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To: SliderOnTheBlack who wrote (93672)	8/14/2001 2:57:47 AM
From: que seria	Respond to of 95453

If Turk's investigative suppositions in that article hold up and "gain currency" re: US gov't/IMF gold shennagins, he will do more for the gold price than all GATA's rabble-rousing could hope to accomplish. If his surmise is correct, and if the dollar falls hard, I find it easy to envision Republicans agreeing with Dems that, say, US citizens can hold but can't be allowed to trade and profit from such a precious national monetary resource as gold--at least not without taxing such profits extra-hard. But it will be hard for the gov't to be an effective toll-taker for money, so outlawing gold ownership can't be ignored as a means of restoring the hoard if any large part of it has really been shipped out in swaps. Of course there may be some strong resistance to the feds seizing from citizens what they sold off/swapped for the ostensible benefit of foreigners. The "bring in your gold for the good of the nation" routine won't play so well here as it did in Thailand in 1998. This is another straw in the wind telling me that holding stocks of foreign gold producers (or wannabe producers), with excellent deposits in relatively safe places, is a safe way to profit from a rise in gold no matter what the cause and (almost) no matter what the gov't response. I'm looking to add some leverage and trading opps to my 10% junior/development gold miner stake with some long term out of the money calls on gold asset plays. Premiums for that strike me as still reasonable despite looming intermediate term gold price catalysts: asset deflation coupled with fiat pumping, a resulting US$ in peril, and the Middle East.

To: SliderOnTheBlack who wrote (93672)	8/14/2001 3:48:25 PM
From: isopatch	Respond to of 95453

Tic toc, indeed! Very interesting. Thx. "The quantities being shipped are so large, the gold must be coming from a large hoard, and the IMF has, on paper at least, one of the world’s largest. But regardless of whose it is, this gold is being shipped at a rate greater than gold is being mined each month in South Africa, the world’s largest producer. That volume of shipments smacks of desperation to get gold into the market, and the reason is clear. Because the SDR Certificate swaps have ended, a new source of gold supply is needed to keep the gold price from exploding upward."