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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.34

+3.7%

Jan 5 4:00 PM EST

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To: Abner Hosmer who wrote ()	4/1/2000 6:22:00 AM
From: William Harvey	of 116842

The only reason that museums don't lend out rare art the way central bankers lend gold is that the museum is built around the art. One needs the perfect lighting, temperature and humidity to conserve and preserve a work of art, not just for viewing. Same with rare books: At the Library of Congress a team of scientists routinely monitor the Gutenberg Bible to make sure that everything is just right. You may never answer the question, "What if we put 'Mona Lisa' behind the couch", but I'll bet the same fantasy is fulfilled when borrowing gold becomes possible. If this has been the opportunity of a lifetime to borrow a tonne of gold, then imo it's becoming time to pay the piper. The reasons that we are here, ie that interest rates are low or stock prices are in an uptrend or that currencies are stable or peace is abundant - these reasons are not so important, because more and more investors are using those reasons to justify investing in ventures that self-destruct as soon as they are seen for what they are, without the phoney accounting, fantasy and hype. Obviously, a reasonable person is one who tends not to act on the very reasons we're here.

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