Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (63443)	6/12/2006 11:39:59 AM
From: shades	Read Replies (1) \| Respond to of 110194

just sell ownership certificates backed by geologist's reports. Exactly - see how difficult it is for them to wrap thier mind around this concept. I dont believe GLD has any gold at all - paper gold - what a silly concept. Wont believe the bankers and crooks on money printing but will believe them on gold stores.

To: UncleBigs who wrote (63443)	6/12/2006 11:43:15 AM
From: Mike Johnston	Respond to of 110194

Fed monetizing yet again today.

To: UncleBigs who wrote (63443)	6/12/2006 11:54:35 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 110194

That is an interesting point of view. However, there are enough examples of mother nature playing tricks on geologists (nuggets effects, metals recovery problems, inaccuracies of sampling methods) to convince any above ground accountant that those ownership certificates would not be perfectly auditable. So that form of gold would still have to be discounted vs auditable gold in a safe vault. Again, storage and insurance are really negligable. In some case, less than $2 per month, no matter how much gold you have.