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To: Hawkmoon who wrote (53057)	5/21/2000 4:09:00 PM
From: re3	Respond to of 116764

<<<you continue to avoid the issue of there not being enough gold around to accomplish such an objective. yeah and ?

To: Hawkmoon who wrote (53057)	5/21/2000 9:46:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116764

<<How has this changed from the times when gold and silver certificates were issued in excess of the available physical reserves. >> Then the issuing entity (a government) was the only one which was allowed to make these paper gold issues. Now, we may well have thousands of layers of paper resting upon the same long-gone gold. <<No matter how much you believe gold should fully back paper currency, you continue to avoid the issue of there not being enough gold around to accomplish such an objective.>> Here you state something not my wish. I first want an honest full inventory, random spot assay, & audit of US gold. I think asking for fully backed gold & silver certificates(not dollars or lbs. or....). A true solid audit of US resources is not out of hand! Have you not been following the antics of some of the worlds greatest audit houses in regards to conflict of interest? The terms inventory & audit have become laughable in the US but still far better than Europe. Shareholder of banks(& brokerage houses) also should get an inventory of these assets & derivative positions! Have you ever studied or worked in inventory or quality control?

To: Hawkmoon who wrote (53057)	5/21/2000 9:57:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

Yes, & one last question please. With all your genius why are you willing to allow a far greater degree of latitude in regard to the audit precious metals derivative positions of banks & governments than of the in-ground gold & silver resources of mining concerns?

To: Hawkmoon who wrote (53057)	5/22/2000 7:30:00 AM
From: long-gone	Respond to of 116764

Just how many times can one sell the same piece of property & still use it as security on a loan? Do you even recall the name Billy Sol Estes(sp?) seems he painted different ID numbers on each side of (as well as front & rear) of the same fertilizer trailer allowing for 4X the correct loan amount on the same unit. Are these the type of "accounting standards" you think the banks should enjoy? How about the 10000X they are using in the precious metals markets today? Just where should the lines be drawn?