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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (68156)8/27/2005 3:00:27 AM
From: shades  Respond to of 74559
 
Jay, you are still buying (literally) into that silly meme that when/if the crunch comes you will have the WILLPOWER to keep keyser soze from ripping your guts out if he wants your gold - I don't get it.

Mish posted this - how are you supposed to get your GOLD EAGLES back when the man with AR15 assult rifle toting snipers wearing police badges takes your gold coins away?? Its all an illusion General, they don't really need the coins or the metal, they just need the power and control. Your grandpa could have had 1000000000 gold coins, he still went to jail 2 times and the lice ridden assassins didn't kill him. Did he get rid of the lice and they spare his life? Why didnt those 5 assassins in jail eat him for breakfast - why let him live - he didnt pay them off with gold coins.

kyw1060.com

Family Says US Mint Improperly Seized Their Priceless Gold Coins

by KYW's Tony Hanson
A court fight is brewing over some priceless $20 "double eagle" gold pieces found among the belongings of a Philadelphia jeweler who died over a decade ago.

The coins have been seized by the US government and the jeweler's family is threatening a lawsuit.

One 1933 double eagle sold at auction for over $7½ million in 2002.

Barry Berke, the attorney for the family of the late jeweler Israel Switt, says the family took the 10 double eagles to the US Mint to determine their authenticity.

But, Berke says, the mint decided to seize the coins, claiming they were taken from the mint in an "unlawful manner" more than 70 years ago:

"Not only is it unprecedented for the government to take a private citizen's property without taking a forfeiture action, but we believe there is no basis to seek forfeiture of these coins."

Berke would not comment on how Switt obtained the coins, but in a letter to the mint he said the government will not be able to show how the double eagles left the mint over 70 years ago.



To: TobagoJack who wrote (68156)8/27/2005 10:08:14 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
China government using energy shortages to slow economy -

Yes, it makes sense -

It's faster on/off than monetary policy, does not have the leverage / deleverage effects that make it hard to know how much effect any specific move will have. Too much or too little.

It is also harder to get around. Cut off money from banks in China, speculators just get cheap money from Japan, maybe oil rich Gulf states, etc.

Less oil for diesel engines means they don't run as much, period.

*******

Some buildings are so large that heat and evaporation on side and cooling on the other side causes consdensation.
These building are said to "make their own weather"

China's resource requirements are so large that they effectively make their own weather for commodity prices.

Okay , maybe a slight exaggeration, but the effect is still large.
So I expect China to to make some effort to guide demand so that they get a price they like.



To: TobagoJack who wrote (68156)8/27/2005 3:20:58 PM
From: gumnam  Read Replies (1) | Respond to of 74559
 
TJ

Is the problem of gasoline shortage in China due to the price caps on gasoline & diesel? My understanding was the oil importers and refiners have to sell gasoline products at a loss and are therefore cutting down on volume.

These price caps in many countries are also the reason why the oil price increases have not shown any significant effect on the prices and economy.

Anshu