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To: banco$ who wrote (28180)	2/13/1999 12:34:00 PM
From: Mark Adams	Respond to of 116759

Positive mention for Gold in Barrons Hesitant as we are to utter a four-letter word in a fine family magazine like Barron's, we can't see any way around it. So here goes: "gold." Now, we yield to no man in our conviction that gold is a perfect hedge against capital gains. But wise Marc Faber says you ought to buy some of the stuff as insurance against a global financial accident. Marc is eager to confess that he's neither "a gold bug nor an expert on the gold market." Nonetheless, he "believes the time has come to gradually shift some financial assets into gold." We suspect you could do worse than consider Marc's advice. For it's based largely on the contrast between the extraordinary complacency of investors, on the one hand, and on the other, a world economy increasingly susceptible to some grand untoward event. And nothing is more comforting, he notes, than insurance that you end up not using. Stuck away in an odd place, Up & Down Wallstreet interactive.wsj.com

To: banco$ who wrote (28180)	2/13/1999 2:00:00 PM
From: IngotWeTrust	Read Replies (5) \| Respond to of 116759

Banco, G/North is talking about capacity. Gold is currently minted at WestPoint, and is already on a 24/7 schedule. Has been for many many months! Our mint does NOT go to the public market to buy gold: they are required to go to the Treasury, a fact gleaned from a gov't issued report posted on this thread much earlier by another poster. The ADDITIONAL amount Treasury furnished the US Mint at West Point, last calendar year was 1.8 mil oz, far in excess of the "normal amounts" the Mint had on hand based on previous years' consumption curve. Now the gold that the treasury has on hand is only on the gov't books at $42.22 per troy oz, which means they need to coin a 1/10 oz American Eagle for $4.222 per face amount of $5.00. Minting 1/10oz American Eagle fractionals for $4.22 per each is a joke. This is what is so astounding about the law mandated "seniorage" process re: gold into money as ADMITTED to by our very own gov't: .................For every ounce of gold -- .................or fractional equivalent thereof-- .................that is domestically minted .................and then purchased .................by ANY global village consumer, .................said purchase is creating massive .................REAL debt on the American set of ................."gov't accounting/books!!!" Stop and think about it: As Gary North has stated clearly: MAXIMUM 1/10th oz capacity for all of 1999, is only 55,000 MORE 5 oz(50 1/10th oz) tubes of gold $5 American Eagles. That is the MAX left that West Point can mint. If only .068% of the 8mil estimated Art Bell audience listening to dr. north on 02/19/ and 02/20 live radio presentation scoops up ONE of those tubes apiece, a completely conceivable number, frankly, based on the number of tubes of same 1/10ths A/E $5 gold pcs. I've had flying out MY doors to MY Y2K customers,, then those 55,000 5oz tubes filled with 1/10 oz pieces will be gone gone GONE, in less than 1 week's time!!! And those less than 55,000 tube buyers will be PRAYING for an early delivery date, as the mint will be sold out of their entire year's 1/10 capacity, and deliver through a first come, first serve, now ALLOCATED procedure only. What folks continue to ignore is this additional fact as well: it takes the same per unit minting cost to make a single 1/10th as it does one 1 oz gold American Eagle coin. So the impact upon the US debt is multiplying mucho faster than GreenRube can manufacture surpluses out of thin air. Keep the good questions coming, Banco! O/49r