association, the prices were $289, $287 and $290 respectively).

For some, Gata members are heroes, fighting for a genuine cause —freeing the gold price from alleged manipulation. For others, they are a bunch of lunatics — entertaining, but lunatics nevertheless.

US Conspiracy Keeps Gold Price Low - Kwana News


South Africa has lost billions because of price rigging

Hilda Grobler

There is an international conspiracy to keep the price of gold below its equilibrium price. At present gold sells at $267,l0 (R2136,80) a troy ounce when it should, in fact, sell at around 5600,00 (R4 800). And they have the proof to back up this claim, said Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), at a summit in Durban this week.

Central Banks Under Suspicion - Business Report


BULLION central banks under suspicion
Gold antitrust guru seeks African countries' support


Durban - Africa's gold producing countries were urged yesterday to back plans to get top bullion banks and US Federal Reserve chairman Alan Greenspan into the witness stand of a US court, to answer claims of gold price manipulation.

Audacious Quest for Gold - Daily News, Durban, S.A.



A quixotic group of Americans is in Durban alleging a financial conspiracy it says is blighting the economies of gold producing countries, writes Des Parker.

The Gold Anti Trust Action committee hit town this week for the second time in 2001, alleging a widespread campaign to suppress "evidence" of a campaign to depress the gold price and promising bullion will soon bounce back.