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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (83516)	3/20/2002 10:50:39 AM
From: Ahda	Read Replies (2) \| Respond to of 116759

Hutch it appears to me we are deceiving ourselves in regards to inflation. In LA property has risen 21 percent this year. Wages have not risen in business that do not have a union representative. Wages have risen mostly by force here which means that the minimum wage laws here have forced increase on the lower scale as well as unions have on the moderate end. The increases are not in the 21 percent category and numerous companies have totally halted middle level employees raises. Somehow in this non bustling environment houses are still going up. In Japan numerous people are paying mortgage payments on houses that are overvalued by forty percent they do so as this debt is passed on to their children if they don't, so they are paying positive cash on a negative investment. This won't happen here. I lack street smarts but street smarts lack the thought process that thinks beyond survival today. The mortgage market is very lucrative but that market rests on peoples ability to pay and as Enron the loan market has to be very creative as incomes don't qualify. People are very creative, options and tech aided the boom in housing. Refinancing has solved some of the problems created by the lack of year end huge options bonus. We have however used to much creativity in accounting and I feel Enron is just an example of the accident that can happen due to the complexity of our creativity. The last property boom in California, Japans banks held a great deal of the debt. Our banks benefited by picking up loans for a fraction of the dollar value. This time around we have most of the debt, Japan does not. Now i have spurted a fountain will you kindly tell me when you feel we are in range?

To: Zardoz who wrote (83516)	3/20/2002 12:15:52 PM
From: E. Charters	Read Replies (1) \| Respond to of 116759

So BOL and Comex do not make money front running and monopolizing the price of gold to a low level? It's the spread stupid? List we know who runs these little cartels. the LME was a cartel that fixed metal commodities and the BOL/COMEX are the same thing. What's the difference? They don't want transparancy because their clients are governments who want to jiggle the price of gold to hide inflation. This is the old FDR trick. "Yaass. yass, we buy off the mines for a higher price, and let them produce, but we put the redemption of gold at a lower price, to make the dollar look strong. Yaas.. we are the biggest consumer, so we are not to buy these shoddies from those bandits in Europe at their rates, no sir.. And just so there is no run on the bank for gold, we make the possession of gold a crime. Yass, yasss, we don't want people smokin' gold in our red-blooded backyard!" Makes the Argentinian ladrones bancos look like pikers. We know they set the price and we know the Italians follow with glee as they make more money on a low gold price. Why pay more for raw materials? This explains why the jewelers are over here trying to buy raw gold at low prices direct as they want a long term supply and they no longer want to buy forward lots from the usual thieves. It's the spread stupid. The real question is what would happen if they sold gold in an open market through brokers and we cut the banks out. They only buy and sell and hold 5% to ten% of the gold anyway! Where would gold go? My guess is that it would float up. If they outlawed derivatives, it would float up for sure. Automatically you would get about 50% fewer gold sales as most gold is sold to buy producers gold forward and that gold is all borrowed of the central bankers friends. i.e. Mr. Rothschild's group. So what are Mr. Rothschilds stupid friends doing? They scorn gold? Why, uhhh not really. Mr Munk and Mr. Friedland are looking for it like demons possessed. I know some people scratched their bone cages as to why MR. O.T. posted a thing about MONGOLIAN GOLD-COPPER FIND. But who exactly is drilling? Is it a poor blamed fool of a CDN gold hound, or is it the SOUTH AFRICAN GOLD MONOPOLY with ROTHSCHILD FUNDING? (Dutch Shell et lubrious al) And if it is these latter power persons, why they drill for stuff, if so low price that selling pencils on Wall street is better deal? Who found the Canadian diamonds? I dunno. Maybe Fipke. I think it was Bill Dollar. Bill Dollar knows not to be afraid of a few moons of dilithium here and there. It will all work out, he winks. Best geologist I ever met. And he knows pixie dust. EC<:-}