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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (9746)1/12/2002 12:26:38 AM
From: Chip McVickar  Respond to of 19219
 
michael,

Bank of England announced their selling 20 Tons of Gold next week on Wed 16.
Maybe West Point loaned that Gold to Germany for it's last sale.., who loaned it to Belgium, who then loaned it to England for it's coming sale.
Hey....! Not Bad <smile> And the USA will buy it back, having never left West Point.

In the earliest days of commerce they kept track of one's wealth with sea shells. You caught some fish or brought in some harvested rice and exchanged it for shells which allowed you to trade for other items. They agreed upon the value of the rice and then agreed to agree on something that had no value. Only today we use pieces of colored paper and agree to agree on it's value.

Enron that beautiful crucible of Greed and Hubris is what diminishes the "We Agree to Agree...."
Such gifted capitalists.
Chip



To: Square_Dealings who wrote (9746)1/12/2002 8:09:37 PM
From: yard_man  Respond to of 19219
 
don't clutter your mind with even trying to answer the question: Is gold money? Any answer is a worthless opinion and provides no insight to help you in any investment decision, IMO.

If you hold USDs and transact most of your business in them -- just ask yourself what they are worth in terms of gold and what you expect them to be worth in terms of gold going forward. Don't let the pundits embroil you in wasted pursuits.


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