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

To: Chispas who wrote (96265)	11/14/2003 3:54:21 AM
From: Pete	Respond to of 116766

going along for the ride- short usd/chf

To: Chispas who wrote (96265)	11/14/2003 6:31:37 AM
From: Zardoz	Read Replies (1) \| Respond to of 116766

George Soros funds don't perform as well as his talk... he lost just about as much as he said he made in Asia. So take his opinions or those opinions of what others say he makes with a huge doze of ant-acid.

To: Chispas who wrote (96265)	11/14/2003 8:22:24 AM
From: Chispas	Respond to of 116766

From archives of rumormillnews.com.... Posted By: lawgiver1 Date: Wednesday, 23 October 2002, 10:16 p.m. It doesn't take a rocket scientist to see that the COMEX and other international gold exchange markets are reflections of manipulation, false sales reports, and good old-fashioned price fixing. Supposedly, an ounce of gold was worth about $312 privately issued paper Federal Reserve Notes as of today. In reality, this is a scam to put the value of REAL money on a level with FAKE money. For any sceptic to my statement, I challenge you to this simple test: Take an American Gold Eagle coin of any face value denomination (or any other gold coin, such as a British Sovereign) to your local merchant and offer to pay your bill with it. My own recent test to the REAL value of gold involved an auto shop where my 4 new brakes, extensive tune-up, coolant flush, oil change, and wheel balance-rotation were to cost me $586.24 USD. I went to the cashier's window to pay my bill and laid on the counter a shiny 1999 1 oz. Gold Eagle coin as payment. According to the current market, the value of that coin is supposed to be worth about $320 FRN's. The lady cashier looked at the gold coin and couldn't take her eyes off it nor even speak! She was absolutely mesmerized and in a trance-like state, not even able to look at me! I asked her twice if she would accept real money, my gold coin, as payment for my car repairs. I finally got the reply "I'll have to check with the owner" as she picked up the telephone. Minutes later, not only did the owner of the repair shop arrive, but so did many others. The word obviously got out quickly that some guy was trying to pay for his repair bill with REAL GOLD. They all silently stared at my gold coin as if it were the holy grail. I stood back and watched while they gazed at the coin. Finally, the owner looked at me and asked if I had a credit card or cash! I told him that a Federal Reserve Note was worth only the paper it was printed on and that I always pay what I owe in REAL money. He looked at my gold Eagle again and then asked me how much it was worth. I replied that it's REAL value is whatever he and I agree it is, not what someone else says it's worth. After about 10 minutes of sitting in the waiting lounge and reading old issues of Car & Driver, I think every employee came to view the "holy grail" gold coin at the cashier's window. The owner of the repair shop finally came to me and asked if I would settle my bill with the gold coin if he paid ME $200 cash! I accepted his offer, pocketed two $100 FRN's, and drove off. I found out a few days later, from a mechanic and friend who works there, that a bidding war was going on with some of the employees, but after the Service Manager said he would pay $500 for the coin, the owner immediately offered me $200 FRN's to keep the coin for himself. Economically, I paid for a $586 repair bill with a $320 coin PLUS I pocketed an additional $200 FRN's for the exchange. In reality and REAL VALUE, all my repairs cost me only $120. Because I used REAL money to pay for the repairs, the value of my gold coin in relation to the value of the FRN was about $4.88 FRN's for each $1 of gold. If you were to apply that ratio to the fixed price of gold today at $312 FRN's, the REAL value of gold should currently be $1,522.56 FRN's. This is also not the first time I've done this. Over the past year, I've gone to many local farmer's markets with uncirculated Silver Eagle coins and received an exchange rate of up to 11:1! Of course, we're talking about vegetables here, but my point is even more important when one realises that I have bought 11 lbs. of asparagus using REAL money (silver) for the FRN price of 1 lb. If you think the price of gold or silver on the COMEX is what the REAL value is, do as I did and see how much your gold or silver coins are worth in the REAL world economy. ( In my "own world", I've shown a U.S. one ounce Gold Eagle to many people for many years. There have been two times that those people had any idea what the coin was worth. Both times it was my children. I was proud of them! )