GATA

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The Gold Anti-Trust Action Committee (GATA)
Founded 1999
Web site www.GATA.org

The Gold Anti-Trust Action Committee (GATA) is a tax-exempt educational and civil rights organization whose mission is to expose and oppose perceived collusion to control the price and supply of gold and related financial instruments. The committee was inspired by essays written by Bill Murphy, a financial commentator at LeMetropoleCafe.com, and by Chris Powell, a newspaper editor in Connecticut. [1]

History[edit]

GATA underwrote the federal anti-trust lawsuit of its consultant, Reginald H. Howe -- Howe vs. Bank for International Settlements et al. -- which was pursued in U.S. District Court in Boston from 2000 to 2002. The Howe suit was dismissed on a jurisdictional technicality, but it became the model for another anti-trust lawsuit brought by Blanchard Coin and Bullion the following year against Barrick Gold and J.P. Morgan Chase & Co.

GATA sued the U.S. Federal Reserve in U.S. District Court in December 2009, seeking access under the U.S. Freedom of Information Act to the Federal Reserve's gold-related records, in particular those related to gold swap arrangement with foreign banks. In February 2011 the court ruled that most of the Fed's gold records could remain secret but that one had to be disclosed: minutes of the April 1997 meeting of the G-10 Committee on Gold and Foreign Exchange. According to GATA's web site, the minutes released by the Fed showed G-10 member treasury and central bank officials secretly discussing the coordination of their policies toward the gold market. The court ordered the Fed to pay court costs to GATA. [2]

Products and Services[edit]

Membership[edit]

Key People[edit]

References[edit]

  1. About GATA. GATA.
  2. About GATA. GATA.