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To: Knighty Tin who wrote (266751)	11/11/2003 2:17:05 PM
From: ild	Read Replies (2) \| Respond to of 436258

<<<trust will be holding its gold>>> The trust will be spending MY gold. -g- The trust's costs will be paid for by selling gold from the vaults. This will, over time, reduce the gold supporting each note. However, with an initial cost structure of 0.2-0.3% of NAV per annum, value attrition should be slow.

To: Knighty Tin who wrote (266751)	11/11/2003 2:56:47 PM
From: NOW	Read Replies (1) \| Respond to of 436258

Simply amazing: From Hussman: (http://www.hussmanfunds.com/wmc/wmc031110.htm) A Sun proxy the company is fighting hard: Sound like decent ethincal business folks to me.... "The elements of the proposal in Sun's proxy are summarized below: ------------------------------------------------------------------------------------------------------- • No goods produced by the company or its suppliers shall be produced by bonded labor, forced labor or within prison camps. • Wage and hour guidelines should adhere at least to those provided by China's national labor laws. • Facilities and suppliers shall prohibit the use of corporal punishment and physical, sexual or verbal abuse. • Facilities and suppliers shall use production methods that do not endanger workers safety or health. • Facilities and suppliers shall not call on police or military to enter their premises to suppress workers rights. • Employees shall have the freedom of association, assembly, of forming unions and bargaining collectively, of expression, and freedom from arbitrary arrest or detention. (This sort of clause always has to be read carefully, because sometimes human rights proposals are really mandatory unionization proposals in drag. It's completely appropriate for employees to have the right to unionize and bargain collectively, so long as a company is not prohibited from hiring non-union workers if reasonable agreements can't be negotiated. There's no mandatory unionization in this policy). • Employees shall not face discrimination on the basis of age, gender, marital status, political or religious activity, or arrest for peaceful protest. • Facilities and suppliers shall use environmentally responsible methods of production. • Facilities and suppliers shall prohibit child labor, or at a minimum comply with guidelines on minimum age for employment within China's national labor laws. (Again, this one is not as obvious as it might seem. The absence of child labor is in some sense a luxury of prosperity, and in many underdeveloped countries, child labor is a factor in the survival of the family, as it was during the early agricultural development of the United States. Even so, child labor is largely the result of the unavailability of living wages for adult workers. American companies should not allow this situation within the scope of their foreign operations). • The company will not provide products in China that can be used to commit human rights violations. • The company will issue annual statements detailing its efforts to uphold these principles. "