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To: russet who wrote (46097)	12/17/1999 5:01:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116836

No, I too agree all would be better if the Central banks now had no gold. Truth is, we do not know if the Central Banks do, or do not currently hold gold. We also do not know how much is held by the bullion banks in support of thei gold loans. What I believe is, we must have a fuill inventory and audir of all US gold reserves. As we have banking agreements with other Central Banks, those should also undergo a like inventory & audit at the same time. These audits have been requested for over 40 years now. As some of the bullion banks are Federally Insured, they should be audited also. If someone is swimming naked with the help of the US tax payer, we can demand knowledge of these actions. Now, there has been something "funny" that has gone on between GS & the BOE. As the banking arm of GS is Federally Insured, is it anywhere near correct they should operate their bets with knowledge not available to all investors? A more open market. Free of manipulation. That is what is needed.

To: russet who wrote (46097)	12/17/1999 5:06:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116836

ps, there is no bullion bank involved in the many other commodities of which you speak. btw, why did the IMF refuse to answer any questions (even of US Senators) concerning unfit trading actions by the directors, just prior to the announcement of the "retirement" of Comdeaus(sp)

To: russet who wrote (46097)	12/17/1999 5:50:00 PM
From: Cascade Berry	Respond to of 116836

russet...you are absolutely right. "That gold is for trading, not investing" - that is my motto...buy it before it goes up a bit, and sell it before it goes down a bit. Somewhere the humanoid aliens are trading a weird green metal. Trying to take $100 per oz. out of it is a rube's game. $10 per oz is about 20% on Barrick. More on the calls. That is much easier. It is like trading Pokemon, as far as that goes (maybe as much fun).

To: russet who wrote (46097)	12/18/1999 6:57:00 PM
From: Alan Whirlwind	Respond to of 116836

"I of course, expect to be raked over the bullchit coals for the above paragraphs." Humbug! You expect us to provide the likes of you extra coals just for the convenience of raking you over? That would be a fine excuse to rob posters here every 25th of December.

To: russet who wrote (46097)	12/18/1999 11:03:00 PM
From: Terry Swift	Read Replies (1) \| Respond to of 116836

Talk about bullchit! Let me guess... you're invested in solid brick and mortar blue chips like China.com and other trees that grow to the sky. Politicians and gold have never liked each other. Gold has been money for thousands of years and it can't be inflated. However, our modern day governments have found the next best thing... create paper that is supposed to represent gold. Now, that is something that can be manipulated so, of course, they are. That is precisely what they are doing, whether or not you choose to recognize it for what it is. Of course, this game of musical chairs can't go on forever. When settlement day comes (and it inevitably will) the music will stop, and it will become clear to everyone that there is not enough physical gold in the market to settle. Settlement will have to made in more paper, which will by then be in great supply but not much demand.