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To: teevee who wrote (36785)7/7/1999 1:44:00 PM
From: The Ox  Read Replies (1) | Respond to of 116752
 
There is a big difference in someone making money by being short gold and organized manipulation to benefit those short the yellow metal. On a level playing field, who cares how you make money, short or long? When those responsible for the "fair" market environment decide to tilt the playing field to one side, that's when everyone should cry "foul play".

JMO,
Michael



To: teevee who wrote (36785)7/7/1999 1:49:00 PM
From: Alex  Respond to of 116752
 
You crack me up : - ) EOM



To: teevee who wrote (36785)7/7/1999 8:52:00 PM
From: d:oug  Respond to of 116752
 
teevee, seems to me that no one here has sent you a post that you felt it
worthwhile you time and energy to activate your "critical thinking" ability.

I cannot present an indepth forthcoming of such ideas to debate with you
because I lack the understanding and insight of such materials.

But I can produce such information of pro gold and pro GATA that will reside
with the side opposite to yours. If you feel unchallenged and unmotivated
by the same over and over back and forth regurgitated old posts, then please
view the follow article. You ofcourse need an opposing side to debate with,
and maybe some pro gold threaders here can extend more than the standard
off the top of their head reply and expand their scope and transform
themselves from lightweights to a heavyweight like Ron Reece or one with
deep technical knowledge like Hutch.

You quote "... and bullshit walks", its been an easy walk thru this thread
so far for you and Ron Reece. So far no one has been able to scoop up
the manure dropped by you and Ron, as you both well know.

If no one here can match you and Ron, except Bill Murphy, then this thread
will not be a place to uncover and learn whats happening with gold.

just my opinion

miningstocks.com

doug



To: teevee who wrote (36785)7/7/1999 9:08:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 116752
 
teevee,

Don't let Doug A.K. get you down (doubt he could anyway...:0)

You're quite right that there have been a number of commodities that were more valuable then gold and silver throughout history.

We have only to look back at the time of Marco Polo and Columbus where a spices and silk were so prized that they were considered far more valuable, per equivalent weight, than gold.

And spice was far more useful as well. It helped to preserve meat and cover up the wretched taste of onsetting spoilage.

Hmmm... a merchant's choice. A ship hold full of spice and silk, or a cargo of gold?? Seems that the proper cost-benefit analysis was performed since I don't recall reading of too much gold being imported from China and the rest of Asia.

Regards,

Ron



To: teevee who wrote (36785)7/7/1999 10:33:00 PM
From: mick  Read Replies (1) | Respond to of 116752
 
Aluminium More Expensive ???

That is true. Of course at that time, the metal was so rare and expensive to produce, its scarcity made it valuable. Once the electrolitic method of producing aluminum was discovered and aluminum was found to be one of the most abundant elements, its price dropped like a stone. Clearly, aluminum couldn't be used for monetary storage.

The point that gold may no longer play a valued role in monetary trade could be true. Since most countries no longer back there currency with gold, its really whatever you believe a currency is worth(i.e. the northern Peso).

Since gold is no longer a standard, I propose we make diamonds as the new unit for currency. De Beers has been successful in convincing many a person to trade in 3 months salary for a small piece of glass like rock. Might make Winspear move faster.

The problem with the short sellers is that they don't seem to think they should play the game. If they win great. If they lose, the governments can bail them out. When he game is fixed, it hardly makes it fair. If LTCM was allowed to flounder like it should have, then there would have been a flight to gold. If the BOE hadn't made there announcement, the fundamentals of gold (more buyers then sellers) would have forced the shorts to cover there position quickly. Shorting has its place in the world (do you really think Amazon.com is worth more than Texaco and Bid.com should trade over $ 10 ?), but unfair interference hurts us all in the long run (remember when Japan's bubble burst ?).

Cheers

Cheers