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To: Square_Dealings who wrote (74584)	8/7/2001 8:09:09 AM
From: long-gone	Read Replies (3) \| Respond to of 116833

<<Gold to 400+ by the end of the year if Al retires.>> You checked out who is likely to replace him & that which they have spoken on the subject? I think the "smart money" is betting on Roger Ferguson, and he, just as the person who put him there - Clinton, hates gold. His Ph.D. in economics came from Harvard. Enough said? East coast liberal banking based economics. Kelly might give the gold bug better terms of the coming sale of US gold reserves, but only better, doubtful he would do anything to stop or reduce. Meyer from M.I.T. might give the bugs an even better break.Best might be Gramlich who though coming from Yale is viewed as "old school" and has spoken about being pro-gold but quite some time ago. Real mixed bag no matter who gets the job. Then, might the bug be better off were the US sales to begin(or better yet, send each tax payer an ounce) & just let it go?

To: Square_Dealings who wrote (74584)	8/7/2001 10:50:06 AM
From: Little Joe	Read Replies (1) \| Respond to of 116833

"The next Fed chairman will not be in a position to hand out money like its growing on trees, because their wont be any left." I don't agree with the premise, but if it is true, it seems to me that that is a negative for gold. The more money the more inflation the more gold is worth -- Of course this in over the long haul as we all know. Little joe

To: Square_Dealings who wrote (74584)	8/7/2001 8:53:20 PM
From: d:oug	Read Replies (2) \| Respond to of 116833

Al Greenie to retire could be good for gold. or The next Fed chairman will not be. or The next Fed chairman could be. At the FOMC meeting, Fed Gov. Lawrence Lindsey, who is now President Bush's top economic adviser, asked Mattingly whether the use of the ESF to aid Mexico was unprecedented. "... recently dined with Larry Lindsey, Harvard trained economist, who is in the running to be the new Treasury Secretary if Bush wins." "It was a dark and gloomy full moon night while at a small dinner party he spoke with Lindsey for two hours and brought up GATA's claims to him." "The response was a general one and not gold specific." (this is not a quote, but as I understand what he said): "Certain people will go to jail as result of certain goings in recent times in the financial arena." Prophet of Economic Doom Arrives . Lawrence Lindsey Will Have President's Ear on Tax Policy. Full story >>> iht.com Friday, January 5, 2001 ... Lawrence Lindsey spent the 1990s warning of an imminent economic crunch. Consumers were spending far beyond their means... The nation depended too much on foreign lending... He saw the stock market as so wildly overvalued... The Harvard-trained economist, a former Federal Reserve Board governor... President George W. Bush named Mr. Lindsey, 46, as his White House economic adviser... role as the incoming administration's top thinker on economic matters... Mr. Lindsey was once thought of as a potential Treasury secretary, that position went to Paul O'Neill... Mr. Lindsey has not so far been assigned either of the titles normally bestowed on the administration's top economist. Mr. Lindsey developed a close relationship with Alan Greenspan and wrote a second book, "Economic Puppetmasters: Lesson From the Hall of Power," that included a rare on-the-record interview with..... ... has argued that the International Monetary Fund needs to be overhauled and that it, and the Clinton Treasury Department, were too quick to provide bailouts when emerging markets got into trouble..... Copyright © 2000 the International Herald Tribune