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Pastimes : I AM A MINDLESS ZOMBIE -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (7)	8/14/2002 3:02:11 AM
From: Lance Bredvold	Respond to of 258

The gnomes of Zurich? Geez, I'd forgotten all about them, but it's about time to trot them out for a moment in the sun also. The Hunt brothers are gone (I think). Who else controls the price of gold and keeps it in close supply? The Russians! Probably the mafia. Somebody has an inexhaustible supply which they keep dumping when the price goes up. Was it you who posted the interesting story the other day about all gold coming from outer space? I actually have what I consider a pretty interesting story about the largest gold mine in the world in the jungle just east of Belo Horizonte, Brasil--the third largest city in Brasil. 4 tons of gold came out of that underground mine each year as I recall in the early 20th century. Now part of a large iron mining area which formed the horizon for the city named for its beautiful horizon. "how 'bout that huge international conspiracy that is keeping the price of gold low ?" Lance

To: Jon Koplik who wrote (7)	8/14/2002 3:07:50 AM
From: EL KABONG!!!	Respond to of 258

Jon, how 'bout that huge international conspiracy that is keeping the price of gold low ? Though I generally don't buy into conspiracy theories, this is one that I do think has some foundation in fact. The recent price movement in gold is erratic, runs highly contrary to historical performance, and is subject to extremely wide daily swings. Someone is doing something about gold, that's for sure. Who that someone is, we don't know for sure, but when big US players stand to lose billions of dollars on gold that they borrowed from various central banks (under the impression that they could keep the price of gold permanently contained) and those losses threaten to bankrupt the entire global monetary systems, then one can make an educated guess as to who might have an interest in keeping the lid on the price of gold. Disclosure: I currently own no gold stock, no precious metals, nor do I have any intention of rushing out tomorrow to buy some... KJC