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


To: IngotWeTrust who wrote (51838)4/22/2000 10:55:00 AM
From: long-gone  Read Replies (1) | Respond to of 116972
 
Remember how just a few months ago our officials at the CFTC said there is No conspiracy in the gold market?

Tip of the iceberg!



To: IngotWeTrust who wrote (51838)4/22/2000 1:28:00 PM
From: goldsheet  Respond to of 116972
 
> Well, the funny thing about that article on the gold fraud scheme

> Greed is greed, whether in MTB's wire room or in Dr Koop.com yes?

My take on the situation: it was greed and fraud by bad management that used precious metals as their means of operation. It reflects more on good old fashioned criminal activity than on the metals markets. We have to remember there is enough hope, fear, and greed in the precious metals markets that it makes a good target for folks to try to take advantage of metal investors (just look at all the Y2K silver bullion and bags that was sold at very high prices last year)



To: IngotWeTrust who wrote (51838)4/22/2000 3:51:00 PM
From: PaulM  Read Replies (2) | Respond to of 116972
 
What caught my eye was the U.S. Mint's comment that it needed specific performance of Handy's silver obligation, as opposed to a money award, because the commodity exchanges don't have the right grade.

I thought that was a pretty weak argument. How much would it cost to get someone to further refine COMEX/NYMEX silver? And couldn't some addition money pick up the tab for that? Also, what grade of silver does COMEX/NYMEX store? If its not .999, why is that? You'd think that the world's two or three high profile exchanges would use investment grade silver.