By: Chris Powell, Secretary/Treasurer, GATA

Yesterday GATA's Washington-area law firm filed with the Federal Reserve Board an administrative appeal of the Fed's most recent refusal to grant us access to the agency's records involving the U.S. gold reserve.

By letter dated August 5, the Fed reported to us that 137 pages of documents being withheld contained information exempt from disclosure under authority of Exemptions 4 and 5 of the [Freedom of Information] Act.

We construe this as an admission that the U.S. gold reserve has been put into private hands to some extent or has been compromised in some way by possession by private interests, such as financial houses that trade in gold.

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