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

To: Hawkmoon who wrote (37091)	7/13/1999 1:36:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116791

<<So if you want to stop manipulation/intervention in the gold markets, you'd better get a legal judgement against the Fed/Treasury from intervening in the currency markets. And if those actions in the gold market are done through the leasing of gold, or the liquidity of the gold lease market through varying the lease rates, legally they can say they have no actions in the gold market. But that doesn't mean that they don't make it more profitable for other private parties to do their will for them.>> I take it your position has changed, and you 1) now no longer claim the Fed is controlling gold 2) it is moral for the Treasury to be involved in a mis-information campaign which discredits the Federal Reserve and for them to act outside their constitutional mandate and to (in the longer term)set the value of the US $ 3) it is legal for the Treasury to allow market moving knowledge and accompanying profits to some and deny them to others?

To: Hawkmoon who wrote (37091)	7/13/1999 3:15:00 PM
From: Jim S	Read Replies (3) \| Respond to of 116791

Ron, as much as I hate to bolster your argument, I'm forced to agree with you -- gold IS currency. I looked at the back of some 1 oz eagles, and sure enough, it says, "50 Dollars." Thinking about it, I remember as a youngster having some of the zinc pennies issued during WWII, and they spent like 'real' pennies. I haven't tried, but I'll bet that if I take 4 old silver quarters, or a silver dollar, to a Federal Reserve Bank, they'd give me a brand new paper dollar in exchange. Or, a new 'funny money' 50 dollar bill for one of my gold Eagles. The Treasury prints currency, the Fed determines its worth, and manipulates it accordingly. Gold is currency, so the Fed can manipulate it. Q.E.D. You're making a convert of me, Ron. Dammit! jim