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To: Crimson Ghost who wrote (93377)	8/9/2001 3:58:49 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Agree. But even if every CB ingot were put out to lease. It will make absolutely no difference IF the pumpster continues to red line the printing presses creating a tidal wave of dollars the likes of which haven't been seen in over 20 years!! Simply supply and demand. Let's see which supply overwhelms the other: CB leased gold or... Mountains of the pumpster's confetti.<lol> Todays investor/trader and even the average W.S.er is STILL completely unprepared, or in denial about the cyclical bull market in gold that's already begun. There are 2 very simple reasons: 1. Only tiny fraction of those active in the markets today were around in the 1970s. And sad to say, it's become obvious to me that only a fraction of them learned the lessons of that era AND were alert enough to recognize MONTHS AGO that a cyclical gold bull was arriving. 2. An equally small %age recent market mavens have shown the talent and research savvy to put the pieces together on their own. Readers of this thread should feel fortunate that a small number who fall into one of the above 2 catagories is actively contributing to this thread. Be sure to post how much money we've helped you all lurkers out there make. Iso just luvs success stories!<g> Cheers to all, Isopatch

To: Crimson Ghost who wrote (93377)	8/9/2001 7:32:57 PM
From: SliderOnTheBlack	Respond to of 95453

re: ["POG up 5 bucks. But probably would be up 10-15 bucks if not for CBs and the IMF flooding the market with bullion for lease at 1% or less."] George; while no one is on a true gold standard monetarially; we all know what would happen to the US Dollar, the French Franc, or the Deutsche Mark etc - if any one of them announced that they had sold "all of their CB gold"... but leasing it at 1%, or ala the BOE - auctioning it off to the lowest bidder in pre-scheduled over-subscribed events... isn't a problem (VBG)? What would happen to Fannie Mae, or Freddie Mac; if they did what the various CB's are doing with gold ? CB's issue paper (fiat currencies)backed at least partially by gold held in their CB's as collateral. Fannie & Freddie issue paper (mortgages/mortgage backed securities) backed by homes & land as collateral. ... so what would happen in the marketplace to Fannie & Freddie if they leased out the 1st lien position rights to their homes & land backing their "paper" for 1% ? ...obviously that's a rhetorical question & we all know what would happen...but; yet the CB's are doing just that... Anyone else feel that sooner, or later - we're going to have a crisis that all the Kings horses and all the Kings men,just aint going to be able to put back together again ?