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

To: PaulM who wrote (29505)	3/7/1999 5:12:00 PM
From: Bob Dobbs	Read Replies (1) \| Respond to of 116764

Paul: Finally, someone with facts steps forth to enlighten us! Thanks, this information is consistent with what I have observed. The official book value of the govt's gold is $42 an ounce and officially, at least, the mint has possession and the Fed the claim to 262 Million ounces. That hasn't changed in decades. That gold is in competition with fiat is true, and therefore the US govt has no reason to support its price except if it contemplated selling what gold it possesses. That the Fed has a claim on all of this gold however, implies that the government in fact has no ownership and therefore absolutely no interest in supporting its market price. Unless, of course, the govt has complete control over the Fed and could get all the gold back for $42/ounce if it wanted! This gets back to the ownership of the Fed question! Secrecy! At issue, still, is whether in fact this gold really exists or not. I do believe myself that it exists but I have my doubts. As you say, the Fed figures are largely cooked and meaningless, and one has to wonder whether the existence of this gold hoard is likewise a fabrication. Bob

To: PaulM who wrote (29505)	3/7/1999 6:28:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 116764

You no how many times I've read that link that you provided, and then come back to the asset allocation and misread the data again. It's funny and sad how the US FED does their accounting... let's see you and I try getting away with that. I realized last night, to late to modify my posting, and said to myself tomorrow morning. It is meaningless fiction on the feds part. Trapped again. Nice to see someone is checking me up, with the correct link. So you obviously do not believe that the USA is a seller of gold? As even at $42.22 the data does not support gold sales. Good work Paul. But, I must ask: How much gold is at the US Mint? Is the FRB bank the holder of all US gold? We know the mint buys constantly for sales of coins, so what surpluses do they carry? Well, I'm off on holidays. Back just in time for the next meltdown.