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

To: Mark Bartlett who wrote (27615)	2/3/1999 12:08:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116795

>>"You would say that owning 100 ounces of gold is safer then owning 100 ounces in a forward, or future?" I said that the risk on owning an contract is lower then owning gold that may drop. If you believe its' going up and you... {now to your words} > want something I can physically carry, that has value ... not some option on a futures contract ... Then gold isn't it. In your reality of doom and gloom when options and futures fail. A gun is what you want, and many rounds. During the 1987 crash, it was OPTIONS and Future buying that made the Market Makers jump into the market, and that created a bottom on the slide. Many of these contracts and derivatives where new to the markets, yet they held up extremely well. Might I suggest you go to your library and take out two books: Panic on Wall Street :A Classic History of America's Financial Disasters-With a New Exploration of the Crash of 1987 by Robert Sobel How to Choose, Carry, and Shoot a Gun in Self Defense ~

To: Mark Bartlett who wrote (27615)	2/3/1999 9:32:00 AM
From: Alex	Respond to of 116795

Germans lobby to regulate hot money By GEOFF KITNEY EUROPE CORRESPONDENT DAVOS, TUESDAY The German leader, Chancellor Gerhard Schroeder, has attacked financial market speculators, accusing them of wrecking stockmarkets, and even whole economies, and signalling Germany will step up its push to introduce measures to limit market speculation. Dismissing opposition by the United States to any introduction of a new regulatory structure, Mr Schroeder said new measures were needed to dam floods of hot money that left lost livelihoods and shattered hopes when they receded. ''If even George Soros - a man who must know because he himself has earned billions with such speculation - carves in stone that we should ensure orderly factors for justice, then it is high time we get serious with binding agreements on the international financial architecture,'' he said. Mr Schroeder committed the German Government to fight for the removal of barriers to free trade, saying there could be no lasting improvement in the world economy without the free exchange of goods, services and capital. In a speech to business and political leaders at the annual World Economic Forum in Davos, he said rich nations could help poorer countries catch up and head off social conflicts around the world by opening their borders to imports. But countries had to guard people against the potentially explosive impact of speculative flows of funds, as seen in Asia, Russia and Latin America, he said. ''It is a fact that a durable process of development and cooperation is considerably disrupted in part by the fact that speculative capital movements on financial markets drive national and international stock exchanges, even whole economies, to the brink of ruin,'' he said. Mr Schroeder's comments came as his powerful finance minister, Mr Oskar Lafontaine, claimed support for a form of market regulation from the Davos delegates. Mr Lafontaine said it was clear that the world's policy makers shared the view that global financial markets had to be regulated in a new way. He said that while capital should be allowed to move freely to be used for investment purposes, some controls should be in place to prevent massive short-term speculative movements from derailing economic development. Mr Lafontaine noted but did not comment on the US position, put strongly at the Davos meeting, that it could see no proposals for regulating speculative movements that would not be counter-productive. The divergent positions sets up the prospect of a confrontation between the US and Germany, backed by Japan, at a meeting of the major industrial powers next month to discuss the world economic crisis. theage.com.au