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To: goldsheet who wrote (88441)7/30/2002 9:20:44 PM
From: Timothy Liu  Respond to of 116764
 
Here is interesting backgrounder of 'the disc'.

'It won't technically be legal tender, and legal to own, until the Director of the U.S. Mint signs documents after the auction'

cnn.com



To: goldsheet who wrote (88441)7/31/2002 12:16:26 PM
From: IngotWeTrust  Respond to of 116764
 
THANKS, Bob J. 2pts wrt this $7.59 mil+ oz of US gold:
1) search.sothebys.com
The provenance account via Sotheby's researcher on this King Farouk 1933 coin reads like a whodunit of modern times. Yes, 9 pages of tiny print provenance, but WELLWORTH the time, for the chronicling of US Gold policy of that era, which affects so many current goldbugs, whether they are aware of this history or not.
2) This is the only modern supportive reference in my memory which has underscored the French Role in the imposition of the currently known as "gold confiscation policy" by FDR.

I mentioned this to Marek Wonka on this very thread just a few weeks back to his disbelief. It is fun to read unexpected confirmator attribution to the disgusting French's behavior via Sotheby's provenance researcher complete with specific reference to the S.S. Paris which was dispatched back to France w empty cargo hold after Premier Lavelle arrived in person and found the FED GOLD WINDOW closed on what turned out to be his last raid on the US treasury Physical Gold via the NY Fed, in satisfaction of the German's in default of WWI debts,
and the US being the second guarantor. The French broke the British Pound, and they were trying to break the US$ by their gold raiding. They succeeded humbling the Brits who have never forgiven them, and darn near succeeded here, for which I've never forgiven them for either.

This piece of history is SOOOO important to remember when folks read about German's mobilizing their gold via the lease scheme. It is truly hard to believe in light of very vibrant and vivid history of Germans, French, and USA and our gold hoards.

I do have one question for you however...
Let me know if you have a minute...it has to do with the totals of reported CB hoards...approx. 35K tonnes...

Thanks again. What a cool piece of numismatic history. $20 property fee. What a hoot!

gold_tutor