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

To: IngotWeTrust who wrote (23559)	11/29/1998 4:41:00 AM
From: Investor-ex!	Read Replies (1) \| Respond to of 116756

Hi ole 49r, When folks finally wake up to gold being not just a S/D phenom or a highly leveraged play, or only view it just as a store of value when deflation is in our very faces... You have your terminology wrong! According to Alan Greenspan, in the US it's not deflation -- we have what's called "price stability". :o) I consider gold all the things you've listed, plus others...

To: IngotWeTrust who wrote (23559)	11/29/1998 6:30:00 AM
From: Alex	Read Replies (1) \| Respond to of 116756

By Ed Reiter Fed Orders More Paper Money for Y2K Nov 24, 1998 Financial panic may not break out on Jan. 1, 2000, as some doomsayers predict, but the Federal Reserve System will have extra paper money on hand, just in case. The Fed has ordered 11.3 billion Federal Reserve notes from the Bureau of Engraving and Printing for Fiscal Year 1999 -- 23 percent more than the current level of demand -- in denominations ranging from $1 to $100. Presumably, that stash would help cushion the blow in the event that Y2K worries -- or actual Y2K problems -- touched off a run on the nation's money supply. There has been concern that computer malfunctions may jeopardize U.S. commerce and industry, including the nation's banking system, at the start of the year 2000. This fear is based on the fact that much of the world's computer software, and even some hardware, relies on just the final two digits to designate the date in stored data, taking it for granted that the date begins with "19." Thus, when 1999 gives way to 2000, the digits "00" might be interpreted as 1900, rather than 2000, thereby imperiling recordkeeping and automatic computer operations. The fear is far from baseless. Some people take it so seriously, in fact, that they have been stocking up on food and other provisions and hard assets -- notably gold bullion and bullion-related coins -- with a kind of survivalist mentality, to shield themselves from what they believe could be an economic catastrophe. One consequence of this has been a sharp rise in the market value of generic Saint-Gaudens double eagles and other popular bullion- related gold coins as dramatically higher demand has drained the available supplies. Major efforts are being made by both government agencies and the private sector to resolve potential problems before the fateful day and prevent computer glitches from taking place. For example, the U.S. Small Business Administration has set up an Internet "reference center" to help small businesses assess their potential risk and formulate a plan of preventive action. Its Internet address is www.dell.com/smallbiz/y2k Evidently, the Federal Reserve wants to be prepared for any contingency. "The Federal Reserve is committed to ensuring that the public is not negatively impacted," said a spokesman for the BEP, the agency that prints the nation's paper money. The spokesman said the BEP has "never produced that volume in a single year before," but that it has the capacity to do so at its main production plant in Washington, D.C., and its satellite facility in Fort Worth, Texas. Rise Pianalto, a spokeswoman for the Federal Reserve, said the Fed boosted its order because "we do think some people will hold a higher proportion of their wealth in cash than they normally would, not because we anticipate increased demand." She added: "More notes are being produced so there is no concern and no shortage." According to Pianalto, the Fed anticipates having $200 billion worth of currency in its inventories by the start of the year 2000 -- one-third more than its normal supply of $150 billion. She said there is sufficient storage space in federal vaults and that it will not be necessary to rent additional space. coin-universe.com