Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (4828)	3/25/1999 10:34:00 PM
From: m.philli	Respond to of 81023

Well thanks Hutch, it was a big idea, a lot bigger than my mind.(Was seeing visions of a whole new island nation founded on gold derivitive profits). If I can't sell you, I guess it's a wash. Back to the idea shop to tinker some more.-mike

To: Zardoz who wrote (4828)	3/25/1999 11:44:00 PM
From: long-gone	Read Replies (1) \| Respond to of 81023

Yes, the company could pull a DeBeers. corner the market. I mean the CB's are saying "gold is dead" they would have to sell it all. Then when Clinton wants to send one more missile, up, up, and away!

To: Zardoz who wrote (4828)	3/28/1999 10:06:00 PM
From: m.philli	Respond to of 81023

Hutch, after thinking about your reply to my questions and my subsequent response, I need to correct one thing I said. I said that since I couldn't capture your interest in my idea, that I guessed "it wash a wash". I shouldn't have said that. I still think it's a great idea. However, since it did not capture the imagination of anyone, it may never come to fruition. You suggested I buy bonds, putting the interest into gold futures. While this may be the safest, most profitable way to go, (the hedge fund way) it would not suit my purpose. What I wanted to do, was capture the imagination of the little investor worldwide. By use of the internet, capture this interest into buying 1 ounce of gold for removal from the market, at the same time buying 2 options (not contracts), single options. I want to counteract the fear of CB's, IMF, etc. selling gold. Remove gold from the market to be used in a structure, probably palace/resort on an independent island in a southern climate. I think of Singapore or HongKong when I think of size and possibilities. Residency and or immigration would be determined in part by date of record of investment in this gold buying company.(incentive to invest a little and invest early) When (if) the public's imagination is captured and gold is being shown removed from the market, instead of constantly being hammered by press releases ,saying gold is going to be dumped into the market, equallibrium may be reached. When the press pendulum starts to swing the other way, gold will rise, banks, forward sellers, etc. may re-examine there plans. When gold rises, those far out options (reason for going out a year, will take time to build momentum) will return the original 1 ounce investment of the shareholder (1 option), while retaining the proceeds from the second option to repay investment capital, storage costs, internet costs. leaving a lot of money to get on with the MAIN IDEA. The main idea (the gold plan being the means) is to purchase an undeveloped island, develop it for residency and tourism.(gold palace, we got all that gold, might as well do something with it). This is the area I want to capture investors imagination, THINK WHAT COULD BE BUILT, think of the possibilities of a millennium island being developed from scratch,(on gold derivitive profits) even the environmentalists imagination could be captured. Some possibilities include,"no oil use, no pollution, resident personal safety, gold currency". With the internet, anyone could live there in the 21st century. A technology based economy could be developed focusing on alternative energy, hydrogen from seawater , perhaps there's a use for gold in capturing solar or chemical power.. It is not right that I discard the possibilities of a great idea, because it can't be seen by others. Investment in gold could accomplish this, and every investor would benefit both himself and the planet he lives on for the new millennium. I don't really see this as a pyramid scheme, or gold market manipulation, the gold will be used as a commodity. Future gold may be required for money. But none of the original purchases will return to market. Hutch I would have P-mailed but couldn't seem to get in. Thanks, just thought I should correct my previous post for my minds sake. Since no one on the thread can see my vision, I'll have to search elsewhere for interest.(I fear it will be a lonely world)-mike