Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (62079)	6/11/1999 12:43:00 PM
From: Knighty Tin	Read Replies (5) \| Respond to of 132070

Mike, In all honesty, I thought the gold conspiracy crowd were a bit wacko. But, the evidence is sure going there way lately.

To: Mike M2 who wrote (62079)	6/12/1999 9:27:00 AM
From: ForYourEyesOnly	Respond to of 132070

"It appears that only two escape hatches exist for the gold-carry players. Keeping the price of gold down by shorting it on COMEX (this is akin to naked shorting as insufficient gold bullion doesn't appear to exist to cover the 200,000 open interest contracts) or repaying the loans in a medium acceptable to the banks who lent the gold in the first place. Since these are European banks and no large source of gold currently exists, the Euro may become the only accepted means of repayment." Bzzt, wrong! (smile, eets a joke) Escape hatch #3: Step 1: Allow the borrowers to cover via payment in fiat currency at "going rates". Step 2: Announce that the CB sold "### tons of gold." It's as easy as 1, 2......all they need to do is switch from "loans" to "sales". THC