Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alex who wrote (48790)	2/10/2000 5:24:00 PM
From: saul mikaliukas	Read Replies (1) \| Respond to of 116764

Derivatives and allowing the financial institutions using them to police the market themselves" What a farce..financial institutions policing themselves?? Just look at what is happening all over the world with these (derivatives) Firstly, the Gold market has been devastated, the US Bond market is on the verge of collapse after today's poorly received auction, and who knows how much these derivatives have played a role in the Asian market collapses. It is a complete scam that Mr. Greenspan and friends are trying to convince the US Congress to approve. Without any regulation on the OTC derivative markets the Goldie Sach's of this world will only get fatter by leeching off of everyone else with false paper promises and risking the world economic condition for the sole benefit of the few. The derivative game was not designed for risk management but, for sucking the world economies dry and transferring the risk to the taxpayers because the institutions who use these derivatives are too big to allow them to go under..We will see how this derivative scam works out in the Gold markets..Paper or Physical that is the question? We should all contact our Congressional representatives and have them investigate what GOOD have the derivative OTC markets done for the worlds economies outside of creating Speculative Bubbles!!!! And Guess who will be holding the BAG? Joe Sixpack and friends!