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

To: d:oug who wrote (53870)	6/7/2000 10:11:00 PM
From: d:oug	Respond to of 116764

As Alfred Hitchcock, the Master of Suspense would say. "Goood Evening". Vertigo, Psycho, The Birds, Strangers on a Train, Circulating the Globe at a Furious Pace... Imagine if Sir Alfred were here today, the GATA story has what it takes... ... stories through intelligent plots, witty dialogue, mystery and murder. Like Sir Alfred, Bill Murphy is hated, loved, oversimplified, over analyzed, eccentric, demanding, inventive and impassioned. [start.] (Guess which above story is presented.) Looking out my window on this dark cold gloomy afternoon work day I could see the gold leaving the New York Fed building as armed goons protected the shipment. Little did they know that one of the armed men was a Goon For Hire I planted and he already reported back to me that the gold shipment is being categorized in the trade data. Long in tooth I am, and have contacts in all the right places of Customs, Commerce, Census and New York Fed. Knowing middle management lackey personnal have a lackadaisical attitude in carrying out the wishes of the high and mightly, I decided to climb up this ladder thru intimidation. First person for I to make squeamish, a John Kohler at the Foreign Fiduciary and Financial Service Staff of the NY Fed. This is the gist of part of our conversation: "Do you not handle the paperwork for the gold transactions in and out of the Vault?" "I can't answer everything for reasons of security..." "Can't you tell me your own responsibilities or the responsibilities of your office? Do you not handle the paperwork when a foreign government instructs the Fed to physically transfer its gold to a dealer?" "Yes." "What Customs paperwork do you fill out?" "None." "Are you aware that once demonetized this is an import and should be declared as such?" [Long silence.] "Or if not demonetized, debited against current account?" "I can't tell you about our accounts for reasons of security." "I'm not asking about accounts, I'm asking about accounting! That's not security! Aren't you aware that there is a separate category in Customs for monetary gold?" [Pause.] "Yes." "And are you declaring such to Customs?" "No." "Why?" At which point Mr. Kohler excused himself, said other personnel were involved, and referred me to Susan McLaughlin, the staff director. [Later.] Report of phone conversation w/Ms. Susan McLaughlin: She knows of no Customs forms that need be filed when the Fed transfers gold. She thinks it is the responsibility of someone else, either someone at the Fed or else the recipient's responsibility. She has been on the job less than two years and has no idea who at the Fed would be responsible and did not want to help me further. At that point I pulled my trump card and told this lady that "I am having dinner with..." [To be Continued.]