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

To: Hawkmoon who wrote (62288)	12/27/2000 8:34:42 PM
From: long-gone	Respond to of 116762

<<They say it's there. Someone has to sign off on the paperwork whenever they report US reserve assets. >> I would far rather you addressed the US portion of IMF gold reserves as I did. With NO audit of IMF / World Bank assets one can bet something fowl is afoot. <<What you are attempting to do is synonymous with Jed Clampett constantly wanting to physically see the $40 Million in cash he had deposited in Drysdale's bank, not realizing that 'ol Milburn has $400 million in loans outstanding against that deposited reserve.>> Hardly. The law states..... <<Personally, I certainly HOPE they have loaned out the gold, either physically, or by proxy. I think it's a damn shame we're spending so much money warehousing and guarding it at taxpayer expense without deriving some revenue from it.>> Wouldn't you be even more angry they are spending money on the "show" of warehousing & guarding when it ain't even there? Wouldn't the American investing public who have been told all these years it is there have recourse were it not there? Then if they have loaned gold reserves out, while stating the inverse, would that not be the subsidy you hate for miners being given(& worse under the table) to bankers?