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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (5347)	8/28/2002 11:12:26 PM
From: abuelita	Respond to of 89467

scoot Most demand forecasts for gold and silver treat them as commodities and not as real money. It is this transition from a commodity to its role as real money which will have its greatest impact in the price of the metals. This additional demand coming from the investment side is what is going to launch the metals into outer space. that's what the jackass has been saying all along. r

To: Mannie who wrote (5347)	8/29/2002 10:31:20 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

commodities might be breaking out now, hard to be definitive daily basis quotes.ino.com weekly basis showing the critical 215 level quotes.ino.com despite all the propaganda about deflationary forces undermining commodities it just aint showing itself that way pure crapp I wonder if somebody bought off Prechter probably not, he might just be honestly wrong about gold my trust is with Puplava in early 1999 he authored his stock broken bubble story in early 2001 he authored his perfect storm scenario (busted economy, busted dollar, busted stock market) / jim

To: Mannie who wrote (5347)	8/29/2002 11:22:15 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

key quote within Puplava's review: Gold in The Forecast The rise in the price of gold may be signaling this seminal event reflecting, above all else, the loss of confidence in the financial system. Moreover, contrary to recent reports that show there will be no fall-off in production of gold, the precious metals markets are in the same condition as the energy markets. The industry is not expanding its reserve base while future production is heading towards decline. I read almost nowhere in any demand forecast the impact that a rise in investment demand will have on the gold and silver markets. Most demand forecasts for gold and silver treat them as commodities and not as real money. It is this transition from a commodity to its role as real money which will have its greatest impact in the price of the metals. This additional demand coming from the investment side is what is going to launch the metals into outer space. At the moment, the price of metals is being determined like most commodity markets by derivatives. It is a market that is being manipulated by government for the benefit of government, which wants to keep confidence in paper strong with its voter constituency. The government more than anyone else knows that once confidence evaporates, it will be hard to bring back. That is why every effort is being made to keep confidence in paper high. All the tools at its disposal from monetary policy, fiscal policy to moral persuasion is being used to keep the public in paper, be that the dollar, or financial assets such as bonds or stocks. This battle of confidence being waged between the forces of paper and gold is nearing its end. There are just too many extraneous events domestically and internationally for the forces of paper to contend with, much less overcome. In summary, there are too many holes in the dike to plug to keep the forces of gold contained. There is simply too much debt, too much paper, and too much fraud in the financial world to keep gold from transitioning back to its historical role as real money.