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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (3457)	10/31/2001 2:26:31 PM
From: Roebear	Read Replies (1) \| Respond to of 36161

valutrader, Excellent answers. Maybe they ran the numbers on what those TIPS might look like in 30 years! Best Roebear

To: gold$10k who wrote (3457)	11/1/2001 12:26:25 AM
From: At_The_Ask	Read Replies (1) \| Respond to of 36161

IMO when the govt. leases gold for sale it never leaves custody of Uncle Sam. The guys who sell the leased gold as paper must later buy some other obligation of physical to "cover". I dont know any of this for fact but I have a feeling if anyone demands delivery of leased gold from uncle sam in a time of crisis they will be sorely disappointed. Another thing to keep in mind is the fact that the govt. owns over 2/3 of all land in the US. Much of this land is gold bearing. Many of the better gold producing areas are becoming "protected" as national parks/monuments and wildlife sanctuaries; no longer open to prospecting or mining by citizens or corporations. (I do a little recreational prospecting and believe me the laws are intentionally obstructionist. You cant even take a pebble from a national park.) This land in my opinion should be considered part of the federal gold reserves. If the doodoo really ever hits the fan they will begin digging it up. Environmental concerns most of which are dubious at best will be cast aside. If they had the audacity to confiscate peoples gold in recent history, and outlaw its posession by US citizens they will do it again. Although; I have heard that we used to maintain a huge reserve of physical silver for defense reasons (emergency currency I suppose) and that the whole thing has been liquidated. So maybe if they were dumb enough to sell that they could have sold the gold too.