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

To: Graystone who wrote (91198)	11/15/2002 4:30:27 AM
From: E. Charters	Respond to of 116922

Greyrocks. I think you are being overly critiquael of AK$7. His thesis is basic. They are controlling gold. So what is new? Roosevelt did not? The LBMA does not exist? The interesting factor about GATA's assertions they will not say exactly who they is. They will not come out and be virulently anti-Irish. (Everyone knows the Irish are buying and selling gold just to line their own pockets. They stick together like sh**d to a blankie and are as cheap as Lepercons.) This is their secret. It's a knudge knudge, whink, whink sort of thing. You cannot come out and say "Its those damned california Mc's in cavorts with the MI complex and the freebooting militarist euro bouncers in the kraut bundistag hording dot com paper and giving gold to the 'rabs for oil." You know you will never prove it. It's all tied up in govmint slush finds and secret cabinet meetings. If they let gold go high in order to pay for oil, it will benefit the receiver not the buyor. The only industry govmint is interest in is progresso-techno which makes no money at all but builds keen missiles the better to perfect statecraft, and oil, as it pays good taxes and you can use it as a political weapon. Mining and manufacturing is stone axe stuff, better left to hard workers in far off lands. Tilting at windmills? Or running windmills and letting people tilt at you. Your choice. eC<:-}

To: Graystone who wrote (91198)	11/15/2002 7:37:10 AM
From: d:oug	Read Replies (3) \| Respond to of 116922

I am very glad you understand. (no) All i understand is that i know enough of which needs to be understood. Using that called a question disguised as an opinion (aka) a guess i have place possibly hidden physical gold activity that will satisfy a need between enemies such that they agree to work together under the understanding that each side thinks that the other side undermines their health. . Topic is physical gold, the selling and buying. Time period most active here is last 5-10-20 years. Sides are the United States and China. . The United States wants to trash physical gold so that worldwide it is knowned NOT as money or store of value or hedge against times when fiat currencies become bad money. Now take into the Bob Johnson account of numbers that tell us each year these past 5-10-20 years, the amount of physical gold needed for jewerly, industry, coins and whatever that requires a delivery of the physical is xyz tonnes per year average, and each year that amount is mined and recycled such that the supply side is always able to satisfy the demand such that these past too many gold bug years the price under $290 ruled. Lets bring in Zeev's awareness to echo Fed Greenspam "told u so" that Central Banks will make sure the supply always feeds demand so that at no time will there be a shortage and push up the gold price. The glue that holds this all together is that the USSR collapsed leaving the United States most powerful having no contest with any other nations in military might and the US dollar. All this is old news to all here, and the fact that the powers that be in the US knew that to keep the US top dog forever required that the US dollar remain number one no matter how bad shape it became, just so that all currencies in all nations remained fiat and were seened as more bad & corrupted that the bad & corrupted sick US dollar. Now we need that leap of faith like religion where physical gold can be used as the only money real enough such that it can not be anything except true & honest a.k.a. physical gold cannot sin like fiat paper money can lie about its worth using them printing presses. So the US trashed the gold price keeping it under $290 "forever" with the expectation that it would become that useless barbaric relic. (oops) China saw this 5-10-20 years ago and knew that the foundation of the "forever" strong US dollar required as stated above, all nations have fiat without any backing, and no matter how bad or poorly managed or created the US dollar was, other were in worst shape so that as dominos fall hitting each other until them all fiat currencies go belly-up, the US dollar will still be the most powerful. (now) Here is my guess that tells why Bob Johnson's numbers are false. The Chinese government sees the gold price under $290 at the low end for where it can be, know that even if it went lower that they look long term into the future and know gold is good to have. So the Chinese know that if they start a long term in 5-10-20 years of buying that gold under $290 that they could each year double the amount needed on the demand side, and this would drive up the price, and that was not good for them. But they realized that the United States was to trash gold for 5-10-20 years and did not want the demand greater than the supply. Also, the US did not want any trend or nation saying gold was money and a store of wealth. So the United States and China made a deal, in secret under the table the Central Banks that the United States could pressure enough would be the supply for the China demand. If so, then knowing that the amount of physical gold that exist above ground is not really an over-reach for the US or Russia or China to buy "it all" just so that they could purchase it all for under $290, piece of cake except to do so would push up the price. But in this possibility China bought all it wanted these last 5-10-20 years under $290. If so then the question is how much, or better yet comparied to the Bob Johnson yearly gold supply number was it a fraction of that or equal to that or more, and if more then the central Banks that Zeev says have enough to satisfy any increased demand would be correct only if the amount China bought was a small amount, but if not and China's wealth might be used to buy big time, and if so, the amount leaving Central Banks these last 5-10-20 years might be huge amounts, not tiny using Bob Johnson's numbers. . But then i no got the numbers and don't really care what they are since all i need to know is that what i speculate could have happened. . If so then the United States will lose the game and China will win if the US dollar collapses and China and others have gold backed currencies. I do admit that the US dollar will still remain king based on it being out there in the world in massive amounts, but over time currencies gold backed, the good money, drives out the bad money. And if the United States really replaced it physical gold with paper gold, then oopsie the US fiat dollar will have to be used to purchase that physical gold on the open market that China may sell some at $25,000.00 an ounce. . No GATA talk here, just a simple what if thats possible using the forever always condition that government leaders suck. doug