10:55p ET Thursday, March 22, 2001

Dear Friend of GATA and Gold:

Here's the text of the invitation to the GATA African
Gold Summit that is being mailed to gold mining
company executives and government mining ministry
officials. While attendance at the summit will be by
invitation only, we'll have plenty to tell about what
happens there.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

The Gold-Anti Trust Action Committee cordially invites 
you to attend the GATA African Gold Summit in Durban, 
South Africa, on Thursday, May 10, 2001. 

There will be a reception dinner on the eve of the 
summit, Wednesday, May 9, at the Durban Hilton Hotel. 

An array of speakers will present evidence that the 
price of gold has been manipulated since 1994 by a 
cartel of bullion banks and a faction of the United 
States government. Gold has been held hundreds of 
dollars below its natural equilibrium price. As a 
result of this collusion, the economies of the 
gold-producing countries of Africa have suffered 
severely and unnecessarily. 

At the conclusion of the summit, GATA will suggest 
an action plan so that the delegates can see for 
themselves that our assertions are correct. The 
gold cartel will not be able to withstand this 
scrutiny politically, as their manipulation will 
be exposed to the world. Then the price of gold 
will soar, resulting in much stronger economic 
growth for Africa. 

The program will be finalized in the weeks to 
come, but it will include presentations by 
Reginald H. Howe, Frank Veneroso, James Turk, and 
Peter Hambro. 

Howe will elaborate on the lawsuit he filed in U.S. 
District Court in Boston on December 7, 2000, 
against the Bank for International Settlements, U.S. 
Federal Reserve Chairman Alan Greenspan, New York 
Federal Reserve Bank President William J. McDonough, 
J.P. Morgan & Co. Inc., Chase Manhattan Corp., 
Citigroup Inc., Goldman Sachs Group Inc., Deutsche 
Bank AG, and the U.S. treasury secretary. 

Veneroso will present evidence from the public domain 
that clearly identifies a reckless and dangerous 
central bank gold loan structure that far exceeds what 
is generally understood in the gold industry. 

The biographies of those who have committed to speak 
at the summit are attached for your review. 

A workshop environment will be encouraged so that 
delegates' questions may be fully addressed. 

We hope that you will be able to attend, as the outcome 
of the summit may be historic.

Acceptances of attendance should be acknowledged to 
Rhoda Fowler, GATA African Gold Summit coordinator in 
Durban, South Africa, on telephone +27 +31 202 1831, 
fax +27 +31 201 64 98 or email [EMAIL PROTECTED] Her 
mobile number is 083 301 0064. 

Sincerely, 

William J. Murphy III, Chairman
Gold Anti-Trust Action Committee Inc. 
 

Kind regards,

[EMAIL PROTECTED]
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