All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (28813)	4/24/2000 7:58:00 PM
From: SBerglowe	Read Replies (1) of 42523

Le Metropole Members, Greg Pickup has served commentary at The Toulouse- Lautrec Table entitled, "The Dark Side of the Dollar." "In the April 24th edition of Barron?s an anonymous Fed official was quoted as saying, ?The current-account problem is a bigger one than inflation. If prices heat up, we can work with that. But if tons of capital are pulled out of the U.S. then it?s a systemic risk.? "Gold exported from the Fed would be in the form of unworked bars. The dollar value for Jan and Feb unworked gold exports was $1,151 million dollars. The balance was bullion coins, gold dust, numismatic coins, gold powder and gold dross. We say appears because nowhere is the actual currency stated but we assume it must be dollars. Neither is the unit of measurement which was 122,384,749. However it appears this is grams as it works out to $9.4 per unit and there are 31.1 grams in the troy ounce which would put the price at $292 per ounce." Easy read and excellent commentary by Greg. He did a good deal of homework to prepare this for you. A big picture statement.

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