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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

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To: Hawkmoon who wrote (53057)	5/21/2000 9:46:00 PM
From: long-gone	Read Replies (2) of 116762

<<How has this changed from the times when gold and silver certificates were issued in excess of the available physical reserves. >> Then the issuing entity (a government) was the only one which was allowed to make these paper gold issues. Now, we may well have thousands of layers of paper resting upon the same long-gone gold. <<No matter how much you believe gold should fully back paper currency, you continue to avoid the issue of there not being enough gold around to accomplish such an objective.>> Here you state something not my wish. I first want an honest full inventory, random spot assay, & audit of US gold. I think asking for fully backed gold & silver certificates(not dollars or lbs. or....). A true solid audit of US resources is not out of hand! Have you not been following the antics of some of the worlds greatest audit houses in regards to conflict of interest? The terms inventory & audit have become laughable in the US but still far better than Europe. Shareholder of banks(& brokerage houses) also should get an inventory of these assets & derivative positions! Have you ever studied or worked in inventory or quality control?

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