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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

Nov 26 4:00 PM EST

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To: Hawkmoon who wrote (26610)	1/21/1999 8:00:00 AM
From: Mark Bartlett	Read Replies (1) of 116768

Eon, <<But I still see no one able to tell me why this friggin' little yellow metal is worth throwing the world into depression over.>> It'd not gold that will throw the world into depression ... it is its misuse. There is no way the practice of "leasing" gold should have ever been allowed .... the gold is not leased in the traditional sense ... the gold is gone ... in effect sold. So to use the term "leased" in the first place was just a charade so that the powers that be would be allowed to undertake the process. Had the term sold been used, there may have been more resistance to allowing the practice. Find me any other commodity that can be "leased" in such a fashion. When rules are streched/broken, sooner or later somebody pays. Gold reserves are for the country and its people ... not to play monopoly with by a few elite rich groups of society .... so they can hedge the cheap paper they get from gold leasing. IMO the use of gold in this fashion is fraudulent, plain and simple. I am personally enraged that the Feds even allows the process ..... but then again, one only has to look at who the Feds are. MB

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