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


To: Zardoz who wrote (29474)3/6/1999 9:39:00 PM
From: Michael Olds  Read Replies (1) | Respond to of 116764
 
Thanks for this. I for one have been reading in Barrons every week that there were 11billion dollars worth of gold there for the last million years never thinking to ask how that could be without buying gold.



To: Zardoz who wrote (29474)3/6/1999 11:20:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 116764
 
Hutch,

A much better response than I provided on the Dutch Central... thread. Thank you.

Message 8188512

Not to be rude to anyone, but it this kind of conspiracy theorist BS that is really denigrating from an objective discussion of gold.

And the post that Hutch and I responded to is a clear example of that bias out here.

I sure didn't any of the goldbugs trying to set the record straight.

That is why I have to believe gold may go down further. The hype being spouted by the goldbugs seems hypish and lacking of objectivity. It certainly seems to prey people's distrust and fear of gov't and the New World Order conspiracies.

It's basically a BS way to analyze an equity or commodity, gold or otherwise.

Regards,

Ron



To: Zardoz who wrote (29474)3/7/1999 5:06:00 AM
From: ForYourEyesOnly  Respond to of 116764
 
US Gold Holdings & FRB:

Thank you for that research. I'm sure that took some time to prepare those links.

My major concerns are:

1. Who has the final rights to the gold held by the mint/Fort Knox? The fed?
2. Who "owns" the fed? Foreign and domestic banks??
3. Why has a private bank been given monopoly rights to issue money in the US? Doesn't that conflict with the basic American principle of "gov't by the people for the people"?

I DO NOT have the answers to these questions.....I am looking right now......

"SO FRB is the CB of the USA, and who's actions are monitored by the FOMC: federalreserve.gov

These people report to the congress, under the Humphrey-Hawkins Report. federalreserve.gov;

Yes, but does the congress have the authority to direct fed policy? Do they ever actually utilize that authority?

My fear is that all of this is just done to give the "appearance" that the FRB is responsible to the people......

THC



To: Zardoz who wrote (29474)3/7/1999 5:47:00 AM
From: ForYourEyesOnly  Respond to of 116764
 
Congressman McFadden on the Federal Reserve Corporation

Remarks in Congress, 1934

The Federal Reserve-A Corrupt Institution
PRESIDENT JACKSON'S TIME
THE GREAT DEPRESSION
The Scheme of the Fed
Money for the Scottish Distillers
THE UNITED STATES HAS BEEN RANSACKED
SPURIOUS SECURITIES
The Bankers' Acceptance Racket
The John Law Swindle
Ivar Kreuger, the Match King!
Thieves Go Scot Free
Fiat Money
World Enslavement Planned
Great Britain, Partner in Blackmail
Roosevelt and the International Bankers
Roosevelt Seizes the Gold
Dictatorship
Roosevelt's Two Kinds of Laws
Enemies of the People They Rob
Conspiracy of War Debts
Federal Reserve Pays No Taxes
Preferred Treatment for Foreigners
Crimes and Criminals

www9.pair.com



To: Zardoz who wrote (29474)3/7/1999 7:58:00 AM
From: ForYourEyesOnly  Respond to of 116764
 
The Federal Reserve

www9.pair.com

THC




To: Zardoz who wrote (29474)3/7/1999 12:50:00 PM
From: Mark Bartlett  Read Replies (2) | Respond to of 116764
 
Hutch,

<,This is why I believe that the US has been in a collusion for
supporting the POG. This is why I question the GATA claims. And
this is why I've suggested to many that the US FED has not been
selling, but buying. I mentioned this all a long time ago. This even
shows that amounts held by each of the 12 district banks.>>

Please explain then, why is the price of gold going down, if there is this type of buying - and why are only the "sales" of gold being reported, that continue to drive the price down. There is something not right here.

MB



To: Zardoz who wrote (29474)3/7/1999 4:02:00 PM
From: PaulM  Read Replies (2) | Respond to of 116764
 
Hutch re: "The U.S. is in collusion to Support the Price of Gold"

The data and balance sheets you provide have no bearing whatsoever on your conclusion.

1. The "Gold Stock" entry represents the nation's entire gold stock. It has remained essentially unchanged for many years.

2. The Fed carries the "gold stock" entry on its balance sheet at the fixed statutory price of $42.22 an ounce. Therefore, the Fed has not had to buy gold to maintain the $11 bill amount. To my knowledge, the Fed has never and will never buy gold from anyone but the Treasury.

3. The Fed is the technical owner of the gold (i.e., in its "gold certificate account") as the gold has long ago been "monetized" (i.e. the Treasury gave the Fed another excuse to print money without, on this occasion, having to issue bonds).

4. The gold is as you say in the possession of the Mint (Treasury). The treasury can (and some day no doubt will) redeem the Fed's gold certificates at a wopping $42.22 an ounce.

5. Don't pay any attention to the assets and liabilities of the fed. It's all meaningless fiction.

6. Lastly (and this really another post) as gold is the primary competitor to the dollar for reserve currency status, the U.S. will never be in collusion to support the price of gold.

If you want to research this consult the following:

federalreserve.gov

(This is a long Fed Reserve publication distributed to the general public. You need Adobe's Acrobat. When the frames appear, click "Appendixes" and scroll to the first entry, "Gold Certificate Account")