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

To: Richard Humphrey who wrote (32416)	4/23/1999 1:13:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116796

Richard, great find, I sure like this quote: "Gold is the constant: a truism echoed by economists everywhere. Unlike Fiat currencies--borne from the Bretton Woods agreement signed in 1946 atop 'Mount Deception' in New Hampshire and subject to the whims of a myriad of variables--Monetas are simple receipts for gold. Monetas can exist either as a paper or electronic certificate representing an exact quantity of physical gold itself, still the most endearing financial instrument ever discovered. Moneta Bancorp simply takes the best of 5000 years of history and updates it with the exciting possibilities of the emerging Internet-based world economy. "

To: Richard Humphrey who wrote (32416)	2/25/2000 4:48:00 PM
From: long-gone	Read Replies (3) \| Respond to of 116796

Bet this was based more on geography: Friday February 25, 2:45 pm Eastern Time US senators ask Clinton to swap SPR oil with firms WASHINGTON, Feb 25 (Reuters) - A bi-partisan group of eleven U.S. senators urged President Clinton to ``swap' crude oil from the nation's Strategic Petroleum Reserve with energy firms to lower heating oil and diesel fuel prices. The White House is already reviewing such a proposal put forward by the Energy Department. Under the department's plan, millions of barrels of reserve oil would be loaned to energy companies that would then sell the crude in the open market. The firms would replace the oil once prices fall. The additional supplies would help push down prices for heating oil, diesel fuel and gasoline that have recently hit nine-year highs. ``We are deeply concerned that these drastic oil price increases could have an devastating impact on the economy,' the senators said in a letter to Clinton on Thursday. ``Accordingly, we urge you to consider an oil 'swap,' releasing oil from the Strategic Petroleum Reserve and replacing it with higher volumes of less expensive crude oil at a specified data months later,' the senators said. Earlier this month, industry sources said the DOE had consulted with Deutsche Bank to develop a program based on the fact that huge premiums now being paid for crude over prices for delivery in months ahead gave Washington the opportunity to lend crude from the SPR and receive larger volumes back at a future date at no cost.(cont) biz.yahoo.com