2:20p ET Friday, October 10, 2025
Dear Friend of GATA and Gold:
Someone who has written excellent commentaries on financial markets, some of which have been cited by GATA, and who only recently came upon GATA's documentation file and summary of the gold price suppression policy of the U.S. government and its allies --
https://www.gata.org/taxonomy/term/21 [1]
https://www.gata.org/node/20925 [2]
-- today expressed astonishment to your secretary/treasurer.
GATA, he wrote, is why "I am not going to try to fight City Hall and expose them. If you could not do it with all the amazing work and effort, there is no stopping these bad actors."
He is mistaken and shouldn't be discouraged.
... Dispatch continues below ...
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For gold would not be at almost $4,000 per ounce without widespread knowledge of the information GATA has been disseminating for 26 years -- information that has reached not only retail investors but, more importantly, institutional investors and central banks.
For example:
https://www.gata.org/node/11723 [5]
Besides, gold -- that is, free and transparent markets, democratic and limited government, and fair dealing among the nations -- is winning.
When GATA was established the price of gold was below $300 and nearly all major central banks were either participating in Western gold price suppression policy -- assisting it with gold sales, leases, swaps, and naked shorting with futures -- or ignorant of it. Today the central bank coalition has broken up, central bank purchases outnumber sales by perhaps 100 tonnes to 1, central bank gold swaps have crashed 99% in four years --
https://www.gata.org/node/23855 [6]
-- and there is frequent speculation about an upward revaluation of gold, even among central banks themselves.
Of course recent geopolitical turmoil has heavily influenced central bank policy toward gold. But it wouldn't influence their policy at all if central banks now did not more fully understand that gold always has been and remains the most powerful and trustworthy money, money without counterparty risk and money that is harder to inflate than government's own money.
After all, gold's obvious superiority as "sound money" and the guardian of individual liberty and national sovereignty is precisely why Western governments and particularly the U.S. government have intervened against it so ruthlessly for 60 years. The reason for this ruthlessness is provided explicitly by the U.S. State Department here:
https://www.gata.org/node/13310 [7]
The Bank for International Settlements says gold market rigging is a primary purpose of central bank cooperation --
https://www.gata.org/node/4279 [8]
-- and the bank actually advertises its gold market-rigging services to potential central bank members:
https://www.gata.org/node/11012 [9]
This information has gotten around. Without this information the gold price would still be below $300 and so many central banks would not have changed their policy toward the monetary metal.
Yes, GATA has made little progress with mainstream financial news organizations in the West, since most of them are controlled by the banking industry, which in turn is heavily influenced by government. But anyone seriously following the gold market knows about gold market manipulation by now, and that knowledge is power.
These days those who would keep suppressing the gold price are weak, not strong, and there needs to be no fear in fighting "City Hall." Those who are still trying to keep gold down are the ones who are afraid. They're losing and they can't come out in the open to defend themselves. And so, dear friends, don't be afraid. We're winning.
Say not the struggle nought availeth,
The labor and the wounds are vain,
The enemy faints not, nor faileth,
And as things have been they remain.
If hopes were dupes, fears may be liars;
It may be, in yon smoke concealed,
Your comrades chase e'en now the fliers,
And, but for you, possess the field.
For while the tired waves, vainly breaking
Seem here no painful inch to gain,
Far back through creeks and inlets making,
Comes silent, flooding in, the main.
And not by eastern windows only,
When daylight comes, comes in the light.
In front the sun climbs slow, how slowly,
But westward, look, the land is bright.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [10]
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Sunday-Wednesday, November 2-5, 2025
https://neworleansconference.com/gata/ [11]
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
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http://www.gata.org [13]
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http://www.gata.org/node/16 [14]
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https://www.gata.org/sites/default/files/GATA-silver-round-front.png [15]
