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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (893)	12/24/1997 3:47:00 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 1756

We have been printing money, Philv, and monetizing debt. Now it is time to bring those debt instruments home. You see, the jas. have been buying US treasuries with their foreign reserves in US$ held on their shores. When we buy them back, as the fed Reserve is doing, I firmly suspect we are sending back worth less and less and less yen. In effect, we have monetized that debt by the continual printing of US$, after receiving back our currency when they bought our 10yr bond/notes with them. Now we have the "retired" bond, the worth less and less dollar is sitting in OUR foreign and domestic reserve accounts and we shipped'em back they yen. Neat trick, eh? So we have our worthless bond back, need to print less money because we just repatriated $12 billion "strong in yen terms'-Dollars from the Japanese. And our printing presses can take some down time, because there are more "dollars" where those silly things came from. Add to that the current "re-styling" before repudiation of US currency currently underway, and it is only a matter of time, before it is all moot anyhow. No funny hats, ok? Always glad to chat w/you. Have you let go of the conspiracy rag yet, counselor? O/49r

To: philv who wrote (893)	12/30/1997 7:48:00 PM
From: philv	Read Replies (2) \| Respond to of 1756

Review of THEORIES REGARDING PRICE OF GOLD It seems to me there are three main theories, and most people ascribe to one of these. 1.) Gold's price is a reflection of normal market forces. This is the majority conventional wisdom. Main points are: Gold has lost its monetary significance (therefore banks are selling), Gold's shine has been replaced by modern alloys and plastics, its usefulness is limited to jewellery which is itself not useful. 2.) Gold is being manipulated - suppressed by Central Banks a) To give Banks complete freedom to print money without restriction or discipline which Gold demands. b) To give Banks a monopoly of exchange medium - no alternative to paper. c) To allow Banks to sell or lease their gold so they can earn interest. d) To help with creation of EMU by lowering standards so that member countries can qualify. e) To cover short positions. 3.) Gold is held down while being accumulated at low prices a) By Central Banks - to build up reserves for eventual monetary collapse b) By large Private Investor(s) - Many names associated with LBMA , (European & American) - Secret deal with Arab oil producer in exchange for cheap oil I think I have covered most of the theories here. Interestingly you must logically belong to only one of the three camps, not a combination, if you have made up your mind. Cheers