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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (35948)	6/26/1999 3:09:00 PM
From: teevee	Read Replies (2) \| Respond to of 116779

Ron, Most gold bugs' monetary thinking is stuck in the last century......the day will soon come when all central bank reserves are sold off....the cost of wharehousing gold will then be born by the producers and sellers, probably at LME wharehouse vaults....the notion of gold bars sitting in vaults and collecting dust is ludicrous.....when the banks quit supporting the price, and supply- demand comes into the picture, I believe we will see lower prices which will be good for consumers and everyones standard of living....I prefer to see gold working in things like chips in computers, control systems, robotics, comsumer electronics, etc....where it enriches everyones lives(rather than sit in vaults collecting dust)....the cheaper gold is, the more we all benefit(except for gold bug speculators who help provide liquidity to the continuing demonitizing of the metal).....advertizing planned sales by the central banks is part of a plan to generate liquidity for themselves as they unload at ever lower prices...they are deliberately walking the price down to historic trading and pricing multiples to the price of silver($US180-200/oz).......when the central banks have finished liquidating and stop buying gold on demand, then we can truly let supply and demand set prices, which I believe will be far lower and more affordable, thus increasing utilization in the economy and enriching everyone's life......World bank divestitures are another interesting event....matching third world gold sales utilizing the proceeds for third world aide and development.....why not utilize gold bugs' capital to try and do some good in the world eh? regards, teevee PS: maybe the price would go up if gold bugs would increase their resolve and put a greater portion of their net worth into gold....move up to 100% in gold and help create some additional liquidity for the central banks and world bank developers:_)).....

To: Hawkmoon who wrote (35948)	6/27/1999 7:24:00 AM
From: Eashoa' M'sheekha	Read Replies (1) \| Respond to of 116779

No No No Ron - Son ( G ). >> Are you planning on becoming a Fed Governor?? I think you'd be great!!!.......................<< Are you kidding!! The stupid people couldn't first of all understand what I was saying....since I would be actually telling them the truth for once.They are so used to being lied to that I would come across as a barbaric relic with policies compared to those in the last century. Interestingly enough....I find it E - X - T - R -E - A - M - L - Y humourous how ( your ) politicians revert to the " Great Words Of Wisdom " spoken by the founders of your great Nation whenever the mood is right or when one of the little crooks want to sound " Patriotic ". Those blasts from the past always get me ROTFLMAO .Especially the Jefferson or Washington stuff.Priceless!!:-) Anywho....you seem to have fallen prey to the same brainwashing... willing and able at the drop of a hat to parrot the diatribe that would be best left for consumption of much less informed and intelligent thinking individuals.I would say your profile fits well into the Fed Governor's mantra .. Ron.....Go For it. Ha ha ha.... With regard to my hedge fund comment......you obviously missed that one all togeather.The Asian Flu ( Contagion ) was started in the Good Ole US of A Ron.I followed very closely at the time.Trust me.. many in far of lands made mucho buckoo attacking the former Tigers.They reeled somewhat helplessly in the wake of the " monetary cleansing ", but learned one very BIG lesson in doing so..... N - E - V - E - R trust fiat currencies that are not well supported by an underlying asset and not someone elses problem debt. Note the US not jumping on the " Sell Central Bank Gold " bandwagon ? Curious indeedy.The Brits are making a huge mistake here that will come back to haunt them later. I just hope Canada distances themselves from these idiots soon.Sick of British Imperialism.....sick of American Imperialism..........make you want to move to Cuba for $%^&* sakes.<g> PS:Sorry for the " son " thing.I know you is all growed up. ha ha Take Care Taurus ...