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

To: marek_wojna who wrote (73049)	7/8/2001 6:14:26 AM
From: Zardoz	Read Replies (1) \| Respond to of 116753

Marek_Wojna, I though hard and hard on this, hey I'll even admitt it, I've lost sleep over this: AS of today certificate cost is 411cdn. Metal is 418cdn. OK well in the 10 minutes I've been home, {just got in} I've decided that to much bull crap is spread on the GPM & KITCO to justify as to what the REAL price of gold is. Consider this. KITCO is showing some skewed data that I'd say reflects larger bars {maybe even futures related estimates} and not single ounces. Why you might ask I'd suggest this. Well.... Consider the difference prices of Gold out there. Yahoo's quote: ca.finance.yahoo.com $406.13CAD Kitco Spot: kitco.ca $265.70USD Kitco Coins: kitco.com $400.55CAD Pacific.Commerce's: pacific.commerce.ubc.ca 2001/07/04 Wed 267.98 404.91 2001/07/05 Thu 265.55 400.95 From Commerce data we can estimate Gold to be $266.45USD $405.67CAD For friday Guess what... ALL are less then the $418 metal, and the $411 Cert cost...This is why I suggest that everyone take the POG as a range +/- $3 and not really care about $2 rises and drops... The only REAL market to concern yourself with it LBMA lbma.org.uk whichs suggests $403.61 Cad.... Welcome to the world of many bid-ask seperations as well as Bar, wafers, etc prices.... None are right, all are right.I'll give you any price you want. Hutch

To: marek_wojna who wrote (73049)	7/8/2001 6:36:08 AM
From: d:oug	Read Replies (1) \| Respond to of 116753

Marek, a 1/2 yes and a 9/10 no ... at the ROYAL BANK of Canada ... ... certificate cost is 411cdn ... Metal is 418 cdn Thats about a US $5 difference. ... Manager assured me that certificate is good as gold ... to exchange for it will cost me small fee Is small fee between (418 cdn - 411cdn = )7 cdn - 20 cdn ? [not really important but may keep some awake at night :o)] ... taking logic into place, metal should be cheaper ... since it is your cost now to store it. (edit) certificates for banks may be cheaper if banks do not have to pay storage fee(s) as my dizzy example has it. These banks do not hold any physical, just sell certificates of other peoples gold. This may be the tip of the gata alleged iceberg of sleazy corrupt gold price manipulation. Imagine if the central bank of Iceland loaned out its 1,000 ounces of physical gold to a mr. crook but there was no transfer of it as mr. crook had mrs. crook cook a nice home cooked non fish meal for the man in charge of the Icelandic bullion, and alls ok since mr. crook has no intentions of later not being able to return physical gold, so this way it safety stays put in the Icelandic vault safe & sound, but officially on loan receiving a 1% interest. Seems alls ok until mr. crook takes the paper work to Bank1 and tells the bank that they can now sell it to a customer for 411cdn/ounce under undestanding customer receives a certificate only, and Bank1 only has to give mr. crook 400 cdn/ounce ratio on that sale. So Bank1 makes a little money without having to deal with any movement of physical gold, just as mr. crook also does not have to deal with that stuff. ok, just a piece of paper mr. crook has, easy to carry and easy for mr crook to go to Bank2 and do the same deal. Also easy for Bank1 to sell that 1,000 ounces again if the bank wants to break the law under conditions that not guilty until found out, and if they invest the cash obtained from customers into usa dot-com(s) they make lots of money while at the same time it appears the price of gold will always Suck. Something like fiat currency pumping out of the printing presses, the banks obtain this paper money with no value behind it and loans it out and people invest into dot-com(s) and no one is told the truth from cnn and cnbc. Same with these "extra" copies of that gold certificate, sell 100 of them eventhought only 1 actually points to the physial gold in Iceland. Bank1... Bank10 do this. So now we have your example of that physical gold being sold 100 times as certificates. Those 10 banks have the cash obtained from customers as they each obtained a certificate. Seems as if this is like a fiat money printing press action, a piece of paper with a number not in a dollar amount, but in gold ounces, and also using the same non reality logic, the value behind the paper does not really exist. Best i stop, getting dizzy thinking this way. ... certificates outnumbering metal is TRUE without any doubt. ok, but if true then unless the government does it, its illegal as Hutch says. Governments can do this using the same rules as paper fiat money printing.(hope not) I do agree with you, but overall i would suspect that if all the certificates were added up and all the physical gold available to satisfy them, including in the ground reserves, that rather than your number of 100 i will guess 2 - 3. Most likely 90% of certificates are valid, and that 10% lies with the crooks and manipulators and 1% in that 10% has your x100 oversold. (for others new to this thread, some urls) (from Jul 11, 2000, one year ago post) URLs - YouAreLabyrinthine ... When eXtra too much is just right. ---------------------------------- goldworld.net Buying physical gold and other precious metals as ingots or coins. ------------------------------------------------------------------ coloradogold.com ajpm.com tulving.com Bullion quote site. ------------------- thebulliondesk.com Quotes for Precious Metals -------------------------- crbindex.com kitco.com kitco.com kitco.com kitco.com kitco.com kitco.com kitco.com kitco.com quoteline.com usagold.com mrci.com Recent Gold News ---------------- newsnow.co.uk Topic=... foreign exchanges & overseas markets ------------------------------------ quote.yahoo.com - foreign exchanges wwfn.com - overseas markets Chicago Board Options --------------------- cboe.com CNN Transcripts --------------- cnn.com What is e-gold. --------------- e-gold.com XAU --- chart.yahoo.com^XAU ichart.yahoo.com^xau quote.yahoo.com^XAU&d=1d quote.yahoo.com^XAU&d=5ys quote.yahoo.com^xau members.home.net euro ---- tfc-charts.w2d.com phlx.com digisys.net crbindex.com dollars, euros, $Index, Canadain $ v Australian $, us vs aussie gold -------------------------------------------------------------------- gold.org charts.quotewatch.com pacific.commerce.ubc.ca coinconnoisseur.com the-privateer.com ASX - Austrialian Exchange -------------------------- equitycafe.com International value of national debt. ------------------------------------- brillig.com Canadian public companies. -------------------------- fin-info.com dollar chart for dollar talk ---------------------------- securitytrader.com ? --- quotes.ino.com quote.yahoo.com quote.yahoo.com the-privateer.com ===================== The Main Event - URLs ===================== http://abcn.....