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To: IngotWeTrust who wrote (28185)	2/13/1999 4:07:00 PM
From: John Mansfield	Read Replies (1) \| Respond to of 116759

OT - DoD Y2k program techstocks.com

To: IngotWeTrust who wrote (28185)	2/13/1999 4:29:00 PM
From: John D. McClure	Read Replies (1) \| Respond to of 116759

Hi Ole49r, I am a good customer of my nearby coin shop and he is now selling 1/10's for $45 ea. The last couple I bought for $42 ea. I know I could get them cheaper elsewere by mail but I wanted to establish a good rapport with the guy and I can't buy more than a few at a time-along with my regular silver purchases (I have been dollar cost averaging). I have locked in 10 more at $45. as they tell me that they are cleaned out but are expecting another allotement in a week and will set them aside for me. He didn't know about the problems at the mint so I filled in the blanks for him. My question is this. If I can't get any more 1/10's, which other small-denom coin should I go with that would be as nearly recognizable and negotiable as Eagles? I know you are partial to found and placer gold, but I have no time to go out and hunt that stuff up. Anyway, there aren't too many prime placer deposits in Massachusetts <VBG> (I know one or two in Vermont, but they are old worked out spots). TIA!

To: IngotWeTrust who wrote (28185)	2/13/1999 5:30:00 PM
From: Hawkmoon	Respond to of 116759

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!!!" Wait a second.... Could you repeat and amplify on your analysis as to how selling US Treasury gold, which is carried at a value of $42.22/ounce, adds to the national debt when it is sold at current market values, plus commissions and manufacturing costs? I'm kinda confused about how you arrived at that claim. I'm sure you'll take great pleasure in setting me straight... <VBG> Regards, Ron

To: IngotWeTrust who wrote (28185)	2/18/1999 10:44:00 PM
From: banco$	Respond to of 116759

Ole 49r, The Mint states that its bullion coinage must be U.S. sourced, that's all I know. If the Mint obtains its bullion from the Treasury, then Treasury must acquire gold somewhere in the domestic marketplace, otherwise official reserves figures would change whereas the U.S. government reflects the same gold reserve decade after decade, not even a fractional change. Are they drawing down the actual reserves (approx. $11.4 bn) and covering the drawdown with 'gold receivable entries?' If not, then Farfel's suspicion of a U.S. refusal to enter the gold market in 1999 may be on point, despite the plug for Pandas. Regards, banco