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

To: Abner Hosmer who wrote (9430)	4/6/1998 3:37:00 AM
From: IngotWeTrust	Read Replies (4) \| Respond to of 116762

Thomas, I've known for about 16 yrs we've been quietly unloading our gold to China in order to suppress the horrific imbalance of payments truth between what we import from their cheap labor produced goods market and what we export to them in the way of cotton, grain, etc. This quiet and stealthy export of gold to China is just one example of an generally unreported and unacknowledged drain on our gold reserves. Now factor in A) US "IMF payments" in competition w/the BIS which your earlier post today succintly laid the groundwork for, B) G-7's cooperative "where's the (golden)pea/walnut shell game?" called "gold mobilizations" C) the horrendous straits where Japan is paying .5% and made God only knows deal with the French and German goldmeisters if you please, to our US detriment, let alone the detriment of our gold reserves... D) the immediate 31% devaluation of our US$ when the EU becomes official reserve currency 1/1/99 ....well, I think you get the picture. Ft Knox Gold may be here and it may be just a hologram. I'm afraid with our historical track record and Volker at the World Bank who was very instrumental in the initial set up and enactment of the recent gold mobilization, well, cyberfriend, I believe and I'm leaning to the hologram side. Or to put it another way... The world has demonstrated an insatiable desire for only 2 commodities: Gold and Oil They both DON'T flow the same way as ANOTHER so succintly reminds us. We have (had) the gold and we got the oil! Now the gold is probably a hologram and the gold is now in Europe's hands and in Asian Hands. How long until *they* become "oily slicks/holograms?" BTW, if you stop and think about it, Mr. Glass' Protection of Gold Act passed in Feb '32,... the repeal that is just around the corner of said Act is not being spun as the "Authorization to Raid US Gold Reserves" if memory serves. Mostly we are hearing spin about repeal of Glass Stegal as just the repeal of "interstate banking restrictions which are now archane and inappropriate in this age of the computers called the new millennium." Hmmmmmm O/49r P.S. Thank you for your gracious personal words of praise.