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

To: marek_wojna who wrote (85333)	5/10/2002 11:51:21 PM
From: d:oug	Read Replies (1) \| Respond to of 116816

What's it all about, Alfie? What's going on? By Alf Field Marek, This article was created 2 weeks ago, Deutsche Bank <<German Gold "Sales"? By Alf Field April 22 2002 and i wonder what happen between April 22 and May 10(today) these 3 weeks, if the source you gave in that url i can't travel is pointing to an article published today, and if so, then it took mainstream news 3 weeks to finally get to it? If so, then Gata Bill's Cafe got it 3 days after, not 3 weeks. I'll append it here, since as you well know, its important information, but in an Alice in DunderLand manner, folks here still believe that manipulated facts & figures given out by the manipulators to places of good folks web sites so as to "laundry" lies, and like punny money, people accept it as reality. Yes, but a day will arrive when people try to use this knowledge, to advance their own well-being, and find it worthless, and that will be the Good News using The Richard of The Mazz Relativity, because once this false'ness is removed from folks they will then realize that they used it to build what is now that House of Cards. (or) What's going on? (2.5 weeks old and still brand new) SI: Gold Price Monitor From: Doug A K April 16, 2002 Central banks hold 11 years of global gold production. ####://www.businessreport.co.za/general/busrep/br_newsview.p... (or) and now, The TruTh with Silicon Investor's Readers, we have a Problem. First, anyone who thinks the type of information stored in places like Bob's represent knowledge, such as above, well NOT times the speed of light travels in a year :o) and, sure gata.org Gold Anti-Trust Action is a reaction to this unKnowledge a.k.a. anti-gold a.k.a. unfriendly to gold, yes, but really if you want the true story, then where to obtain it is an answer needed, and yes Gata Bill's Cafe has the answers, and specifically to the above it just happens to have a Grrrrr-ate reply to that garbage in above's article. Now here is the problem, as its the same old same need to read into a pay to view web site, ya'up'ness, so what to do (directed at me times three) to help me, as in pro-gold ? Guess all i can do is simply give the direction to where, the place i obtained the truth, and leave it up to anyone who feels its important to verify true or false my opinion. So, here it is, a tiny little taste only. lemetropolecafe.com The Dos Passos Table Guest Speaker Topic du Jour Alf Field April 15, 2002 GERMAN GOLD “SALES”? What’s going on? The German Central Bank has made 3 announcements... ... What is strange about these announcements? Politicians are reactive rather than proactive... ... A flight of fantasy? Allow me to...postulate a thesis that might explain this... ... may be sufficient to send some of them into insolvency. The banking group has to find some way out of the leasing transaction with the Deutsche Bundesbank, so they call on their friendly Central Banker to tell him: “Sorry mate, you have a problem.” This is banker-speak for the old adage that if you borrow $1,000 from the bank and can’t repay it, you have a problem. If you borrow $100 million from the bank and can’t repay it, the bank has a problem. In this case it is the Central Bank that has the problem. They are not going to get their gold back. The Central Bank is between a rock and a hard place. They haven’t told the German public... a large chunk of the country’s gold reserves are gone... The next step in this saga: issue some announcements to soften up the public for the... A far-fetched fantasy or a dose of reality? I leave it to your judgment. If any readers have any comments or information that they would like to pass on to the author, he can be contacted by email at: ajfield@attglobal.net Bill Murphy Chairman, Gold Anti-Trust Action gata.org and owner of above cafe d:o)ug

To: marek_wojna who wrote (85333)	5/11/2002 2:44:23 AM
From: E. Charters	Read Replies (1) \| Respond to of 116816

At the risk of beating a Tantric drum again to Resonorate the Mantra yet again, yes the Field story is "correct" in its assumption that the announcement of sale by the bank is already-sold-gold. The bank's leasing of gold was in order for the lessee to sell it, further to effect forward buys on the producer gold market. The acceptance of paper schist for gold-from-ore, is what the banks are faced with. I don't think their loaning groups are bankrupt however. In general they are well covered. This may have something to do with the rising price of gold. Would you pay back gold you had borrowed at 250 dollars if the price was 300 now and it was rising? Why not pay in equivalent specie? DotCom stock - yes, that will do. How much do you want? This paper being better than gold is quite the story isn't it? When have people believed this? Only when magic beans, tulips, swampland and dotcoms were the preferred medium of exchange. Trading specie is better than trade. So why deal in reality at all? Paper representations of it and manana always sound so much better than the ugly reality of what you get for your dollar these days. Promises can be made to shine better than the car wax. Ask any used car salesman. This all started because banks could not make money on gold by lending it. They did not pay interest on gold deposits. Can you imagine? Why not? Because they could not charge the gold as an asset with governments! Gold on deposit was not considered an asset that a government would allow for calculation of allowed debt. (How much money the banks could loan for money or wealth on hand) This is one of the primary incentives to divest gold. Paper is an allowed calculable asset in order to increase debt. Debt is where the money is made. This sort of policy is so that governments can be in the banking business with "their" money. They are creating the money supply, not the people. They deny gold's value such that they can accumulate it and use it for trade and to support the dollar. I have never seen such a lie as Roosevelts treasury notes, "Promise to Pay the Bearer 1/35 of an Ounce on Demand" And then he makes gold illegal to hold in the US. Neat trick. Yet they voted for him. We know of one solid rumour where people began to horde gold and bury it in the continental US in order to sell it later. 70 tons of it. It is supposed to remain unfound in a certain area. I get a lot of doubt on this one. I can't say I blame them, but it is documented rather well. (Not Victorio Peak) The question you have to ask yourself is who makes the notes legal tender and why? Anyone's paper debt is as good as anothers as long as it is recognized by some system of credit. The Jews could develop banking in the middle ages because their brotherhood of gold trade business and deposit formed a network of trust that allowed transfer of debt. Europeans did not form these networks as the politics of the age did not allow cross border ownership of business or charging interest by Catholics. (Can you imagine Catholics being forbidden to steal. I think it started something.) When the Kings stepped in and made the Jews' gold business and lending business, (established from about 700 AD on), a government franchise, it was shrewd move. But it led to some massive paper printings and horrendous inflation in France and Spain. England resisted it more by tying their money to sterling. EC<:-}

To: marek_wojna who wrote (85333)	5/31/2002 7:45:43 AM
From: long-gone	Read Replies (1) \| Respond to of 116816

Smell something funny here? Deutsche to Boost S.Africa Reserves in Deal-Papers Mon May 27, 6:12 AM ET By Ed Stoddard JOHANNESBURG (Reuters) - An agreement announced on Friday with South Africa's central bank will involve Deutsche Bank doing some $100 million worth of deals that will be positive for the country's foreign reserves, local newspapers said on Monday. An official at the central bank said the Reserve Bank could not comment on the reports and Deutsche could not be reached immediately for comment. South Africa's central bank and Deutsche Bank said on Friday they had reached a closed agreement related to complex offshore deals Deutsche structured last year that triggered an inquiry into the rand's 37 percent slide against the dollar in 2001. The inquiry, headed by former labor judge John Myburgh, was set up earlier this year by President Thabo Mbeki in response to allegations by business leader Kevin Wakeford that there had been dubious manipulation of the market. Wakeford's original letter to Mbeki highlighted a 350 million euro asset-swap deal set up to help fuel group Sasol refinance part of its 1.3 billion euro purchase of German utility RWE AG's Condea chemicals unit in 2001. Deutsche also arranged corporate asset swaps for packaging group Nampak and mobile operator M-Cell . The Business Report newspaper, citing unnamed sources, said that Deutsche admitted to no wrongdoing and that the bank was given an unspecified period of time to do the billion rand worth of foreign exchange boosting transactions. Business Day said that the central bank and Deutsche both believed there had been no wrongdoing and said the agreement was a symbolic gesture to settle the dispute. The central bank said in April that the initial disclosures by Deutsche Bank related to the deals were "inadequate." The probe will present its final report to Mbeki by the end of June. WORKABLE DEAL? Analysts and the local press have slammed the secrecy that surrounds the deal and question if Deutsche -- whose first priority is to its shareholders and not South Africa's Reserve Bank -- could honor such commitments as have been reported. Pointing out that Wakeford's allegations against Deutsche stemmed from a secret source, Business Day said in an editorial that "neither secret is in the public interest." "I don't know how you can call this a public hearing and in the end have a secret agreement," said S&P MMS analyst George Glynos. Analysts said Deutsche could probably only honor its reported commitment through portfolio investment or trade-related finance. "They can advise their clients to buy South African stocks or bonds...or do something related to trade-finance. Beyond that I don't think they can do very much," said PSG Investment Bank analyst Noelani King Conradie. The one billion rand sum that has been reported is also a drop in the bucket of the liquid South African economy, which has the second most traded emerging market currency after Singapore's. The commission released an interim report earlier this month but said at the time that it was premature to make any findings. Some banks and analysts have said that steps taken by the Reserve Bank to enforce existing exchange controls more strictly contributed to the rand's unprecedented slide last year as liquidity dried up, making the currency vulnerable. Other factors cited as likely to have contributed to its fall included economic disturbances in fellow emerging market Argentina and political troubles in neighboring Zimbabwe. The rand has clawed back about 15 percent of its value against the dollar so far this year, boosted by a higher gold price, an upturn in the commodity cycle and the return of emerging markets to investor favor. story.news.yahoo.com