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

To: d:oug who wrote (36984)	7/11/1999 4:37:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116770

Doug: tsk-tsk. Hutch.

To: d:oug who wrote (36984)	7/11/1999 6:13:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116770

Hi Doug SI doesn't have a filter yet but why give Ron the satisfaction of getting all this attention..you know about little kids that crave attention so they will do anything to get it..if you finally ignore some of their exhibitionistic behavior,after maybe some severe temper tantrums, they roll up the show..and if you explain to them that they are wonderful and start rewarding them for non attention seeking behavior, they start to change.. why not just skip the posts..pretend it is a little kid running around with his diapers pulled down bobby

To: d:oug who wrote (36984)	7/11/1999 11:17:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116770

Had you been nippin' at the bottle when you wrote that response? Bet you had a real "liver quiver" going on.... :0) The fact is, Dougie, that despite various wars, an intentional oil shortage staged by OPEC, the arms race of the '80s, the collapse of the cold war... etc, etc, etc.... people like you and I have been MORE THAN WILLING to accept US dollars for performing transactions. These are US Dollars that are NOT BACKED by gold in any way shape or form. So for your gold to "really shine", you require utter failure of the US economy. In fact, for you to desire that gold climb in value, you are HOPING and PRAYING that the US economy, thus faith in the US dollar, will fall against the POG, and not necessarily against other currencies (you want THEM to fall/fail also). ya, and all those in countries India and other people extra loving gold holding citizens countries will vote for a continuation of those politicans who made that law. Ya, ok Ron, sure. You'd be surprised what people will vote for when their entire economy is at risk. The Germans voted in the Nazis, if you'll recall. Creating crisis in economies is the quickest route to dictatorial power. So the point here is, Dougie,.... gold is overpriced relative to the above surface supply being hoarded by the Fed and other CBs. Get that gold into the hands of the people at the cheapest price possible and you'll have a far greater control over corruption and monetary negligence that currently exists when the central bankers control the market. Because with gold in the hands of the people, it is equivalent to the people's right to bear arms. The people have the ability and right to defend the nation against tyrants and despots, physical or financial. Gold's place is as a currency of last resort, when the world has gone to hell in a hand-basket, (before which most of us hope we're worthy enough to be raptured out of here). It is an alternative financial system that the people should have control of at the lowest price possible. Something that should be socked away and not constantly valued against one paper currency or another. So trying to fight the financiers and central banks is perfectly useless, and I opine, counter productive to the average citizen's interests. I say, let gold fall.... let it plummet and don't try to fight it. Let the CBs sell their gold especially the Fed. And then go out and gradually buy up some nifty jewelry for pennies on what you'd pay for it now or buy up those commerative $50 gold coins for face value. Then the citizen will have the protection and the leverage they need to protect them from an utter breakdown of the system, not the central bank presidents (who aren't really going to guarantee your deposits of gold in their banks). But the final point is... the Central Banks have every legitimate authority to lease gold out. Since they are prevented from selling gold directly, they lease it out as a mechanism to control currency ratios. Just as they buy and sell Yen, Euros, and Dollars, they must buy and sell gold to maintain equilibrium. The only difference is that the Fed does it through proxies and controls the market by varying lease rates. Regards, Ron