An open letter from GATA to New York Attorney General Eliot Spitzer
By: Gold Anti-Trust Action Committee
GOLD ANTI-TRUST ACTION COMMITTEE
Eliot Spitzer, Attorney General State of New York 120 Broadway Avenue New York, NY 10271
February 19, 2004
Dear Attorney General Spitzer:
I have enclosed a beautiful silver eagle coin in this express mail delivery in an effort to get your attention regarding the manipulation of the silver market. What you do or don't do in the weeks and months ahead could have enormous impact on the financial markets and politics alike.
As I am chairman of the Gold Anti-Trust Action Committee, I know you have received more than a thousand e-mails and letters from outraged investors all over the world on this serious matter. By 2006 the manipulation of the gold and silver markets will have been exposed and acknowledged. By then the price of silver will have gone from the current $6.65 to perhaps $40 per ounce. Gold ought to be above $800 by at that time. The ramifications of the price rigging of silver and gold are going to be significant for U.S. financial markets.
The suppression of the prices of gold and silver is hiding systemic financial problems from American investors. Soon the cabal that is suppressing gold and silver prices won't be able to keep those prices down any more. Then the stock and bond markets will be affected. In my opinion the stock market is going to be hit very hard, and unsuspecting investors will suffer terrible loses in their retirement funds. They are going to want to know what happened and why.
If you at least look into this matter before there is a price explosion, you will be recognized as a public official who did what he could to stick up for ordinary investors, a man who was unafraid to delve into the wrongdoing of powerful people.
Gold and silver are my business. I have reliable information interests in China who tell me they have already tied up about 75 percent of likely world silver production for 2005. If my information is correct, it is only a matter of time before there is trouble in silver. Gold will follow. Financial market derivatives problems could be catastrophic.
From the many letters you have received, you must know about Ted Butler by now. I hope you will meet him to learn how you can quickly get to the bottom of this matter.
Best regards,
Bill Murphy, Chairman Gold Anti-Trust Action Committee
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