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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (75785)	6/7/2002 7:21:53 AM
From: que seria	Read Replies (1) \| Respond to of 99280

Earlie: What level of risk do you see that the US gov't will, if the economy (and tax receipts) continue down: (1) order "repatriation" of physical gold to the feds; (2) forbid US citizens to own shares in foreign gold producers, or single out profits on them for a heavy tax? To me those risks are roughly proportional to how badly the USD, economy, and tax collections tank, and how desperate the feds become for scapegoats and tax revenue. But the climate that might provide cover for such banditry should be apparent in advance. I like the leverage and cyber-portability of shares, not the physical, but then I'm just trying to have a hedge.

To: Earlie who wrote (75785)	6/7/2002 8:12:11 AM
From: XenaLives	Read Replies (1) \| Respond to of 99280

"The global gold short position is enormous. Sooner or later this situation will be resolved. " Can this "resloution" be postponed for 10-20 years? If so, it will be resolved by the devaluation of gold.

To: Earlie who wrote (75785)	6/7/2002 11:47:00 AM
From: marginnayan	Read Replies (2) \| Respond to of 99280

Historically, gold does well under this scenario (deflationay). Internet technology is deflationary. In spite of this the market went crazy from 1995 to 2000. Money being printed went to stocks. And gold practically did nothing. Investors are buying gold because they no longer trust U.S financial and capital markets where you have institutionalized dishonesty, corruption, scams and cheating. Eventually these issues will be addressed, may be after public out cry. Hope it is not too late. Anyway, do you know what Micheal Burke is doing nowadays. I think he no longer posts on the thread he started.