We proved that, contrary to its many protests that it hardly has anything to do with gold, the Fed in fact has many gold secrets that it is determined to keep, and we pried two big secrets out of the central bank -- that it has gold swap arrangements with foreign banks and that it was represented at the secret April 1997 meeting of the G-10 Gold and Foreign Exchange Committee, at which central bankers conspired to coordinate their gold market policies:
-- GATA was a big part of the "Brad Meltzer's 'Decoded'" television program broadcast internationally in October on the History Channel that disclosed how secretive and misleading the U.S. government is about its gold reserves, starting with those at Fort Knox. The program continues to be rebroadcast internationally. A few days ago your secretary/treasurer was interviewed for an hour and a half by a video crew working for another network TV program pursuing the gold reserve issue.
-- GATA cracked the mainstream financial news media, winning, after great effort, a favorable acknowledgement in the Financial Times:
Of course we also had many failures with the mainstream financial news media this year -- many trips, telephone calls, and e-mails that produced nothing at all. But maybe it's just nothing yet.
-- We consulted closely with U.S. Rep. Ron Paul, chairman of the House Financial Services Committee's Subcommittee on Domestic Monetary Policy, and his staff to get gold-related questions put to the Federal Reserve and Treasury Department
-- We carried the cause of free and transparent markets in the monetary metals to financial conferences all over the world, including, for the first time, the biggest financial conference in Asia, the CLSA Investors Forum in Hong Kong in September:
-- We organized our own conference in London in August, presenting, as speakers, most of the top people in gold investing from around the world, whose presence signified the growing respect for GATA's work. Despite some recent technical glitches, we hope to be offering DVDs of the conference proceedings for sale soon.
-- And of course through the daily e-mails of the GATA Dispatch we monitored and interpreted developments affecting the monetary metals and free markets.
But before we pat ourselves on the back too much, we have to admit that, despite all this progress, we have not yet won. As exposed as it has become because of GATA's work, central bank intervention in the gold market continues, more brazen than ever. We may have made the central banks double down, and perhaps cost them more gold than they expected to lose by this point, but they are still destroying markets and democracy everywhere. The struggle continues, and unfortunately the gold mining industry's trade organization, the World Gold Council, won't participate, despite an annual budget said to be greater than $60 million. That leaves the struggle to us -- and to you.
Your secretary/treasurer is a pretty good secretary and a fair enough typist, but a better treasurer would be traveling the world much more often, knocking on the doors of mining companies and investment houses, explaining GATA's work, and seeking financial contributions. We're not quite set up to do that, even as there are more lawsuits to bring against the bad guys; more journalists to appeal to, hector, and berate; more research to commission; and more clamor to raise around the world.
If you think that our accomplishments for 2011 were valuable, please consider helping us financially in 2012, especially if you haven't contributed financially before. We really shouldn't keep going back to the same loyal friends.
If you're an investor in mining companies, please contact their investor relations people and ask them to help us too. This is asking a lot, as mining companies are so vulnerable to the enemies of free markets in the monetary metals -- governments, which control mine licenses and enforce environmental regulations, and big banks and investment houses, which are both the agents of central banking and the main providers of capital for mine construction, mining being the most capital-intensive industry. But if we don't achieve free markets in the monetary metals, the industry that mines those metals will have no future, and it will die along with democracy and free markets.
This still seems to us to be a great struggle -- a struggle determining the value of all capital, labor, goods, and services in the world, a struggle over whether those things are to be valued in free markets in which everyone can participate, the democratic way, or by a few central bankers conspiring in secret, the totalitarian way.
That is, though it may not be fully perceived yet, at stake here is nothing less than the whole world.
If you're inclined to help, please visit here for the necessary information: