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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: William JH who wrote (65494)	4/29/2000 12:52:00 PM
From: Roebear	Read Replies (1) \| Respond to of 95453

WilliamJH, somewhat OT, Clerk in a store was telling me about one of his customers, in the papers here, who sold the basketball he (age14 at time) got from the game where Wilt Chamberlain scored 100 points. He sold it for $550,000. Evidently, money value has become very relative? When collectibles begin to rise, that is a good real life indicator of inflation, along with housing prices, rents (up 30 out of 32 years) and of course rental cars, etc. While the interest rate increases help contain, I wonder if liquidity is still being pumped into the economy. I'll bet (w/o looking) that it is and that the Fed and Treasury have themselves in a bit of a conundrum. Not to worry, the taxpayers will bear the burden eventually, as they have always, like the S&L scandal, for the incompetence and greed of the moneychangers and taxgetters. While not legal tender, gold is one of the few, if not the only "money" that is not a debt, sentiment now is so LOW, the central banks (basically admitting manipulation) have agreed to only abuse it to a certain level, though I believe this is partly to hold in the speculators and hedge funds from getting in too much mischief. The value of gold I therefore believe, is distorted at this time by mischief, as it is a threat to a system where old basketballs are worth over half a million dollars. Sometime, when the different colored carry trades and various derivatives have to be unwound, gold may return to its true indicator status. Even a partial return to indicator status could reap a bonanza to speculators in it. One thing I like about black gold, oil, is it also something of value, similar to gold, a limited resource of which the price represents not only supply and demand but also the cost of wresting it from the ground. It's main superiorities, is that people BURN IT, and it is an essential commodity to modern life. Now, I'm going back to fresh air and sunshine. VBG Roebear

To: William JH who wrote (65494)	5/1/2000 1:14:00 AM
From: dfloydr	Respond to of 95453

OT/William JH, all those add on's .... doesn't that just burn you up! Phoenix is talking of an additional tax on cars and hotels for a football stadium that few tourists give a damn about and that even fewer residents want to pay for. We already have a bunch of hotel and car taxes a la your St. Louis experience. All these cities want facilities but then dump the cost on the poor slob from out of town who does not vote. Remember when you used to fly into LAX and get your rental car right at the baggage carousel and walk across the crosswalk to pick it up? Now it is a half hour hassle with a bus to even get to the distant car lot and then you get hammered with all these extras. In Boston a few months ago we found we could not get two Samsonite suitcases into the trunk of the Taurus we had booked. We had to upgrade to a Crown Victoria. A week later, with all their insane extras, we paid $1,000 to give that heap of absolute junk back to Hertz.