Support all your favorite nonprofits with a single donation.
Donate safely, anonymously & monthly, in any amount. It's a smarter way to give online. Learn more
The Gold Anti-Trust Action Committee was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy’s Internet site, www.lemetropolecafe.com.
Latest News
By Carla Samon Ros
Bloomberg News
Friday, October 2, 2026
The biggest force in Peru's gold industry these days isn't Newmont Corp. or Buenaventura. It's the thousands of illegal miners digging across South America's No. 1 gold producer.
Illegally mined gold exports from Peru rose over 19% in the first half of this year, as high prices and loose requirements have fueled incentives for diggers in the country's poor rural areas.
... Dispatch continues below ...
... ADVERTISEMENT ...
Buy metals at GoldMoney and enjoy international storage
GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars.
To learn more, please visit:
http://www.goldmoney.com/?gmrefcode=gata
Legal gold exports, meanwhile, fell nearly 6% as aging mines yield less, pushing illicit shipments above legal ones through June and putting 2026 on track to be the first year they come out on top, according to a recent report by the Lima-based think tank Peruvian Institute of Economics, IPE. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
Jack Ryan and Jack Farchy
Bloomberg News
via Yahoo News, Sunnyvale, California
Saturday, October 3, 2026
The industry body that sets the rules for the world's biggest gold market faces an existential legal battle in a London courtroom next week, in a case that could have far-reaching implications for how the industry polices its supply chain.
The London Bullion Market Association is being sued by the families of two men who died at a Tanzanian gold mine in 2019. The start of the trial on Wednesday will cast a spotlight on the outsized role that the relatively small organization plays in overseeing the $1-trillion-a-week gold market in London.
... Dispatch continues below ...
... ADVERTISEMENT ...
Ultra-Secure Swiss Vault Storage from Tara Gold and Silver Ltd.
Tara Gold is delighted to announce the launch of our ultra-secure gold and silver secure storage service.
GATA followers can now own gold and silver coins and bars -- including the Gold and Silver Trees of Life — with fully segregated, allocated holdings in one of the safest vault providers in Switzerland and the world.
All coins and bars are held in your name. Not a paper claim. Not someone else's liability. Real, physical precious metals you can visit, inspect, take delivery of, or sell at any time.
Safety, Trust & Privacy: Our Swiss storage partner is Helveticor AG in Zurich. Tara Gold's Mark O'Byrne, after extensive international due diligence, served as Helveticor's global ambassador for two years and stores metal with them personally. He has known the owners and senior staff for 20 years and trusts their vaults implicitly. Your metals there are fully insured and held outside the banking system — no counterparty risk, no digital risk, and no fractional reserving, with complete discreetness and privacy.
Liquidity: Switzerland is a primary hub for precious metals. You can sell quickly and competitively, with proceeds transferred directly to your bank account.
Tax Efficiency: Gold and silver in Swiss-bonded vaults are exempt from sales taxes. You pay only if you remove bullion from Switzerland.
For holdings of $100,000 or more, the combination of security, privacy, liquidity, and tax efficiency makes this a compelling international diversification.
For rates, application forms, and all key information, visit here or contact GATA supporter Tara Gold and Silver Ltd.'s Mark O'Byrne at [email protected] or +353-12641850.
The LBMA says the claim has no merit and is confident it will successfully defend it. But if the court orders it to pay out significant sums to the claimants, there's a risk it could leave the industry body insolvent, according to people familiar with its thinking, who asked not to be identified discussing legal proceedings. ...
... For the remainder of the report:
https://finance.yahoo.com/markets/commodities/articles/london-gold-body-legal-fight-104500585.html
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Michael J. Kavanagh
Bloomberg News
Friday, October 2, 2026
When investor demand sent gold prices to all-time highs this year, Africans rushed to cash in.
Exports hit records in multiple countries -- sometimes doubling or tripling in value, according to trade data analyzed by Bloomberg.
But many of those nations have barely any gold to mine.
... Dispatch continues below ...
... ADVERTISEMENT ...
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Money Metals Exchange, a national bullion dealer recently named "Best Overall" by Investopedia.com --
https://www.moneymetals.com/
-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
Shop online with Money Metals Exchange here --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
https://www.moneymetals.com/depository
What some have in common are neighbors embroiled in conflict where gold smuggling is supporting some of the worst wars on earth -- like Sudan and Democratic Republic of Congo.
The main destination for that bullion is the United Arab Emirates, a Bloomberg investigation found.
One refiner alone in Uganda was responsible for almost half the value of the nation’s shipments, which reached more than $8 billion in the 12 months through June.
Its supply chain mirrored parts of a network previously run by Belgian gold trader Alain Goetz, who was sanctioned by the US government in 2022 for trading gold out of war-torn eastern Congo.
Goetz denies any role or knowledge of the business, and Bloomberg found no public document showing he personally controls the company or directs its post-sanctions trades.
But the seeming resilience of the system shows how difficult it has been to sever conflict-linked precious metals from the global market, especially once it reaches the UAE, one of the world’s biggest bullion hubs. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Polina Devitt
Reuters
via WSAU-AM550, Wausau, Wisconsin
Thursday, October 1, 2026
LONDON -- Gold's resilience above $4,000 an ounce despite soaring Treasury yields suggests the post-2022 demand premium is proving more durable than many expected, setting the stage for further gains once the US Federal Reserve's tightening cycle ends.
Typically, gold -- a non-yielding asset -- moved largely in the opposite direction to real yields, and from 2000 to Russia's 2022 invasion of Ukraine, interest rates and US dollar movements explained most of bullion's price.
... Dispatch continues below ...
... ADVERTISEMENT ...
Are you ready to safeguard your assets using precious metals?
Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products.
We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping.
Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals.
Visit us here: www.herobullion.com
Hero Bullion: Gold and silver simply delivered
That relationship changed after Western sanctions froze roughly half of Russia's official reserves. Central banks, particularly in emerging markets, accelerated efforts to diversify reserves away from dollar assets, supporting gold even when higher yields would normally weigh on the price.
"The real-yield framework still anchors fair value, but since 2022 a persistent, structurally higher premium driven by reserve diversification and geopolitical hedging has become the dominant driver that macro factors no longer capture, and it is not fading," said Nicky Shiels, metals strategist at MKS PAMP.
Shiels estimates this "debasement and de-dollarization" premium -- the portion of the gold price not justified by real yields and the dollar -- has risen from about $120 an ounce before 2022 to an average of more than $1,000 since then.
It currently stands at roughly $840 an ounce.
Gold has been on a four-year roller-coaster. It surged to a record $5,595 in January before energy-driven inflation from the Iran war dragged it back to around $4,161.
None of this was expected. Delegates heading to next week's London Bullion Market Association conference in Italy had forecast a year ago that gold would be trading near $4,980 by now.
Meanwhile, the 10-year US Treasury yield, a yardstick for global borrowing costs and asset prices, rose to its highest since 2002 on Thursday, having posted its biggest quarterly rise this century in July-September.
"For a non-yielding asset, all else equal, that is going to be challenging because gold has to compete against that yield level in people's portfolios," said Amy Gower, commodities strategist at Morgan Stanley.
However, gold being above $4,000 despite yields that high signals that there is still demand that goes outside of what is happening with yields, she added.
"The temporary headwinds for gold are enormous and, in almost any other environment, would probably have pushed prices significantly lower," said Jay Tatum, portfolio manager at Valent Asset Management.
"Prices are not lower because underlying factors are so strong. I think of gold right now as somebody compressing a spring." ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Sean Ring
Daily Reckoning, Baltimore
Thursday, October 1, 2026
In the fall of 1923, a German housewife waited at the factory gate for her husband’s pay.
Back then, workers got paid at least once a day because prices rose by the hour. A wife needed to be ready the instant the cash hit her hand. Then, like a relay runner handed a baton, she sprinted to the shops. The bread she bought at noon would have cost more by dinner.
... Dispatch continues below ...
... ADVERTISEMENT ...
USA Gold: Coins and Bullion Since 1973
USAGold, well known for its internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
By November 1923, 1 U.S. dollar fetched about 4,200,000,000,000 (yes, 4.2 trillion) Reichsmarks. In 1914, it was worth only about 4.
Most people hear "Weimar" and think "wheelbarrows of cash." But the real damage was done to the people holding the cash.
Every price tells you something, especially the price of money, which we call the interest rate. That rate teaches you the most important lesson of all: whether waiting pays.
Economists call it time preference, the question of sooner or later. A healthy interest rate tells you patience pays. A rate near zero tells you patience is for suckers. ...
... For the remainder of the commentary:
https://dailyreckoning.com/if-youre-a-saver-youre-a-sucker/
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of US$500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Ronan Manly
Bullion Star, Singapore
Monday, September 28, 2026
The modern financial system is built on an assumption so deeply accepted that it is rarely tested: that the institutions and infrastructure standing behind financial assets will remain trustworthy.
That assumption holds only in a world where the institutions holding the financial system together act the same way today and tomorrow as they acted yesterday.
... Dispatch continues below ...
... ADVERTISEMENT ...
Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico
Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history.
Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.
With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.
For more information, please visit:
While the system tells you that banks will honour deposits, governments will repay bonds, central banks will preserve the value of their currencies, payment systems will stay open, and that the international financial infrastructure will remain politically neutral, these are not facts. They are behaviours, and behaviours can change.
When confidence is high, this assumption is almost invisible, and financial claims are traded without anyone asking what stands behind them. But when institutional trust begins to weaken, the distinction between an asset and a claim on an asset becomes much more important.
Because a bank deposit is not cash held by the depositor. It is a liability of the bank. A bond is a contractual claim on a borrower. A reserve balance held through a foreign financial system may be an asset on a central bank's balance sheet, but it can also be frozen, sanctioned, or made inaccessible.
That distinction was made real in February 2022 when a coordinated move by the United States, the EU, UK, Canada, and Japan, immobilised roughly $300 billion of the Russian central bank's foreign exchange reserves, split between $207 billion in euro assets, $67 billion in US dollars and $37 billion in sterling, with the largest single concentration at Euroclear in Belgium. Several Russian banks were also removed from SWIFT. The only major Russian reserves to escape the freeze were those held as renminbi in China, or as physical gold in Russian vaults.
But the episode did not affect Russia alone. It also shattered the global financial system's illusion of trust. As Zoltan Pozsar observed, "what had previously been thought of as risk-free became risk-free no more as non-existent credit risk was instantly substituted for very real confiscation risk."
While renminbi reserves escaped for geopolitical reasons (they were beyond the reach of Western sanctions), physical gold escaped for structural reasons, because there was no entity to enforce it against. That's because gold is not issued by a government, central bank, or corporation, and so physical gold is not somebody else's promise to pay. It has no maturity date, no debtor and no requirement that another institution remain solvent. Nor has physical gold any counterparty risk, because it has no counterparty.
That makes gold more than an inflation hedge. It makes gold a neutral asset in a world where trust in institutions, currencies and geopolitical arrangements is becoming increasingly less certain. ...
... For the remainder of the commentary:
https://www.bullionstar.com/blogs/ronan-manly/gold-is-no-ones-liability/
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
By Chow Chung-yan
South China Morning Post, Hong Kong
Thursday, October 1, 2026
https://www.scmp.com/opinion/china-opinion/article/3369170/how-china-became-worlds-gold-superpower
Perhaps no story illustrates the secret of China's industrial success better than its rise as the world's gold superpower.
China has revered the metal for millennia, yet it has never had a gold-based economy. Its own deposits were simply too scarce.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Mines Silver and Gold,
Mints Its Own Silver Bars, Ingots, Coins, and Medallions,
and Sells Them Online at Low Premiums
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The company owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver and Gold Mine, the San Dimas Silver and Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon gold project in northeastern Nevada, U.S.A.
In 2025 these mines are projected to produce between 27.8 to 31.2 million silver-equivalent ounces, consisting of 13.6 to 15.3 million ounces of silver and 129,000 to 144,000 ounces of gold, with an all-in sustaining cost of $19.89 to $21.27 per payable silver-equivalent ounce.
For more information about the company, visit:
In a practice unique to First Majestic, the company is proud to manufacture exceptional silver bullion products from its 100%-owned and operated minting facility, First Mint, offering a portion of its own silver production for sale to the public. Bars, ingots, coins, and medallions are available for purchase online at the company's bullion store at low premiums.
To review First Mint’s full product range, visit:
In 1975, as China began its economic modernisation, it desperately needed gold to fund reform and build up foreign reserves. Despite its best efforts, it produced a meagre 13.8 metric tons a year. South Africa, then the undisputed king of gold, produced many times that. Canada, the United States and Australia each comfortably outproduced China as well.
Then, slowly but surely, everything changed. In 2007, China overtook South Africa to become the world's largest gold producer, and it has held that position ever since. Today it churns out 380 metric tons a year, more than South Africa, Indonesia and Mexico combined.
This was no miraculous bonanza. Beijing did set up a “gold troop” in 1979, sending the military across the country to hunt for deposits. Yet high-grade finds remained elusive until the past two years, when China announced two world-class mines: Dadonggou and Wangu. By then, the country had long since secured its crown. Its journey from a gold-poor economy with low-grade ore to the top of the league table is among the most remarkable industrial turnarounds in modern history.
It came from technological innovation, state-led industrial policy and meticulous planning.
From the 1990s, Chinese state research institutes began to master pressure oxidation (POX) for treating refractory ore. In layman's terms, it lets miners profitably process ore with vanishingly low gold content, sometimes as little as one gram per metric ton of rock. Overnight, China's vast, previously ignored low-grade fields became viable, and the country effectively gained a wealth of new reserves.
Today, about a third of China's output, or 130 metric tons, comes from low-grade fields. POX has helped China become a leading gold producer, ahead of second-placed Russia and more than double the output of the seventh-placed United States.
Curiously, China neither invented the technology nor built the biggest plants. Nor are its operating costs the lowest. The US and Canada pioneered commercial POX in the late 20th century, and some of the world's largest and most advanced facilities are still in Nevada. Russia took it to scale: its Amursk hub has the world's biggest POX autoclave vessel, and abundant cheap gas and hydropower must give Russian plants the lowest running costs anywhere.
So China wins in no single category in the POX race. It is often runner-up. Yet it dominates the game because it is the most efficient player, thanks to careful planning and coordination.
Rather than build behemoths, China runs hundreds of medium-sized mining clusters across the country. In the United States, about 75 per cent of gold comes from a single region, Nevada's Carlin Trend. China's operations are widely dispersed, so one accident or glitch will not gridlock the whole system. And unlike South Africa's mines, China's are tightly organised by the state.
Production, financing, transport and security are integrated in a closed loop. China did not build one or two mega facilities; it built an ecosystem.
The cost advantage is real, if nuanced. China's operating costs are higher than Russia's, but notably lower than those in North America or South Africa. Russian plants may be slightly cheaper to run, but their set-up and logistics costs are far higher.
Chinese POX facilities typically need 30 to 50 per cent less upfront capital than their Western rivals, according to an industry insider.
The boom had a dark side. China hit its all-time high in 2016, mining 453.5 metric tons, but local governments prized output over the environment, and pollution became serious. From 2017, Beijing enforced strict environmental and safety standards and shut down thousands of small, illegal or heavily polluting mines. Output fell by more than 25 per cent at one point before stabilising at around 380 metric tons a year. The industry that emerged is cleaner, more efficient and more competitive. Its leading operators are now expanding aggressively overseas, building plants across Africa, Central Asia, South America and even Papua New Guinea.
POX is only one pathway. China is also developing a wide range of other processing technologies. As the world's largest refiner of base metals such as copper, lead and zinc, it recovers tonnes of gold every year as a by-product of its smelters, without running a single dedicated gold mine. That amounts to 80 metric tons a year, roughly Kazakhstan's entire annual output.
It also echoes China's dominance in rare earths. A common misconception is that this rests on rich deposits. In truth, the real strength lies in its industrial ecosystem.
In the end, China leads because it has planned and organised better than anyone else. The real source of wealth is human labour combined with technology, thoughtful planning and organisation, not natural resources.
Here is the twist. Although China has been the top producer since 2007, it has also been importing gold aggressively, about 1,000 metric tons a year. Add domestic output, and China takes in some 1,400 metric tons annually. About 80 per cent is believed to go to domestic consumption, while the People's Bank of China steadily builds up its reserves.
That accumulation is just one piece of a much larger puzzle. Beijing is hoarding gold not for the metal's lustre but to support the internationalisation of the yuan. It is best understood as a dual strategy: insulating China from Western sanctions while gradually building trust in its currency as a global one.
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
From VBLGoldFix, Substack
Thursday, October 1, 2026
Judy Shelton has joined the Treasury Department as counselor to Secretary Scott Bessent, bringing an advocate of gold-convertible government bonds into his office as inflation and deficit concerns drive up U.S. borrowing costs.
The New York Times' DealBook column reported her appointment on Sept. 16, alongside rising bond yields despite Treasury's multibillion-dollar buybacks. Bessent defended those purchases, saying yields would have been higher without them. The Independent Institute also lists Shelton as counselor to the Treasury secretary.
... Dispatch continues below ...
... ADVERTISEMENT ...
Fisher Precious Metals offers great prices
with personal service from a family team
Family-owned and operated Fisher Precious Metals is a great low-cost source for precious metals -- coins, rounds, and bars. But we also get you the highest prices available when you sell your precious metals.
Expect a personal approach with Fisher Precious Metals. You can always speak directly with the owners within 24 hours if not immediately. We provide you a team you can get to know and call at any time to discuss your investments with no pressure to buy.
Check our Google reviews to see what our clients have to say:
https://g.page/FisherPreciousMetals?share
Contact us at 1-800-390-8576 or [email protected] or visit us here:
https://fisherpreciousmetals.com/
Shelton proposed Treasury Trust Bonds in a 2012 Cato Journal paper: zero-coupon securities repayable in dollars or a specified quantity of gold at the bondholder's choice. The structure would protect lenders against the dollar losing value relative to gold. ...
... For the remainder of the report:
https://vblgoldfix.substack.com/p/gold-bond-advocate-judy-shelton-joins
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
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:
* * *
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:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
Create Your Account:
