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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.81+0.9%Nov 19 4:00 PM EST
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To: IngotWeTrust who wrote (27133)1/27/1999 8:21:00 AM
From: Hawkmoon  Read Replies (3) of 116762
 
Actually, I have heard that Volcker is still quite active as a consultant. But I think that Volcker was only different from any other banker in that he knew when to play Santa, and when to play Scrooge. This is a quality that Greenspan has as well, but at this moment, it is apparent that he feels he has little choice but to keep pumping money into the system for the alternative is too gruesome to contemplate.

As for laying my hands on Greider's comment.... I've been re-reading selected parts of his book, "Secrets o/t Temple" for the past two days (as well as two other books I've been delving through in my spare time). So you shouldn't get too much of a "bang" out of it. I've owned the book since the late '80s. One of the other books I'm perusing is called "The Money Lenders, by Anthony Sampson. I recommend both of them highly.

As for your Hunt Brothers/Secret Cave/coin bags on a white beach scenario, it kinda sounds like an "Urban Legend" to me. One would have to ask why they would have held onto any silver they took delivery on since it has done nothing but lost value since they tried to corner the market.

If they were so savvy, they would have gone to cash years ago.

But thanks for the tall tale anyway.

Regards,

Ron
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