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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (25890)	11/30/2007 2:57:43 PM
From: carranza2	Read Replies (2) \| Respond to of 217576

But first principles for me is that I'm wanting to do more than make money with my money. Silly me, I thought you were posting about financial issues so I responded financially. Joshing aside, I have indeed recognized, but dimly, that you do want to do more than make money with your money. [joshing/on]Like at a minimum not lose it, which is why I posted the gold link. [joshing/off]. I'll give you the skinny on the article so you won't fall asleep. According to these folks, who are eminently qualified analysts with one of the top European firms, there has been an artificial suppression of the price of gold. They reason that their facts and figures show that for the period they studied banks and other institutions were getting caught short. Thus, they had to be rescued at a high level, which rescue in fact took place through manipulation. The institutions which were caught short were presumably able to make up what they owed without a glitch. I say 'presumably' because cannot tell from the report whether the analysts contend that this short condition prevailed at the time they issued the report or whether it prevails now. That is it. The part that made you sleepy. Artificial suppression of the price of gold seems to have taken place, and that is all you need to know. See, lawyers do have some value as we are able to gather great masses of information and make them understandable in a few pithy sentences. But what should have caught your attention is the fact that while American reserves and those of many European countries are made up in huge part of bullion, the reserves of other countries - such as China and Russia, specifically - are presently made up of very small relative amounts of gold. In China's case, less than 1% of its reserves are in gold. And, as you surely know, a great deal of them are in USD denominated instruments. Russia has explicitly stated that it wishes to increase its bullion holdings and now has the wherewithal to do so. I think even you, an admirer of Greenspan, must by now realize that he was, unfortunately, an abject disaster, a charlatan. His cheapening of the USD will hurt everyone on a global scale. As I think you recognize, things may get dicey as a result of the cheapening of the USD and all it has brought forth, including the credit crunch [I'm not going to even mention unhedged derivatives, they give me the willies]. If things indeed do start to go to H**l, I cannot think of a better place for your money than gold since it is more or less immune to deflation and inflation. [joshing/on]After all, if you don't have the money, or if it is worthless, there is nothing you can do with it even if you intend do something else with it other than make money. You might be able to light a match to a $100 bill and light up a cigarette with it. vbg[joshing/off]