Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Jackson who wrote (91293)	11/18/2002 1:05:54 AM
From: d:oug	Read Replies (2) \| Respond to of 116753

Bill, The collapse of the USSR gave Russia a lesson that they could not refuse to accept as being what it would take for Russia to be able to support a well oiled & greased military. Its that saying "Its the economy stupid." and eventhought many many years passed until Putin arrived with this lesson to put into practice, its now the future of Russia. (so) "Kiss $500 gold goodbye if the Russians become large producers of gold. Bill" Will not happen simply because attached to the Russian goal of world leadership includes a degradation of the United States, and the quickest and easiest pathway for the United States to fall is a collapse of it fiat US dollar that has no gold backing and has no ability to back it with physical gold since the numbers on Bob's web site that point to the numbers, are inverted as in rather than have 95% reverses the United States has only 5% ownership. So, as the United States falls down because it lacks a fiat currency backed with a real value, the Russian government will allow this falling down of the US to be hard & fast by keeping off the market its supply of mined gold and let its price increase greatly as the message from Russia will be that they value gold as what creates a good & sound long lasting national money system that increases over time the value of gold as it becomes more and more obvious that nations without gold have untrustful fial currencies that over time lose value and become bad money. Also, China knows these lessons. Guess it time to review once again the pattern these past few years of which nations have been buying up gold mines and land claims. I'am not into this but heard lots of Africa's gold potential now has as ownership nations NOT the United States. Bob's site should make this an easy accounting task for both proven reserves and maybe most important, unproven but potential future sites that will supply the gold in the next years after another five or so years pass that drain out existing mines. (off) Hint & Clue that the kittyCat mine could be put into FULL production by next week if ec was willing to absorbe some investors that need to obtain a foreign ownership like Russia or China or certain Middle East nations. - ec remains as prez & ceo & chief engineer doug