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

To: long-gone who wrote (72965)	7/6/2001 5:36:58 PM
From: Ahda	Read Replies (1) \| Respond to of 116762

I think we all have to come to terms that gold has a limit and that is the problem creativity is limited to hedging where as in the paper world it has been close to boundless. Thank Gawd we don't have auditors from Mars or a simple language of yes and no and rulers that are made of wood instead of the spring latch tapes we tie to our belts. Where I am terribly confused as i am seeing more and more people i know having to cut back in business costs to save somewhere. Time Warner today new lay offs and I am not hearing expansion from anyone i know but how to cut back to survive.

To: long-gone who wrote (72965)	7/6/2001 7:00:52 PM
From: marek_wojna	Read Replies (1) \| Respond to of 116762

Richard, I couldn't resist to paste a bit of Fleck. <<SEC Saddles Up Fleck's Hobbyhorse Speaking of seeing how these things work out, in today's Wall Street Journal, there is an interesting comment by SEC Enforcement Chief Richard Walker in a story called "SEC List of Accounting-Fraud Probe Grows" by Michael Schroeder. (Registration required for a two-week trial.) Mr. Walker said, "If we had nothing else to do, the accounting investigations alone could keep us busy for the next five to 10 years. . . . The size and magnitude are crushing." As regular readers know, this has long been one of my hobbyhorses. The sooner that corporate America is told to wake up, stop making up stuff and go back to real accounting, the better off we'll all be.>> When all those scams will start to see the daylight, people will realize why pure physical gold is the best investment and money. I wrote on this thread few days ago about flying rumors at Merrill LYnch. If 10% are true than GATA story (100% of it) is peanut compare to what is really in the store for us.