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The quantity of gold held and traded by the world's banks, and futures exchanges is significantly overstated !

The Gold Anti-Trust Action Committee (GATA) is an organization dedicated to investigating and proving its allegation that the quantity of gold held and traded by the world's central banks, international bullion banks and futures exchanges is significantly overstated and that a scheme analogous to the defunct London Gold Pool keeps the price of gold artificially low.From:http://en.wikipedia.org/wiki/Gold_Anti-Trust_Action_Committee
For years there have been whispers that you may have heard about possible government manipulation of the gold market. No one has ever been able to conclusively prove the allegations that central banks, the Federal Reserve, the London Bullion Association, and the so called giant bullion banks all collude together to keep the price of gold artificially low.From: http://www.wealthbuildingcourse.com/gold-antitrust-action-committee.html
http://gata.org/
http://gata.org/about
The Gold Anti-Trust Action Committee was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments.
GATA underwrote the federal anti-trust lawsuit of its consultant, Reginald H. Howe -- Howe vs. Bank for International Settlements et al. -- which was pursued in U.S. District Court in Boston from 2000 to 2002. While the Howe suit was dismissed on a jurisdictional technicality, it yielded valuable information at a court hearing in November 2001 and became the model for Blanchard Coin and Bullion's anti-trust lawsuit brought the following year against Barrick Gold and J.P. Morgan Chase & Co. in U.S. District Court in New Orleans, whose settlement appears to have included Barrick Gold's decision to stop selling gold in advance.
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