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

To: IngotWeTrust who wrote (42589)	10/11/1999 1:39:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116764

O yes indeed ole 49r, Quebec City, Quebec I remember standing high up on that hill overlooking the river of water below, but more impressive were the weapons of the past to fight those who traved by the river to do harm. Those cannons of iron with an opening that took a ball the size of which a man could make the Guiness Book of Records. <<translation of the French phrases...>> When living there I as one who has no brain cells for languages walked into the news store and asked "any English newspapers?" and the man replied "NEVER". But back to usa and I hope that the lining of all your pots and pans get coated with the soft yellow of gold from your gold mining. I think the following <<I think this is worth a SECOND-READ:>> is worth a Third read. Especially for those that can see gold at the bottom of a pot & pan up close and personal, and not in black ink on a piece of paper. <<... involving the gold bullion banks. Slow delivery and rationing differs little from explicit default.">> From: Robert Dirks I think this is worth a SECOND-READ: Now this anecdotal story from a Cafe member about e-gold pricing this week. www.e-gold.com is a website which facilitates the electronic circulation of gold - "the ultimate worldwide free market currency." Hello Bill! I went to check up on the exchange rates for e-Gold, and I found that they'll buy at the spot rate of $322 / ounce, but they will only SELL gold at over $400 / ounce, a 25% spread. As this is certainly a far-cry from their usual 2% spread, I wrote to Jim Ray and asked him why. Here is part of his response: "As everyone on this list is surely aware, there is a screwy situation in the precious metals (especially gold) markets. The published 'spot price' for gold does not seem to be the market clearing price for actual physical bullion. The prices published in the financial press are for paper gold, that is, for promises purportedly payable in gold. Anyone, however, who attempts to buy large quantities of actual physical bullion for immediate physical delivery/allocation is likely to be stonewalled. From our vantage point it appears that there is already a de facto 'holiday' involving the gold bullion banks. Slow delivery and rationing differs little from explicit default."