Eliot Spitzer, Attorney General
State of New York
120 Broadway Avenue
New York, NY 10271
February 19, 2004
Dear Attorney General Spitzer:
I have enclosed a beautiful silver eagle coin in this express mail
delivery in an effort to get your attention regarding the
manipulation of the silver market. What you do or don't do in the
weeks and months ahead could have enormous impact on the
financial markets and politics alike.
As I am chairman of the Gold Anti-Trust Action Committee,
I know you have received more than a thousand e-mails and
letters from outraged investors all over the world on this serious
matter. By 2006 the manipulation of the gold and silver
markets will have been exposed and acknowledged. By then
the price of silver will have gone from the current $6.65
to perhaps $40 per ounce. Gold ought to be above $800 by
at that time. The ramifications of the price rigging of silver and
gold are going to be significant for U.S. financial markets.
The suppression of the prices of gold and silver is hiding
systemic financial problems from American investors. Soon
the cabal that is suppressing gold and silver prices won't
be able to keep those prices down any more. Then the stock
and bond markets will be affected. In my opinion the stock
market is going to be hit very hard, and unsuspecting
investors will suffer terrible loses in their retirement
funds. They are going to want to know what happened and
why.
If you at least look into this matter before there is a
price explosion, you will be recognized as a public official
who did what he could to stick up for ordinary investors,
a man who was unafraid to delve into the wrongdoing of
powerful people.
Gold and silver are my business. I have reliable information
interests in China who tell me they have already tied up
about 75 percent of likely world silver production for 2005.
If my information is correct, it is only a matter of time
before there is trouble in silver. Gold will follow. Financial
market derivatives problems could be catastrophic.
From the many letters you have received, you must know
about Ted Butler by now. I hope you will meet him to learn
how you can quickly get to the bottom of this matter.
Best regards,
Bill Murphy, Chairman
Gold Anti-Trust Action Committee