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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97
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To: Bobby Yellin who wrote (247)5/19/1997 11:30:00 PM
From: tshane   of 297
 
Bobby: I didn't take my thinking about the central banks as far as your message, but it is worth at least considering. The more I investigate things and have off the record intimate conversations with politicians and power brokers the more I find out that they leave as little to chance as possible. They are control freaks to the extreme - that's how they get to the top. I think Searle is a little naive in not thinking the central banks are discrediting gold as much as possible. Whether it has extended to planned hoaxes with the junior mining, who knows.

If I needed to feed my friends and family and I could get you to accept a piece of paper with MY PICTURE on it in exchange for your chickens, wheat and hard work, I do it too. (if I didn't have any integrity). If I run out of pieces of paper with my beautiful profile on it, I could just make some more (between 1-2 cents per bill)and the supply is unlimited. Why would I ever want anyone in the village to be competing with me for your chickens and especially with a commodity very limited in supply (gold).

You bet they're controlling it and economics isn't something you have to have an advanced college degree to understand. Chickens, paper and gold is all you need to understand as a basis. The rest (derivatives - futures, options, etc.) are just paper abstracted into numbers and into computer bytes. Just illusions of real money for the rule makers to gain an advantage on the rule followers. You figure out the rules and they'll change them. If you have been investing for any time, you will have experienced having thoroughly researched and made a sound investment only to have some special interest group and/or the government change the rules and you get to watch your investment tank.

Cheers, Richard


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