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To: Bobby Yellin who wrote (40344)	9/15/1999 9:46:00 PM
From: Alex	Read Replies (1) \| Respond to of 117026

9/15/99 - Campaign Continues On Gold Sales <Picture> Johannesburg (UN Integrated Regional Information Network, September 15, 1999) - South Africa intends to take its campaign to halt further gold sales by central banks to the annual meeting of the International Monetary Fund (IMF) and the World Bank later this month, news reports said. Finance Minister Trevor Manuel said on Tuesday that although the IMF had shelved plans to sell its gold reserves to finance debt relief to developing countries, South Africa wanted a similar commitment from industrialised nations. The IMF reversed its position on gold sales last week, accepting the view of campaigners that it should simply revalue its bullion stocks to provide extra capital to write off debts of the poorest countries. "Its a cruel joke for the world"s wealthy governments to protest that they can"t afford to cancel the debts. The IMF is sitting on US $22 billion of unrealised capital gains on its gold reserves, since it values its gold at US $47 per ounce rather than the true market value of US $262 per ounce," an article in June by the debt campaign group Jubilee 2000 said. Britain is about to auction bullion on the open market for a second time this year in a move producers fear would see gold prices - which in July hit a 20 year low - slump further, threatening jobs and the industry in several African countries. Manuel said South Africa would use the annual IMF/World Bank meeting in Washington on 25-30 September to try and secure "a better deal" for developing countries, according to news reports. This item is delivered by the UN"s IRIN humanitarian information unit (e- mail: irin@ocha.unon.org; fax: +254 2 622129; Web: reliefweb.int, but may not necessarily reflect the views of the United Nations. If you re-print, copy, archive or re-post this item, please retain this credit and disclaimer. Copyright 1999 UN Integrated Regional Information Network. Distributed via Africa News Online.

To: Bobby Yellin who wrote (40344)	9/15/1999 10:00:00 PM
From: Alex	Read Replies (3) \| Respond to of 117026

VOX POPULI, VOX DEI:High-life's haunting echoes of the '20s Imagine you are a Wall Street investment banker and you have just moved into the penthouse on the 42nd and 43rd floors of a brick and limestone condominium at 515 Park Avenue. Arriving home from work in the evening, your chauffeur drops you at the entrance to the building. Several doormen greet you as you walk into a marble and limestone hall and take the elevator to your apartment, which has four bedrooms, a library and a kitchen complete with cabinets made from a 200-year-old cherry tree cut from the Fontainebleau forest outside Paris. The floors are oak strips and the upper and lower floors are connected by a private elevator. Around 8 p.m. the butler serves dinner accompanied by a bottle of vintage wine from the wine cellar where your collection is stored. With the glass in hand, you enjoy a 360-degree night view of Manhattan--Central Park, the Empire State Building, the World Trade Center. The butler retires to his suite on a lower floor. This is from a USA Today report on New York's real estate boom. According to the daily, an apartment sells for up to $15 million (1.65 billion yen), plus $450,000 (49 million yen) for servants' suites, $25,000 (2.7 million yen) to store 1,000 bottles of wine, and other expenses. "This is a period in residential real estate with demand for luxury we haven't seen since the 1920s," an expert was quoted as saying. More than 700 apartments priced above $1 million (110 million yen) were sold last year in Manhattan, where the average two-bedroom apartment sells for $610,000 (67 million yen). Many of the buyers are those who made a killing in the stock market. Still, the superdeluxe apartments at 515 Park Avenue are said to be unprecedented. "There's an amazing shortage of apartments at the high end because so much wealth has been created," said the developer that sold them. The bull run on Wall Street continues. But the Park Avenue condominium may signal the "peak" for stocks and real estate. In the 1920s, America experienced a great boom in the property and stock markets. That boom ended in a bust--the Great Depression. (Asahi Shimbun, Sept. 4) asahi.com

To: Bobby Yellin who wrote (40344)	9/16/1999 8:12:00 AM
From: long-gone	Respond to of 117026

And friends, How much of the current conspiracy against gold in the media, by governments around the world, and by many who visit this thread are based not on their own beliefs pro or against gold as a form of exchange and store of value but rather as extension of the policies of the U.S. State Department, FATF (Financial Task Force), DEA, BATF, and IRS? How many those who claim to support the ideas of Privacy, Freedom, Limited Government, and Self Government through elected officials would willingly require every financial transaction to be seen by anyone anywhere anytime so long as any government has permitted it? How private will these future times be if we allow these Big Brothers to have their way? Will "private" be the same for you & I as the President or his lackeys? Will there be any assurance the current lackeys will get "fair treatment" under every possible future administration? Will, only when it happens to them, they too then decry the invasions of their "privacy"? Is not the current attack on gold not simply another attack on FREEDOM, PRIVACY, & PROPERTY OWNERSHIP?