To: elmatador who wrote (34525 ) 5/31/2003 6:26:26 AM From: TobagoJack Respond to of 74559 Hello elmat, <<In the peripheral countries, they get USD to put under the mattresses to ... >> The nature of the private and official reserve game is changing and the rebellion is coalescing into the Force. We must believe in the Force, tap its energy, gain from its wisdom, get wealthy by looting along its trail of progress towards light, harmony, happiness, and global financial democracy, and enjoy the Redistribution War. An odd coalition of the willing is in formation, between the soon to be implemented gold Dinar, the ready to be widely distributed gold Panda, the now discussed gold Ruble, the announced changes of Chinese and Indian gold import regimes, and the intended and very democratic Exchange Traded Fund “GLD” in New York and already exercised ETF GOLD in Sydney. A party is announced. I am betting with the officialdom as they all deliberately want to make gold more valuable, by sponsoring the geopolitical fight against some faraway religion, and practicing wanton releasing of monetary liquidity of biblical proportions against everyone. Maurice chooses to bet against the officialdom, thinking that their effort to raise the value of gold will fail;0) Soon, I suspect, the USD-collecting central banks in Russia, India and China will see themselves in a competitive race to reallocate so as to close a perceived ‘gold gap’ in their respective reserve portfolios. This race to gold, even as the Bank of England get criticized for losing gold, and Swiss electorates wanting answers on the whereabouts of theirs, together with increasing private accumulation desire of same across all current account surplus countries, will define the birth of a new global democracy of monetary prudence, as the crowds’ psych-mood goes around a historic and secular inflection point, as they tend to at historically regular and appointed times. The arrival of the new gold democracy is now being prepared for. The entry bell announcement to the cocktail reception will either be a boom of fiat currencies, or a kaboom of a more physical nature. Elmat, get close to the buffet table, and keep the drinks close at hand. The party will start with or without us. The fateful hour of reckoning is nearer. Chugs, Jay