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

To: Enigma who wrote (54967)	6/23/2000 9:53:00 AM
From: Hawkmoon	Read Replies (4) \| Respond to of 116753

Enigma, Assuming that the physical gold has not actually been leased, but only a paper proxy created that is interest bearing, the purchaser of said Fiat gold certificate could buy the gold outright from the CB and drastically increase the supply of physical gold on the market. All the conspiratorialists curiously overlook the outright distortion of the gold market that occurs when there is monopoly control of the commodity, as we see from the holdings of the Central Banks/Treasuries. Some of these banks obviously enter into agreements with other bullion banks so that they can derive some measure of income off of their gold holdings, BUT ALSO, for the purpose of creating PAPER GOLD, in order to indirectly manage the price of gold against their own currencies. This is really pretty stupid on their part, as they are walking with one leg in the past, and one in the present/future, and can't quite bring themselves to sell all of their gold. Currency values based upon the perceived strength of the economies backing them is the more rational system, as it rewards/punishes bad economic policies and attracts capital to those economies that prosper. On the other hand, the gold standard dictated that economic growth could only occur if more gold was discovered, seized, or revalued upward. And it unjustly rewarded those economies that, while possessing large gold resources due to geology, pursued poor economic policies as a result of such "natural wealth". The clearest example would be Spain after the conquest of the Americas. I personally believe that all of the gold that is supposed to be in Ft. Knox, is still there, despite Richard and Dougie's X-file beliefs to the contrary. They can't prove it isn't there, can they? While, on my side of the argument, if it had disappeared, I think that such a secret would be hard to keep. In fact, I would tend to believe that such a secret would have required the gold to be move to Groom Lake, Nev, aka: Area 51. Regards, Ron