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

To: long-gone who wrote (57842)	9/3/2000 11:56:02 AM
From: lorne	Read Replies (1) \| Respond to of 116762

Richard. Need to make a loan, check out the collateral required :-) LOANS FOR SERIOUS PROJECTS- $10 MILLION MIN. (2000/08/23) Loan applications for serious & qualified projects worldwide is welcomed- Minimum loan amount is from US$10 million to $10 Billion ($100 Million and above preferred). Project owners from all part of the World, including developing and emerging countries are particularly encouraged to contact us. Only serious projects with excellent business plans will be considered. PLEASE NOTE THAT IN ALL CASES THE BORROWER MUST HAVE ACCEPTABLE COLLATERAL TO SECURE THE FUNDING. Terms and conditions generally are equal to or better than major banks. The stronger the collateral and project the better the terms and conditions. In some cases, proof of 20% cash as security deposit or 20% bank guarantee would be a sufficient collateral, provided the minimum loan amount is $50M. Examples of acceptable collateral are bank guarantees from top European and Western Banks, US and other Government bonds, cash deposits, Letters of Credit, Promissory Notes from major corporations, blue chip stocks, current GBC (Gold Bullion Deposits), appraised jewelry etc. Basically the collateral must have a tangible, bankable value. You can check with us for acceptability on an individual basis and full details on how to proceed at Fax: 41-91-945-3319 or e-mail: sunfean@bluewin.ch NAME:Sunny NwogorCOMPANY:Sunfean ServicesEMAIL:sunfean@bluewin.ch WWW:sites.netscape.net/sunfean PHONE:41-91-945-3222PHONE2:41-91-945-3294FAX:41-91-945-3319COUNTRY:Switzerland centraleurope.com

To: long-gone who wrote (57842)	9/3/2000 1:09:47 PM
From: Bob Dobbs	Read Replies (4) \| Respond to of 116762

Richard: That was an excellent post. Bob

To: long-gone who wrote (57842)	9/3/2000 2:12:17 PM
From: Rarebird	Read Replies (2) \| Respond to of 116762

<You have written , here-in, that it is not outside the law for the shorts to maintain a short position or use the power of their recommendation to prevent investment in precious metals> Excuse me, Richard, but I never endorsed a position where "the shorts... use the power of their recommendation to prevent investment in precious metals." In contrast to you, I don't think the power of "the shorts" extends that far. My understanding of Gold is that it has always been a method for saving value when local currency was losing value. If other investments were valued in the depreciating currency, allocating a portion to gold assets was similar to a financial insurance policy. There are reasons to invest in Gold and reasons not to invest in Gold at the present time. Reasons Not To Invest In Gold: 1)Gold has been going mostly down since 1980. 2)Central banks have tons of bullion which they threaten to sell at any time. 3)Gold funds have been a major loser on Wall Street for years. 4)The commercials cover their long positions in the future's market on any short term rally and go short, and they must know what they're doing. 5)The timing is wrong. Reasons To Invest in Gold 1)The price of gold is near a 20 year low and is historically dirt cheap. 2)Once the price of gold starts to rise, central banks will not want to sell cheaply. 3)Several gold funds recently hit yearly lows and individual gold stocks are bouncing off their lows. 4)The short position held by hedge funds may eventually produce an unmatched explosion to the upside. 5)With the recent devaluation of many international currencies, the U.S. dollar has become the international safe haven of last resort and may continue to record trade deficits well into the future, eventually resulting in higher gold prices. 6)There are over One Trillion dollars ($1,000,000,000,000) of U.S. debt owned by foreigners which could be repatriated under certain conditions. This could cause a major decline in the value of the dollar and a soaring gold price. The list here is not meant to be all-inclusive. I welcome you or anyone else to add to the list or criticize the reasons I have set forth. I don't see any short term rally in Gold that may come about in September as being sustainable. I see the US Dollar Index hitting new highs in October, which is not good for Gold. I think what Greenspan does or doesn't do after the election will be most crucial to Gold's fortunes. PS I would appreciate it if you do not misrepresent my position in the future.