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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (3111)	10/1/2003 11:04:14 AM
From: RJ2	Respond to of 37286

Yeh he bought 100 million ounces or so, also Bill gates of microsoft is locked and loaded in the silver market. Went to the Post Office the other day and you can buy a Canadian Silver dollar for $30.00 plus tax, darn thing bearly weighs an ounce, figure that. Then i went over to the metal exchange where they will give you $5.10 US for an ounce of scrap and they said they can't keep any of the stuff, its sold faster than they can get it. So with a spread like that, its only obvious silver is heading higher from here, I still can't figure how the Mint can charge so much more fiat paper for something that is abundant in their vaults. Maybe the vaults are empty and the Candian people have been backdoored similar to the 200,000 ounces we hold our closet now. 1 cubic foot of Gold weighs approx. 1200 lbs divide by 16 ounces a tonne equals 19,200 ounces. 200,000 ounces of Gold divided by 19,200 equals 10.42 cubic feet of Gold in the closet. So we widdled our national wealth down to 10.42 cubic feet of Gold, they can store that amount just about anywhere in this country easily. Who needs a vault when you could put it in the The Royal Ottawa Museum with the inscription, "Gold gone way of the doughDough bird, Fiat and electronic transactions is all we need for our financial security" Away for now this all too fustrating to even figure out the logic of muddleheaded policicos and econs.