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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Graystone who wrote (91173)	11/14/2002 12:41:07 AM
From: d:oug	Read Replies (1) \| Respond to of 116922

Once again i must say that you have the ability to obtain very high scores on linear tests, but using my post again as the focus here, you can not provide either an answer or response to the idea i suggested as being whats important to ask about and know about in my post. Let me help you in that you need not use GATA as a reference point to know what my point was in my post. Please try again but please know that it seems that i must hold your hand before you are able to obtain the location of what will open a door.

To: Graystone who wrote (91173)	11/14/2002 2:45:23 AM
From: E. Charters	Read Replies (2) \| Respond to of 116922

70% of gold goes to jewelry. 15 % of gold goes to industry. (Electronics-- computers etc and other plating..) Only 15% is held by banks. Two of the largest consumers are India and Italy for jewelry. Italy is the largest western world jeweler. The LBMA gold paper trade exceeds the physical trade by many times, but it is not quoted or followed. The London gold fix is by the Rothschild's bank. It is a private fix based on trade of only 2500 ounces per day. It is set to suit their purposes, but it suits the purposes of Central Banks well now who wish to make money on their deposited gold and to depress the price to support currency, particularly the Euro. Most of the gold is held in central clearing houses and does not leave there ever. Much gold is held by the IMF. It is thought that most of the physical gold in the US was sold by the Nixon Administration to buy oil in the 70's as the Saudis were demanding it then. So fort knox is empty. I know that Canada holds less than 26 tons of Gold! Trust Mulrony and the liberals who have been selling it since the 70's. The Saudi gold is probably held in the US, which makes a nice hostage. I don't believe the gold carry trade is important but in countries like France and China, much gold is still in private hands and is buried, not in banks. With wavering currencies, which, judging by the interest rate must be coming soon, more gold will go to private hands. 200 tons is not much to go that way each year. (say 200 K persons putting aside $15K a year) If common people start buying gold as a hedge as they used to in the 70's the price could take off quick. EC<:-}