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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (50049)4/15/2002 11:08:18 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
I hope gold/silver stays flatline all thru 2002, into 2003
reading more about the metals leasing system
"rotten to the core" so says Ted Butler

it essentially regulates the price of gold and silver
regardless of supplies
leases result in sales by second party routinely
replaced with an IOU in form of short PM futures contract
the the consumed metal shows up on lessor's books !!!
including the gold accounting books of the Federal Reserve !!!

hey Fed: MEET ENRON

so we have a federally regulated system that will determine the price of the metals until we run out of above ground supplies

the longer the flatline exists, the more above ground supply will be depleted
e.g. China and its 1200 tons silver
unquestioned leasing system will deplete all available supply

the USMint is empty
Handy & Harmon (silver refiners) are bankrupt
Comex silver supply quantities are now seriously questioned
annual deficit is about 30-35% of annual demand
many people's vaulted silver has been leased and sold

this insane system controls shipments to buyers and sellers via a leasing interest rate
the Fed has replaced the precious metals supply & demand system of pricing with a regulated system that resembles the Federal Reserve banking system
nobody seems to mind
nobody will likely mind until the world is out of silver

the leasing system will prevail until the supply is gone
investment opportunity of a generation
Buffet agrees
/ jim