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

To: IngotWeTrust who wrote (51816)	4/21/2000 3:43:00 PM
From: Rarebird	Respond to of 116972

If you read my entire post carefully, you will see that I answered your question: I think the policies of the G7 and CB's is akin to what took place in the 1927-1929 period and that it is doomed to fail. I could elaborate further but I'm at work now. I'll elaborate further later tonight or tomorrow.

To: IngotWeTrust who wrote (51816)	4/22/2000 1:07:00 AM
From: Rarebird	Read Replies (3) \| Respond to of 116972

Before I elaborate further on my previous post, I want to tell you that I don't patronize anyone. I try to be nice, especially on a thread like this where people have suffered for years. But I can easily play hardball too, if I need to. It's more manly IMO to go on the attack when an investor/trader is in the black. The question here is: Do we have a gold market that is in the process of dying, disappearing, acting out it's final scene, or are we watching a replay of a previously failed attempt at suppressing a gold price. An attempt to go off a gold standard, while you still hold gold as a reserve component, is somewhat of a contradiction in terms. I think we have a market that is, as a result of the activities of it's leading participants (the major bullion banks) becoming distressed. Distressed to the point that "they" will go to any lengths to try to keep the price from rising while they rush to cover their obligations. Obligations that see them delivering physical metal back to the parties they have leased/borrowed/conned it from and sold into the market ? Could the statement made by AG in the summer of 98 refer to this possibility, after all who could upset the gold market (and create volatility) other than the bullion dealers themselves. Perhaps certain CB's have something to answer to, in this regard. I know where GATA is coming from and why it was formed. There is an interesting fact that is often overlooked here and I think Enigma brought this out before: The BOE between 1965 and 1971 reduced its gold holdings from 2012 tonnes to 690 tonnes, over two thirds of its gold reserves, at a market bottom (US$35 per ounce, prior to a ten year move to US$850) and it certainly seems determined to achieve this result again. Now ole49er, although I have a Highfalutin Ph.D. and never get my hands as black as yours during the day ( my Spirit and Mind gets real dark and black during the day), trying to convince me that gold is worthless is a stunt that has been pulled before, repeatedly over many years, always by the same group of people, always for the same reasons. They have never succeeded yet and it is unlikely that this time will be any different. You can refer to them as G7, the CB fiat boys or whatever you like.