Dear Friend of GATA and Gold:

The Liberty Dollar organization announced this morning, via the letter appended here, that federal agents today raised its offices in Evansville, Indiana, and confiscated all its property and equipment.

This moves seems extraordinarily bold considering that Liberty Dollar’s right to operate already was being litigated in federal court.

Let’s hope that Liberty Dollar soon can force the government to answer in federal court for today’s action.

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

Comment:

I haven’t followed the case, so I am not sure what the claims on either side are, but obviously, my sympathies are with the poor folks who got stiffed. I recall when the Gold ETF was introduced, there was a lot of hand wringing about how much gold backed the etf, who had verified it, and the possibility of fraud. It’s why I still believe, contra most financial people, that midterm trading (month to a year) is smarter these days…..you never can tell.