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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Jaakko who wrote (5231)	1/4/1998 5:50:00 PM
From: The Vet	Respond to of 116753

<< that the bankers did it again, i.e. lent something like $20 of PAPER gold out against every $1 of PHYSICAL GOLD on in their vault!!! >> Spot On Jaakko.. The CB's don't need a conspiracy - this is their normal business practice! IMHO we are already seeing a divergence between the spot "paper" gold price and real bullion delivered to private hands as either bars or coin. You just try to buy Eagles or Maple Leafs at $280 USD or even for a 5% premium. Not only are they not available immediately but you will probably have to pay in advance and wait for delivery while the dealer makes interest on your money! If you try to take delivery of "paper" gold in the form of real metal they make the costs associated with the delivery high enough to discourage the buyer actually getting his hands on real gold. So he leaves it "on deposit" and they lend it again; just the same as shares in street name in a margin account which can be "lent" by the broker over and over again..

To: Jaakko who wrote (5231)	1/14/1998 8:39:00 AM
From: Jaakko	Read Replies (1) \| Respond to of 116753

For thus says the Lord of hosts: Once more ( it is a little while ) I will shake heaven and earth, the sea and dry land; and I will shake all nations and they shall come to the Desire of all Nations, and I will fill this temple with glory, says the Lord of hosts. The silver is Mine, and the gold is Mine, says the Lord of hosts. Hag. 2:6,7,8

To: Jaakko who wrote (5231)	1/15/1998 12:54:00 PM
From: Jaakko	Read Replies (1) \| Respond to of 116753

Derivatives are controlling POG! We need to take DELIVERY of PHYSICAL gold AWAY from the banks who lend out PAPER gold in MULTIPLES against PHYSICAL gold they have on deposit!!!! DON'T ACCEPT PAPER... NO MORE!!!!! TAKE DELIVERY OF ALL GOLD THAT YOU BUY!!!!!!!! The derivative market will soon shrink or vanish and your gold certificates, options and futures contracts MAY NOT BE HONOURED!!!!! If the current financial crisis won't do it then the Y2K Bug will finish it off !!!!!!! WHAT GOOD DOES IT DO TO YOU TO HAVE A PIECE OF PAPER TELLING IT'S GOLD????? When the push comes to shove, all people want to see is the yellow metal in your hand and they will LAUGH at your PAPER certificate telling it's gold!!!!!! The PAPER is NOT EVEN as good as the bank behind it because the bank may have LENT OUT a MULTIPLE amount of PAPER gold against a tiny amount of PHYSICAL gold that it has on deposit!!!!! They can get away with this as long as only a FRACTION of PAPER holders demand DELIVERY of the PHYSICAL GOLD itself!!!! DON't support this kind of banking practice BECAUSE by doing so you are supporting the MANIPULATORS who are CONTROLLING the POG through the derivative/PAPER gold market!!!!!!!!!!!!!!!!!! Besides, how many banks have failed lately and how many are Y2K compliant?????????? Message 3089917 kitcomm.com kitcomm.com