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

To: Richard Mazzarella who wrote (52409)	5/7/2000 7:57:00 PM
From: d:oug	Respond to of 116815

<<How many times can the same physical metal[gold] be lent out?>> Richard, I was going to reply with the following, How many times can the Brooklyn Bridge be sold? but then realized that I do not understand past posts that mentioned that the storage of a large amount of physical gold has both security and weight transport problems. Also my lack of what lending physical gold really accomplishes, as in a simple example, if you buy a brand new bulldozer for $75,000 and lend it out at a rate of $500 per day without any restrictions preventing this change of possession of the actual bulldozer from another physical exchange of possession. So as the physical bulldozer can move from one person to another, the physical gold seems to reside at one location and it's use, the physical gold, seems to take on the characteristics of that which represents a worth to support buying another type of investment. Almost as if I lent you paper money $75,000 at x% but it never left my savings bank account, and you used a piece of paper saying that you have $75,000 not in your physcial possession like your bank account, but another's, and on and on .... and in the end it seem quite a mess. No? Or maybe it just shows that ones like I should not try and invest into physical gold without help from Hutch or Rarebird or Richard... But then, as with the Brooklyn Bridge, those who have physical gold to sell in the form of paper only do so with folks like I who are not up to speed with the ins and outs of the gold market. And ofcourse most are clueless, 99.99%, and introduce rates of returns better than others selling gold, the honest ones, and its too "good" to pass up. But then paper gold or paper shares in dot com companies seems to have something in commom. Doug