"Be careful what you wish for, as you may actually get it."
The Dallas Morning News dallasnews.com
Story about GATA, the Gold Anti-Trust Action Committe.
In my opinion this story came about
through the wishes and motivation
of Bill Murphy, which is good,
but as that saying goes...
"Be careful what you wish for,
as you may actually get it."
I read the newspaper story,
and during the same read
I used two different vantage points
so as to stimulate different opinions.
Like a simulation to have two folks,
one as I being a gata nut, and the other
being the average Joe or Mary that has
no connection or interest in physical gold
except the run of the mill stuff like jewely
and that its a precious metal that once long ago
had a role of some sort as coin'ed money,
but thats history and now USA citizens have
a big storage supply sitting at Fort Knox
"all dressed up and no where to go", it seems.
My thoughts as a gata nuts in reading
the story in the Dallas Morning News
are not of any use here, but thoses
of I as a Joe and Mary are, and they
are not nice from the perspective
of I as a gata nut.
As a gata nut I filtered out all
the nonsense stuff and was left
with good and solid stuff.
Bill Murphy wanted this article
to reach the mainstream public for
a single and simple reason, that to
inform them of a problem and that
action is needed now to correct it
before it causes big time problems.
but but but... what did Joe and Mary get ???
Did they get the pro GATA facts
and the countered facts ?
Yes, but but but... ok they got them,
but what "stuck" with them after they
read the article ???
Less than nothing, in my opinion.
Score 1 point for anti gold
and deduct 1 point from GATA.
Why GATA came off as a crazy.
(1) limited-edition print
GATA is just a scam to sell an artist's works.
(2) the Washington D.C. trip was a joke
...the spokesman said
"the subcommittee members don't consider
the matter a high priority and met
with Mr. Murphy more out of courtesy
than anything else.
(3) Bill Murphy worked as a commodities trader...
...with the now-defunct Drexel Burnham Lambert Inc.
(4) Bill Murphy's priorities in life...include
...he moved to Dallas about a year ago
to be closer to his dog...
(5) GATA is unable to tell difference between long and short
J.P. Morgan holds $38 billion in gold derivatives,
but it's unclear whether these are long or short positions.
(6a) GATA can't see forest because the trees are in the way.
(6b) GATA sees a forest where there are no trees.
...the real reason is very simple, said Mr. Hathaway:
"There are no big buyers."
Dallas Morning News story features GATA
egroups.com
This supplements the Gold Anti-Trust Action Committee's web site
gata.org and keeps interested parties advised of developments
involving the lawsuit it plans to bring against those it accuses of illegal collusion
to control the price and supply of gold, other commodities, and related securities.
GATA dispatches are archived at
egroups.com
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