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ARCHIVED DISCUSSION FROM 8/31/2001 All times are U.S. Mountain Time (Yesterday's Discussion.) Netking (08/31/01; 23:28:23MT - usagold.com msg#: 60636) Silver bugs - US Mint's potential purchase I heard elsewhere from a respected source that in the WSJ(Washington Wire section):The US Mint is procrastinating whether to produce ANOTHER 500,000 Buffalo-head silver dollars, since the first batch blew out the door. What was Not mentioned is the fact that the US Mint will be out of silver, VERY soon, and will fear the day, when that comes around (wouldn't you?) . . . You gotta pity these govt. officials, tossing & turning in their beds in a cold sweat after reading Sir's Ted Butler & Dave Morgan's analysis & PM articles, they'll be thinking about how much they need to buy over the next two years. Apparantly these are the coins that sold for $30+ per ounce, so you'd think they'd be pumping them out like crude oil, faster than than they can print new money yes? It might be suggested that the US Mints needs are small compared with the overall silver market demand & Supply? No Sir!, it won't take much to turn this market, even a 1% purchase of total physical annual supply could be enough to start a chain reaction, the market is tight . . . if the US Mint doesn't buy 'em now, well how much do they want to pay, next year or the year after? Black Blade (08/31/01; 23:19:09MT - usagold.com msg#: 60635) RE: BR549 - Jackson Hole or Cody? You might be thinking of Jackson Hole, WY. You can see the Tetons from there. Yellowstone is just north as you go past the Elk Refuge and past Jenny Lake. Cody is at the east of Yellowstone and you see the mountains of Shoshone Nat. Forest to the west. Both places are rather "Touristy" for the flatlanders though. Easy to confuse them. Generally the people in the western states are quite friendly and stop to give a helping hand. Quite different from the East and Left coasts. Refreshing to see that - heck, even I tend to stop and help out stranded motorists - that's something almost unheard of elsewhere. Maybe you can visit this part of the country again sometime. Cody has the Buffalo Bill Museum (?) with the display and artifacts of the Plains Indians (Indigenous Peoples for the politically correct), and a summer long Rodeo if you like that kind of thing. Jackson has a nice saloon called the Silver Dollar. The bar is inlaid with Morgan Silver dollars and the bar stools are saddles. Cheers!- Black Blade Note: What would be interesting is to have several regional USAGOLD forum poster "get togethers" and link pictures in an archive from different parts of the USAGOLD universe. Just a thought anyway. Sierra Madre (08/31/01; 23:13:18MT - usagold.com msg#: 60634) A video that would be a treasure for years to come.... Would give us two hours of viewing recordings of the principal gurus and analysts pushing the stock junk, back in late '99 and through 2000, that was going to sink the American investor who listened in awed respect to their advice and sank his life's earnings into the trap set for him.Now THAT would be worth seeing on the History Channel! It would be precious indeed!But, of course, we will never see it. No way!Sierra Chris Powell (08/31/01; 23:06:46MT - usagold.com msg#: 60633) Where is gold's Patton? Bill Murphy answers Mining Web's Tim Wood http://groups.yahoo.com/group/gata/message/877 Where is gold's Patton? GATA's Bill Murphyreplies to Tim Wood's question atwww.TheMiningWeb.com.http://groups.yahoo.com/group/gata/message/877To subscribe to GATA's dispatches by email and get them immediately so you don't have to go look for them, send an email to:gata-subscribe@yahoogroups.com BR549 (08/31/01; 22:43:54MT - usagold.com msg#: 60632) On vacation with BB This doesn't have anything to do with GOLD but since we are all on vacation. I was in Cody, WY in a brand new Motor Coach pulling a tow vehicle when I noticed I had a flat. We pulled into the local tire store and expected a "hosing" and a wasted day. Not only did those people fix our tire by replacing it, they got us an adjustment and put us on the road again in record time. What a great place. And what a view of the Grand Titon Mountains in the background. My Rottweiler who travels as a security protection alarm does not like the buffalos grazing in Yellowstone NP for some reason.The only thing better than when the mantra was "Buy The Dips!" is "dollar cost averaging" now that we are in a bear market. You don't hear much of that anymore either.OK, buy physical Gold instead of Dollar cost averaging even if you are on vacation. Black Blade (08/31/01; 22:21:48MT - usagold.com msg#: 60631) RE: CB2 and BR549, Just rolled into Lake Village in Yellowstone NP. Cheers from Yellowstone! Came through the Big Horn Mtns. (Yellowstone East). Had I known that I was going to have some time on my hands I would have tried to contact Sir Pheonix for a tall cold "Golden" one as I went through Cody, WY. If he's reading this maybe we can still do that on Monday afternoon (La Comida, Irma's, or The Gardens perhaps?). Looks like we have a lot to reflect on as we await the market action in Asia and on Tuesday in NY. As I have said, there is just absolutely no positive news whatsoever in the Global economy, and that "Leaked" draft IMF report calling for a devastating "Global Recession" just put another nail in the coffin. I am hearing from several sources that there simply isn't any good news or any reason to get into the market at all. Some people say that they are "on the sidelines" until there's a reason to jump in. Not a one says that they are going bargain hunting. What a change from past days when the mantra was "Buy The Dips!" Gold and Silver looks to be the smart move now along with some defensive plays for portfolio protection (preservation of wealth) while we await the real "fallout" as this Recession deepens. In a word, this Global Economy looks "Grim." Cheers!- Black Blade BR549 (08/31/01; 21:41:59MT - usagold.com msg#: 60630) So is this inflation or deflation? -the hoarding of currencies by citizens fearing the worst-sustained decline in the aggregate level of prices-retail stores report diminished sales except for some discounters-prolonged erosion of economic activity reflected in lower earnings-existing supplies exceeds aggregate demand -inventories building to record levels-market prices do not cover expenses and corporate profits are falling-significant erosion of productivity in manufacturing-reduction in the long-term pace of capital investment -decline in technological development-high unemployment changes in the composition and age of the labor force-shift away from manufacturing activities to service industries-rapid proliferation of government regulations-diversion of capital investment into nonproductive uses-growing scarcity of certain raw materials-social and political developments that have reduced work incentives-various economic shocks such as international monetary and trade problems-large oil price increases-manipulation by government in free market price of gold-no demand for money at zero interest rates as the BOJ has proven exists-the fear of inflation used as a tool to combat the real problem of deflation-the escalating exchange of FRN's & other valued assets for physical gold and silverSo which is it?You conceptual types do not recognize any form of deflation for two reasons-1. fiat can never be deflated by definition2. you do not understand what deflation isAm I wrong? BR549 (08/31/01; 20:35:25MT - usagold.com msg#: 60629) In reference to my expert in the theory of Austrian Economics. Money supply increasing is a sign of inflation, decreasing the opposite. Deflation is really what is going on. You have gotten me interested in this and I am still investigating. My leanings to date have been towards the Milton Friedman School but my mind is open. Sorry, my friend, "my bad". I did misinterpret your wise thoughts earlier. I am still one of your biggest fans and I pay attention to each of your posts. You integrity has never been in question.Blame it on a "bad day" in the neighborhood. Now that Mr. Rodgers is gone, it will be tougher and tougher on all of us.Warmest regards,BR549 Chris Powell (08/31/01; 20:34:01MT - usagold.com msg#: 60628) Where is gold's Patton http://groups.yahoo.com/group/gata/message/876 The Mining Web asks: Where is gold's Patton?http://groups.yahoo.com/group/gata/message/876To subscribe to GATA's dispatches by email and get them immediately so you don't have to go look for them, send an email to:gata-subscribe@yahoogroups.com BR549 (08/31/01; 20:14:37MT - usagold.com msg#: 60627) Just north of Alan Greenspan in Jackson, WY Black Blade (msg#: 60623)—"Speaking of holiday weekend, I am gone to Yellowstone NP (just north of Alan Greenspan in Jackson, WY) for some hiking, fishing and beer consumption with family and will check in occasionally."BB-How in the heck are we supposed to find out what is going on in the "real world" without you. Did you get this time off approved by us here at the forum? I love Yellowstone NP and Jackson Hole, both are some of my favorites. No kidding, I join my friend c2b in applauding your links. Have a great time. If you run into AG out there on the trail, you know the questions to ask him. And drink a tall one for us here slaving over a hot keyboard while you are gone.Randy—I think that you are taking entirely too long in making that sandwich for lunch. No hurry, I am just curious as to what I misunderstood earlier. I have doing a little research on the Fed that I will probably be ready to go with tomorrow or after the Holiday.Regards,BR Centennial Precious Metals, Inc. / USAGOLD (08/31/01; 18:05:00MT - usagold.com msg#: 60626) Last chance/notice on these Swedish gold kronors... to be replaced tomorrow with a new offer! http://www.usagold.com/onlinestore/special.html
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