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To: Cactus Jack who wrote (168206)	5/26/2002 6:30:41 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

An absurd sentiment, of course...more than likely, their assets are more heavily concentrated in crude oil, since they're funded by Saudi and Iraqui oil money. Shall we also confiscate all petroleum shipments, and cancel all oil trades on the COMEX? Even if the US took such measures (which would undoubtedly be perceived by the markets as panic), the markets overseas would continue to function. In all likelihood, it would have the unintended consequence of driving the POG much, much higher.<NG> I agree we will see more of this sentiment voiced down the road. Remember that private ownership of gold was banned in 1932, and nothing I've seen has shown that we're any brighter now than we were then. Also, it's a rather good reason to diversify some PM holdings into silver and PGM's (which would be much more difficult to outlaw, as they are vital industrial components).