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

To: Zardoz who wrote (39140)	8/17/1999 6:41:00 AM
From: d:oug	Read Replies (1) \| Respond to of 117026

Hutch, you make me hang my head in shame. Me and this other person, its like the blind leading the blind, or the ignorant teaching another too ignorant to realize that the teacher is dumber than the student. I don't know enough about this market to forget anything. buy and sell, thru a broker, is all I know I do not know what a "put" or the other option word get?, is this other person would have to pay an advisor for help maybe Bill Murphy and Ron can have a quick short exchange and if ABX will seem ok, then I'll tell person to undo my advice thanks for your links for self help info, but this person can only understand the elusive theoretical areas of life, and the down to earth common sense practical stuff only confuses and makes this person confused as an idiot. doug

To: Zardoz who wrote (39140)	8/17/1999 11:39:00 AM
From: long-gone	Read Replies (1) \| Respond to of 117026

Hutch, you wanted proof of the lower manipulation of gold price? Here is a demand for gold that was being backed by worthless paper Vs the actual gold as promised. Only the tip of the iceberg? Company Press Release SOURCE: Pennsylvania Office of Attorney General Pennsylvania Attorney General Fisher Sues Florida Business and Operators Over Alleged Pyramid Scheme Involving Gold Coins HARRISBURG, Pa., Aug. 17 /PRNewswire/ -- Attorney General Mike Fisher today filed a lawsuit against a Florida business, two company officials and their Lycoming County business associate for taking part in an alleged pyramid scheme that claimed to promote the sale of gold coins. ``Nearly two dozen Pennsylvanians lost more than $117,000 in this alleged scheme,' Fisher said. ``Our investigation found that this company focused on recruiting new participants, not selling gold coins. In fact, consumers never received the coins they purchased despite the company's guarantee that the coins would be delivered.' Fisher said the suit was filed against American Coin Collectors, Inc., 6416 West Colonial Dr., Orlando, Florida; David Murphy, president of American Coin Collectors; Richard ``Rick' Murphy, vice-president of American Coin Collectors, and Ronald Sindlinger, RR 3, Box 482, Muncy, an ``Independent Associate' of the defendants. According to the suit, the defendants from September 1995 to March 1996 sold ``vouchers' to the public that they claimed were redeemable for gold coins. Potential buyers were instructed to fill out a ``Gold Coin Purchase Order' and submit a payment of $200 for each voucher purchased. According to complaints filed with Fisher's Office, the defendants provided the vouchers but failed to deliver the coins to consumers who chose to ``cash in' the vouchers for actual coins. ``We allege that the defendants compensated participants with additional coin vouchers for recruiting new members, not through the actual exchange of a product,' Fisher said. ``The vouchers had no real value, and in our view this activity represents an illegal pyramid scheme.' The suit asks the court to: prohibit the defendants from conducting business in Pennsylvania. pay $117,580 in consumer restitution, plus additional restitution to consumers who can establish a loss. pay civil penalties of $1,000 per violation and $3,000 for each violation involving a consumer age 60 or older. appoint a receiver to oversee the defendants' assets. pay the Commonwealth's costs of investigation. The suit was filed in Commonwealth Court by Deputy Attorney General J.P. McGowan of Fisher's Bureau of Consumer Protection Office in Scranton. biz.yahoo.com