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To: Hawkmoon who wrote (26610)	1/21/1999 12:27:00 AM
From: Ironyman	Read Replies (1) \| Respond to of 116766

Ron, I'm not wise enough to understand,but there is something about manipulating the POG which conspires thwart the communists. Just like the way we out spent the Russians to win the ' Cold War '. Then again ,,,It might have something to do with the Bolivian and Russian mines coming up for grabs.....Hmnn....I'm so confused!

To: Hawkmoon who wrote (26610)	1/21/1999 12:44:00 AM
From: Richard L. Williams	Read Replies (3) \| Respond to of 116766

Ron or anybody, care to comment on this: biz.yahoo.com Company says it plans to produce 1,000 ozs. a month...would such production depress the price of gold, or is it insignificant compared to world production. I know many of these small outfits make big claims that are never met with fact...hence the 21&#162 share price. But if it came true, what might this company do to gold? Rick

To: Hawkmoon who wrote (26610)	1/21/1999 2:22:00 AM
From: ali	Respond to of 116766

Ron, < Anyone here still remember the stories their parents/grandparents told them about the last depression?? That one led to WW2.> I do remember the stories first hand and don't have to ask my parents, so I 'know all' about paper and gold(or should say value of things). I lived through WW2 in Europe and know how good paper is for 'money'.Not that I believe that this generation or my grandchild or any future generation will live without fiat money of some kind.But having seen what havoc governments can cause with paper I keep my wealth in physicals(gold & silver some of it)and other tangibles and fiat money only as far as the immediate demand requires.Security is the main concern for middle aged people.Young ones usually don't care about that aspect and I, being over the hill can not be frightened anymore either.(what the hell, in most likelihood I may be dead in 10 years)The dispute between gold and fiat money has been decided a long time time ago in favour of paper.It is a lot easier to govern with paper and so it will be always.But don't blame the common man when he is searching for something to hold on to.That's why I also don't believe that we will have an extended depression(dislocation) for any length of time.What I can't understand is why CB's would even bother to sell gold if they have the right and/or power to issue any money when they feel like.That has been the case in the USA this year and that's why I think we should be thinking of inflation a lot more than deflation. ali

To: Hawkmoon who wrote (26610)	1/21/1999 8:00:00 AM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116766

Eon, <<But I still see no one able to tell me why this friggin' little yellow metal is worth throwing the world into depression over.>> It'd not gold that will throw the world into depression ... it is its misuse. There is no way the practice of "leasing" gold should have ever been allowed .... the gold is not leased in the traditional sense ... the gold is gone ... in effect sold. So to use the term "leased" in the first place was just a charade so that the powers that be would be allowed to undertake the process. Had the term sold been used, there may have been more resistance to allowing the practice. Find me any other commodity that can be "leased" in such a fashion. When rules are streched/broken, sooner or later somebody pays. Gold reserves are for the country and its people ... not to play monopoly with by a few elite rich groups of society .... so they can hedge the cheap paper they get from gold leasing. IMO the use of gold in this fashion is fraudulent, plain and simple. I am personally enraged that the Feds even allows the process ..... but then again, one only has to look at who the Feds are. MB