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To: C Hudson who wrote (48120)	2/5/2000 5:21:00 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116753

Chris, I'd like to caution you and other readers of one immutable fact: The Bank of England wears TWO gold hats... 1) The U.K. realm's national respository for "in house-gold" gold hat 2) The repository for "other nations' gold" gold hat. While this dude Skolnick can't rant and rave all he wants about conspiracy this and $200 billion shortage that, we have NO concrete, differentiation as to which side of their golden utterances' mouth, the BoE is really speaking, i.e., the hat they are really wearing in any PAST auctions, let alone any FUTURE auction. Nor do I harbor any illusions that we (OR HE) will EVER know. Does not this thread remember that Kuwait shipped their measly 79T to LONDON to help the September POG rally crisis at the NY Fed's behest??? And any repeated reading of S's rant about BoE does NOT specify that HE knows the difference between the TWO gold hats the BoE wears in the secretive world of gold, b/c I don't think he knows either. Otherwise, he'd specify which "gold pile" he's kvetchin' about when he rants!!! Suffice it to say that our F/R turned ON the phoney phfiat Dollar presses to head off Y2k, and printed just about enough, currently ON our M-1,2,3 books acc'd to the St. Louis F/R branch responsible for tracking this printed, versus destroyed statistic, to bail out Mr. Skolnick's poor old beleagured BoE and not bat an eyelid. If any on this thread need to have a refresher course on the BoE dual hatted role in all this gold auctions crap that is just so much more noise in the gold S&D picture frankly, I'll be happy to dig up the URL/article that I posted on this very topic TO this very thread earlier last year for review. And if ANYONE thinks all that freshly printed currency is going to be destroyed, or whatever, they are sadly mistaken. It probably is just going to be refunneled through that mysterious, off the ledger Foreign Exchange Stabilization fund that first came to light when Rubin pulled it out of thin air during the Mexican crises several years back. Think about it folks, as long as we are printing it night and day, someone will hide it, spend it, swap it or shred it. It is just a fact of life. Gimme Gold, ANYDAY! O/49r

To: C Hudson who wrote (48120)	2/10/2000 1:19:00 PM
From: long-gone	Respond to of 116753

OT(?) Our "friends" in England?: Paris, Thursday, February 10, 2000 A New 'Battle of Britain' Involves Air-to-Air Missile U.S.-European Strain /A Test for Blair -------------------------------------------------------------------------------- By Tom Buerkle International Herald Tribune -------------------------------------------------------------------------------- LONDON - Ten years ago, this military contract would have been a no-brainer. Offered the choice between an existing U.S. air-to-air missile that has proved its worth in Kosovo and the Gulf or a drawing-board proposal from a European consortium, the British government almost certainly would have bought American. But Prime Minister Tony Blair has chosen to prove his European credentials by promoting closer defense cooperation with Britain's European Union partners. And so the œ1 billion ($1.6 billion) missile contract has taken on heavy political overtones. European politicians ranging from President Jacques Chirac of France and Prime Minister Massimo D'Alema of Italy to the defense ministers of Germany, Spain and Sweden have urged Mr. Blair and his government to buy the Meteor missile from a consortium led by the British-French company Matra BAe Dynamics as a means of supporting Europe's defense industry and raising its military capability. Manfred Bischoff, chief executive of DaimlerChrysler Aerospace AG, dramatized the issue last month by saying that European sovereignty itself was at stake. Not to be outdone, President Bill Clinton and Defense Secretary William Cohen have countered with intensive lobbying and an offer to share missile technology on behalf of the competing U.S. bidder, Raytheon Corp. Washington contends that trans-Atlantic cooperation is vital to reducing the technology gap between U.S. and European forces and to ensuring that the allies will be able to pull their weight in a future Kosovo-type crisis. 'Here is a way we can move forward together,' a U.S. official said, adding that it would 'enhance capabilities' of all Europeans. European and American companies have clashed over military deals before, of course. But the top-level lobbying underscores the fact that this contract, which Britain is expected to decide on by April, could affect the industry for years to come, setting a precedent either for closer trans-Atlantic cooperation or heightened competition between the U.S. and European defense industries.(cont) etherzone.com