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

To: Keith F. Wunderlich who wrote (910)	12/26/1997 9:12:00 PM
From: philv	Read Replies (4) \| Respond to of 1756

Keith: Another...bugs me too I had time to review the articles, and have made the following notes: I would like to begin by observing a few facts about Another, some of which have been mentioned before. Firstly, he is inconsistant in his writing style, most probably has someone vetting or writing his posts, but not always or could have several writers. The argument has been consistant however, the main theme is the deal with an oil producing State (Saudi Arabia I believe) to keep down the oil price in return for cheap gold at or below the cost of production. He makes and fortifies this argument often, and suggests the arrangement involves paper gold. His argument that oil is world currency has some merit IMO, as it is undoubtedly the most important commodity after food, affecting the price of almost everything. I recall the upheaval in the early 1970s when the "oil-shock" hit. Another makes a persuasive argument that the producers do not want to destroy the economy, so they are accumulating gold slowly as part payment for each barrel of oil, and therefore content to keep the oil price low. He uses specific numbers as examples, but I don't know if these are hard or accurate, even if one accepts his argument. He asserts the CBs are actively engaged in keeping the POG down, and makes this point many times, and warns of the consequences of what will occur when the paper gold market implodes because it is grossly oversold. He says that it is a done deal, done after the gulf war in early 1990s. (post Oct. 5 & Oct. 7) He strongly infers that Saudi Arabia is involved in his post of Oct. 19. "There is only one oil state that counts! Only one!" On Oct. 16, he posts "Now all govts. don't get gold for oil, just a few. That is all it takes. For now!" In analyzing this chaps character, I believe his knowledge of English is very limited, as he says in one post (Nov.28) as an introduction "After a proof read by one from the west this is a start and should help you understand." He then posts a lenghty argument. Also, in reply to a Mr. Allen, he says "I am told you are on target." As if he cannot himself read the posts to kitco gold forum. Lastly, it is my opinion that he is from the Middle East, an oil State, because of his frequent usage of "we", references to the House of Saud and at one point referring to a "fine Arabian horse" . He also has an unusual knowledge of the workings of C.B.s, B.I.S. and L.B.M.A. His speculation as to what will soon occur is exactly that, speculation, based upon his main premise as before mentioned. So one would have to accept the main premise first to give any credance at all to his speculation about future events. Of course, the whole thing could be a prank from the start. I have been looking for inconsistancies in his main argument, and could find none. Some details as to future events do seem to change a little from some of his posts. Kitco forum, Dec. 15 1997 11:06 (Allen) makes an estimate of Saudi gold stockpile of 5000 metric tonnes (3 trillion dollars) - USA 8,085 tonnes (5.2 trillion dollars). I have no idea where the Saudi figure comes from, the U.S. figures do appear correct. Not being in the loop, all we can do is observe the relationship between oil and gold to give some hint as to the veracity of Another's statements. His point - Oil up=Gold up. Hopefully I didn't bore some of the others who may not be interested in this issue. Phil