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

To: Hawkmoon who wrote (37924)	7/28/1999 9:45:00 AM
From: tshane	Read Replies (3) \| Respond to of 116762

"Hmmm..., what constitutional obligation do they, or we, have to protect a specific part of the mining sector, namely gold mining??" Hmmm...., what constitutional obligation do they, or we have to protect hedge funds, or the farming industry, or the auto industry or the steel industry or the ...... and as you previously stated your vision of government so clearly: Gov't role is to reinstill that confidence, like slapping a hysterical person back to calmness, or putting a depression prone individual on mood altering medication. Gov't proper role is help people to help themselves, not do it for them. Ron Reece GPM #37450 Help me out here Ron, I'm having trouble finding in the Constitution that the government is to be a paternalistic social welfare case worker whose job is to slap people out of their fear. The constitution I'm reading even allows people to be afraid and not invest their money. Isn't it obvious to you that you are supporting a socialist agenda by your statements? You allow constitutional violations all the time in your support of current governmental policy (which under current trends and administration mouths socialist goals to make the liberal intellectuals feel warm and fuzzy, while really functioning like fascists by using government bureaucracies to "regulate" private industry. Those regulations are then used to extort and or destroy private enterprises at the whim of the current administration (tobacco, medicine, etc.) depending on who is making contributions (payoffs?)). When it serves your purpose you are a great constitutionalist but it sounds more like the constitution of the United Sociopathic Socialist Republic.

To: Hawkmoon who wrote (37924)	7/28/1999 9:08:00 PM
From: Mark Bartlett	Read Replies (3) \| Respond to of 116762

Ron, Sorry to take so long to reply - but I have been busy. <<In my estimate, gold rising strongly would initially hurt the Dollar, making it weaker vis-a-vis the Yen & Euro.>> My point exactly. If a price rise in gold was going to be viewed as that deleterious to the world economy, then in fact the economy must be in a real mess otherwise it could withstand that increase. And it would follow then, that there is a real strong motive on the part of the global spin masters to keep it down .... kind of like curing the infection by removing the fever - while the infectious agent remains. Presently there is a very strong demand for gold - and logically the price should be starting to recover - lease rates seem to be. Why has it not? - because there is central bank and producer forward selling activities, and rumours of same. The reason the CBs are doing it, is to continue the charade (all is coming up roses) as long as they can. Producers are doing it to try and stay alive. <<Gold is officially on the Treasury's books at $42/ounce. That should frighten you even more.>> This is nothing new, reserves have always been discounted at way below the going rate by most countries. Fianlly, gold has brought integrity to economies for centuries. It seems to me that you want to get rid of gold - and then all of the economic problems will be solved - IMO that is nonsense. By your own admission, there has not been a gold standard for years (and of course that is correct) ... so gold should (now) have no real affect on the economy. That being said, there are a lot of people that still view gold as the ultimate indicator of economic health and as the life preserver of last resort (irrespective of there being no "official" gold standard) - and that is at the heart of gold's present demise and the reason for it being presently manipulated. All IMHO, of course. Regards, MB