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

To: ForYourEyesOnly who wrote (4866)	3/27/1999 3:08:00 AM
From: IngotWeTrust	Respond to of 81050

THC, all things considered, it isn't all THAT interesting. Gold Supply is interesting until you see it all in one gleaming room and have to audit it occasionally, by individually handling each bar. And gold demand, especially here in the West has become increasingly more interesting in the last few months. The warped thinking of a couple of brokerage houses who only wanted to generate commission income and all they could think of was raiding Central Banks for gold legally and not going to prison for theft, now THAT twist on the old Westerner Bank Robber vs. the Lone Ranger B&W tv show storyline is interesting... But, in our economic systems as well as the global economic system, there are other examples of "counterparty risk management" in your and my world today that are probably more familiar than the archane machinations of the FR, such as: 1) You don't hear someone collecting funds to sue "re-insurers for collusion to keep the price of homeowners or car insurance rates DOWN" You don't hear anyone suing Lloyds' of London when they shop to "counterparty risk-takers' There was and probably STILL is counterparty risk-takers insurance risk/payout pool for various injury possibilities to the Michael Jordon's dainty ankles before his retirement, for Van Cliburn's 10 pianists' fingers do you, for Prince Charles, the Queen of England... etc. 2) You don't see hear of anyone suing the Las Vegas Gaming Authority for rigging the payout according to a prescribed formula. 3) No one is suing a local bank or S&L for packaging home loans and selling them off to someone else to collect in order to get paid now... This whole counterparty risk group concept has been around since BEFORE the FRB was created because the insurance industry was around before the Federal Reserve System was created. The Fed has to do business with someone, i.e., there has to be a buyer and a seller, whether we're talking gold or treasury bonds supply/demand. What's the difference who the FR picks?? So who do YOU think the US Fed Reserve should do business with? Regards, O/49r