Governments, Central Banks And Their Agents Still Very Much In Control

In 2021, the gold price fell 4 1/2% and the silver price fell 13 1/2%, even as inflation exploded around the world. This signified that…

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

Dear Friend of GATA and Gold:

For establishing the rigging of the gold market by governments and central banks, 2021 may have been GATA’s best year yet.

We produced an updated comprehensive summary of the history and components of gold price control policy —

— and our consultant Stuart Englert’s book, “Rigged: Exposing the Largest Financial Fraud in History” —

— sold several thousand copies.

Our consultant Robert Lambourne reviewed the monthly reports of the Bank for International Settlements and thus kept confirming the bank’s constant surreptitious interventions in the gold market on behalf of its central bank members. No one else in the world does this work:

We highlighted the panic expressed by the London Bullion Market Association and the World Gold Council about the imminent implementation of the “Basel 3” regulations about gold derivatives —

— and explained how governments and central banks could get around the new rules so they could keep rigging the gold market:

We repeatedly stressed the critical questions about gold market rigging that governments and central banks refuse to answer, refusals that are essentially confirmations of their market rigging:

GATA was ahead of most news organizations in publicizing the ever-growing number of fines imposed and settlements obtained for rigging the monetary metals markets. 

Throughout the year GATA Chairman Bill Murphy and your secretary/treasurer gave interviews to keep the gold price suppression issue alive. 

The market participants and touts who had been denying gold market manipulation without ever challenging the documentation GATA produced fell almost completely silent.

And after all this effort …  the gold price fell 4 1/2% and the silver price fell 13 1/2%, even as inflation exploded around the world.

This signified that governments, central banks, and their agents in the financial markets are still very much in control, even if their interventions are more brazen and obvious than ever.

For while GATA has been very successful in exposing these interventions, we have not had much success in making people care. Indeed, the success of gold market rigging by governments and central banks is essentially a matter of the refusal of 99.9% of the mining industry and mainstream financial news organizations to care. 

Of course they have their reasons. 

No industry is more vulnerable than the mining industry is to governments and the major banks that are formally government agents. Mining companies can’t operate without all sorts of government permissions, and since mining is the most capital-intensive business, no mining company can operate for long without the support of those major banks. 

The gold mining industry’s purported representative, the World Gold Council, is very much opposed to the interest of gold investors, as signified by its partnership with the LBMA this year in opposing the “Basel 3” regulations.

As for the mainstream financial news organizations, they are just as understandably the tools of their biggest advertisers — banks and financial service companies.

And while the gold price is a matter of the greatest geopolitical sensitivity and any nation with a substantial foreign exchange surplus could overthrow the gold price suppression scheme by exchanging government currencies for gold and removing it from the banking system in a big way, no nation has yet undertaken to do so — not even Russia and China, which have admitted their knowledge of the scheme. That is, all governments are cooperating with it, even governments whose central banks have recently announced gold purchases, and even governments of gold-producing countries, developing countries that are rich countries insisting on remaining poor.

From its beginning GATA has presumed that gold price suppression policy could not withstand scrutiny, which should be self-evident, since this policy long has been implemented mostly in secret. That is, even the people and institutions behind gold price suppression policy fear having to account for it. But with their control of both the mining industry and mainstream financial journalism these policy makers have managed to prevent scrutiny.

GATA aims to continue anyway, if not out of faith that, as the Bible says, “Ye shall know the truth, and the truth shall make you free” — after all, the Bible doesn’t say when you’ll be made free — then out of spite arising from the cheating, expropriation, and tyranny that gold market rigging represents.

Maybe our cause is futile, but maybe it isn’t, and in any case it occasionally requires some financial support. We have not asked for help in a long time and had not wanted to ask until we had some success to show for our efforts, as reflected in monetary metals prices. But as this is the season of giving, maybe our appeal will not be resented too much.

So if you endorse GATA’s work and have not supported us before, please consider doing it now by visiting the “How to Help” page at our internet site:

We’re sorry that we no longer can accept donations by credit card — the service was too expensive. 

We mean to acknowledge all donors, so if you send a check, please make another sort of donation by including an e-mail address, which will save us postage in thanking you.

With best wishes for a golden new year.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[email protected]

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here’s what the bottles look like:

Buyers can compose their case by choosing as many as four varietals from the list here:

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at: [email protected]

* * *

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 —

— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at [email protected].

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: