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

To: goldsheet who wrote (51334)	4/12/2000 5:51:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116836

Bob, thanks for your many replies. I 1/2 agree that something like the Silver Pledge Poll to stir up silver demand and captivate people into purchasing physical silver would not work in todays environment. But lets switch the metal from silver to gold so its more on topic. First the storage problem of bulk goes away with the 280:5 cost ratio and assume the weight of silver is atleast 3/4 that of gold, so 200 to 5, or 40 to 1 lenght-weith-height reduction if one buys gold rather than silver. You are correct that buying shares in mining companies is another option or a substitude for physical, but maybe the point of the pledge is to cause increased demand in the metals with a physical delivery, causing the possible big amount of shots out there to get burned. No way will a large number of folks in mainstream land buy shares in gold mine companies, but they would buy physical if as I noted before it was easy and upfront as in a WalMart. Guess the whole point of the pledge is to cause those papers that represent physical to come home and be counted. Will be lots of MIAs maybe. Silver & gold mining stocks are the practical way to go for those like you and the others on this thread that understand what the situation is and possibles that may happen. That saying, "Better a year early than a day late." But you and the rest on this thread do have almost an hour by hour watch of events, so you all could quickly buy shares just as they explode after another explosion causes the prices of physical to explode. I think its time for Bill Murphy to spend a little time away from the cafe and go to the gata.org site and do like the Silver Pledge Poll web site into a gold one. To me an interesting link there on how the shorts will not get burned if the price explodes upwards and stays there. Rent A Safe ... what will also matter is what form you bought it in. If you bought silver in paper or certificate form, and your counterparty can't honor the transaction because they don't have real silver backing it up, you will have a problem. With billions of ounces of paper contracts and bank certificates of silver outstanding, I would imagine the vast majority to be a problem, as there are not billions of ounces of real silver backing them up. Just this past week, it was revealed that Handy & Harman, the largest silver refiner in the world, declared Chapter 11..... ... if you had physical silver on deposit with them, you now have a problem. ... if one of the most respected names in the precious metals world, Handy & Harman, can announce out of the blue, that it is bankrupt and cannot honor its obligations - who can be trusted? If the largest silver refiner can't meet its silver obligations, do you think a bank or insurance company can? In fact, the Handy & Harman bankruptcy will serve as the model for the resolution of the great silver manipulation. It's so simple. Crooked shorts sell uneconomic quantities of silver that they can't deliver on, driving down the price for years and years, amassing obscene profits. Then, when the moment of truth arrives, they declare bankruptcy and walk away from their obligations. It is the perfect scam. What can you do about it? Hold your own silver. Yeah, I know, it's cumbersome and logistically difficult to deal in physical silver. It's so much easier to make a phone call and own paper silver. The irony of ironies is that silver is so cheap, that you actually get too much for your money. It's hard to handle the sheer bulk. Life's tough. But before you make the easy choice and make that phone call, for paper silver, ask yourself this - if they had it to do over again, would the silver creditors of Handy & Harman do it the easy way? Ted Butler April 4, 2000 info@butlerresearch.com (off topic) - A way to store your own physical gold & silver at home. Armor Safes - Yes, but there is a problem. = weight & size If you checked out armored safes for the home then you will notice that not only do they arrive at your door step as a single piece but heavy needed a dozen folks and equipment and also a big wide door to enter including the remaining doors to destination site. Me, I like to be able to not only not have those problems, and still obtain a first class armor safe, but after it is placed into a place like a cellar, I want the ability to move it to another location without having to call Superman. zanottiarmorsafes.com Zanotti Armor Safes have set new standards for gun safes. Pound for pound, ZANOTTI ARMOR "INTERLOCKING" gun safes are the strongest and highest quality on the market today! The "INTERLOCKING" design enables the user to easily move and install their safe anywhere!