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ARCHIVED DISCUSSION FROM 1/1/2004 All times are U.S. Mountain Time (Yesterday's Discussion.) Goldilox (1/1/04; 23:09:10MT - usagold.com msg#: 114463) Almanacs and maps? I wonder if everyone who rents a car and exercises the GPS option is suspect? I remember one time I rented in Detroit and was ecstatic to get GPS. The below ground level freeway in Detroit makes it impossible to ever know where you are in relationship to anything important like, say, EDS, or GM, or the Silverdome. None are visible from the freeway. mikal (1/1/04; 22:50:06MT - usagold.com msg#: 114462) @Goldilox http://www.humaneventsonline.com/article.php?id=2716 Thanks for the heads up. When I read that story earlier today all I could think of was these poor tourists who risk life and limb to sneak in for peek of our great nation and now have to worry about being turned in as TERRORISTS. Just for stopping to look at a map in an almanac or staring too long at landmarks.Mexican Diplomat Charged With Helping Smuggle Arabs Into U.S.by Terence P. JeffreyPosted Dec 31, 2003 -Excerpt:"The real life horror story that began eighteen months ago when an Arab illegal alien named Youseff Balaghi showed up at a San Diego hospital, dying from what the Border Patrol initially—and erroneously—feared was radiation sickness, has now reached high into Mexico's foreign service.On Sept. 11, 2001, Imelda Ortiz Abdala was Mexico's consul in Lebanon. On Nov. 12, 2003, Mexican authorities arrested her, according to the Associated Press, "on charges of helping a smuggling ring move Arab migrants into the United States from Mexico." The AP said Mexico had also arrested "alleged ring leader Salim Boughader Mucharafille." Boughader earlier pleaded guilty in the U.S. to the smuggling incident that resulted in Balaghi's death. Unfortunately, this story is not over." Goldilox (1/1/04; 20:56:44MT - usagold.com msg#: 114461) Almanacs the tool of the terrorist trade snippit:In a bulletin sent Christmas Eve to about 18,000 police organizations, the FBI said terrorists may use almanacs "to assist with target selection and pre-operational planning."It urged officers to watch during searches, traffic stops and other investigations for anyone carrying almanacs, especially if the books are annotated in suspicious ways."The practice of researching potential targets is consistent with known methods of al-Qaida and other terrorist organizations that seek to maximize the likelihood of operational success through careful planning," the FBI wrote.The Associated Press obtained a copy of the bulletin this week and verified its authenticity.The FBI noted that use of almanacs or maps may be innocent, "the product of legitimate recreational or commercial activities." But it warned that when combined with suspicious behavior-- such as apparent surveillance-- a person with an almanac "may point to possible terrorist planning."Goldilox:Your TAX dollars at work! What minnow-brain wrote this release? tip from the Farmer's Almanac: Plant your corn early (and place some gold in the furrow??? Dollar Bill (1/1/04; 20:39:52MT - usagold.com msg#: 114460) *>* 2003 Summary 1 Year ReturnS&P 500 28.7%Nasdaq 50.8Dow 28.3Russell 2000 47.3Morgan StanleyHigh Tech 66.0Morgan StanleyConsumer Index 13.3Banks 34.4Brokers 60.4 Internets 78.9Gold Bug Index 68.6 12/31/03 12/31/02 Change10-Year Treasury 4.25% 3.81% 44 bps2-Year Treasury 1.82% 1.60% 22 bpsDollar Index 86.7 101.85 -14.9% Goldilox (1/1/04; 20:38:37MT - usagold.com msg#: 114459) Sinclair's latest Editorial snippit:"As the Euro SpinsWhen we spoke about the Euro at 1.23 with a high side of 1.28-1.30, the naysayers came out in opposition to your faithful servant, Jim Sinclair. You have to love the Euro value spin that is now being produced for political reasons. Here it is. Ms. Talking Head said: "I have calculated the Euro model and back tested it thereby discovering that in the last major currency adjustment, rates of 1.75 to the dollar existed. Therefore my prediction for the Euro to settle down around 1.35 in 2004 is conservative."How about we expand on that a little. Jim Sinclair says: I have looked at a long term chart on gold and discovered that when the Euro Model you mention was hypothetically at 1.75 to the dollar, the gold price was $887.50. Therefore, I expect to see gold trade at $684.60 when the Euro trades at 1.35."Goldilox:Basing his calculations on the spin of finance-TV hype, Jim says shorting the dollar is "downright patriotic", as it seems the "orderly decline" is in the "plan" for hyping US exports. As for his prediction, I'm not sure I follow his math, but I'm all for it.Got gold? Dollar Bill (1/1/04; 20:35:43MT - usagold.com msg#: 114458) *>* "...for months mortgage firms have offered 0% down mortgages....to perpetuate the necessary levels of credit creation to ensure its own survival. This is just the next higher rung of absurdities. They are all signs of the top, until they aren't. The high levels of ARM's as a % of total mortgage originations is another top sign. Until it's not. Who knows what new insanities await us reasonable human beings (aka bears) in 2004?1. Next 0 housing payments for 5 years , then 0 housing payments for 10 years......0 payments on evrything until 5 years, 0 payements on everything untill 10 years....?" steady (1/1/04; 20:29:48MT - usagold.com msg#: 114457) ECOism----------/ time http://www.aljazeerah.info/Opinion%20editorials/2003%20Opinion%20Editorials/December/30o/The%20Pharisee's%20Role%20In%20Gold%20And%20The%20Dollar%20Crash%20By%20Charles%20E.%20Carlson.htm time is on ecoism side. now dig this,since ecoism is really an individual deciding what to do with there time and how they preserve what they created in a certin period of time, its easy to see why time is on ecoism side. with each passing second it becomes apparant that obtaining non taxed property that retains value thru time is the so called e ticket ( rember the e ticket back at the original disney land, yep that e tickit) cause what is happening is that at some point each individual on this planet will have to decide what money is for themselvs. some may think that that event has allready happend and is a moot point, but as illistrated by the reintroduction of the dinar others have opposing viewpoints. the above linked article showing an atricle printed in a newspaper demonstrtes that yes ecoism is alive and spreading. well i can here the naysayers now so what the majority of the masses are illiterate and have very little resources to have any negative effect upon the bankers. but thats the beauty of ecoism its spread by teaching and having each individual think it through for themselvs to come to there conclusion. the key will be those who are literate to be able to demonstrate it to those who are not, not necessarily in words but with obects as well. Personally i think that those who try to understand the current planetary monetary system will conclude that..... gold and silver. honest money for . honest peopleis the best policy.another reason time is on ecoisms side is that once understood and grasped it almost becomes perpetual as each succesive generation fills in the previous one about understanding money/ property/ fiat script and currency, something this planets current monetary system almost wiped out, and probably would have if the grand experiment would have lasted another generation. so it becomes a perpetuary type of thing.yall got time to add time as a plank on ecoism platfom where it joins integrity and a reflection but not a mirror image of mercantilism and nationalism, honesty and uh um i forgot dam guess i best start keeping track of whats on that platform before it dun tumpbles over!ECOism ---- changing the worlds monetary system one mind at a time! a nation of one (1/1/04; 19:42:57MT - usagold.com msg#: 114456) pog I think we may have seen the last of 375. specie-man (1/1/04; 18:23:07MT - usagold.com msg#: 114455) @Belgian I think we are saying similar things. For now, Japan can be counted on to do the Fed's bidding and help the Dollar and Yen fall together in a controlled manner.But that won't always be the case. Goldilox (1/1/04; 17:42:26MT - usagold.com msg#: 114454) "Added Value" @ JavaMan, BelgianYour post -"As a follow up to my last post, msg#: 114122 it seems that maybe some of those corporations inclined to sell out the American worker in favor of cheap, overseas labor are discovering that the grass might not be so green on the other side of the fence. What they are discovering is what I would describe as the "added value" of maintaining ones own resources by running projects locally rather than exporting them overseas. The whole IS bigger than the sum of its parts." - gave me thought about added incumberances in addition to added value. Expansionist history is filled with third world economies deciding they no longer cared to have "their" industry controlled by outside investors. British textile manufacture was exported to colonies with resulting trade wars and cecessions. Nationalization of petro-chemical and mining resources in the Mideast and South American "colonies" - a large part of the motivations for WWI, WWII, and the mostly unpublicized South American holocausts in the 20th century. In order to accomplish Belgian's view of a tempered "horizontalization", the perceived master/slave relationship that has been perpetuated in the rule of capital over resources will have to equalize, hopefully non-violently. Wars have always been about "CONTROL", usually capital and market control. The US worker is becoming angry about the mess left in his lap. Rising prices and falling employment is not a pretty picture from the "main street" perspective (not Wall St.). Will the banks and corporations invest abroad, only to lose it AGAIN and demand Us taxpayer bailout?As a f'rinstance, if China builds a magnificent manufacturing machine on foreign capital and decides a larger proportion should belong to "the people" (not unlikely in a Communist state), will we witness another annexation and debt default to accomplish this shift, or as Belgian says, can it be done in a controlled, peaceable flow?The last century witnessed the political fall of large nationalistic and socialistic enterprises, only to be replaced with, in many ways, similar political bodies. After defeating Nazi Germany, Fascist Japan, and Communist USSR, the Anglo-US "military-industrial" socialism has expanded to attempt mastery of the global economy. The mostly socialist Euro Union and Communist China are the rising socio-economic alternatives.Not much has really changed, but the names have evolved. Free enterprise is only a figure of speech, as governments continue to meddle in all forms of trade, and banks continue to meddle in all forms of government. Just where does the impetus for change originate in the hope for tempered "horizontalization"? Melting Pot (1/1/04; 17:10:45MT - usagold.com msg#: 114453) Japan Sold 2.25 Trillion Yen From Nov. 27 to Dec. 26 http://quote.bloomberg.com/apps/news?pid=10000101&sid=amhgVwUEp_cU&refer=japan Imagine that, a secret deal between Japan and the US for a cooperative (if not competitive) currency devaluation of both the Dollar and Yen. If you look at the price of gold in various major currencies, it has risen the most against the Dollar and the Yen (in other words, those two currencies have generally declined the most).Japan becomes a "valve" under the control of the US Fed. the valve controls the rate of decline of the dollar. --specie-man (1/1/04; 15:48:43MT - usagold.com msg#: 114446)Japan Sold 2.25 Trillion Yen from Nov. 27 to Dec. 26. Next check out "The Debt To the Penny:"12/30/2003 $6,915,186,083,875.2512/29/2003 $6,916,516,664,113.5212/26/2003 $6,915,121,384,308.1212/24/2003 $6,927,206,071,138.9112/23/2003 $6,930,329,859,205.3512/22/2003 $6,923,902,827,390.0912/19/2003 $6,921,782,749,480.2412/18/2003 $6,922,308,687,684.8012/17/2003 $6,932,242,837,786.4812/16/2003 $6,937,495,551,032.6812/15/2003 $6,935,737,372,166.9412/12/2003 $6,939,710,592,770.2412/11/2003 $6,939,621,502,947.3612/10/2003 $6,936,475,127,245.8712/09/2003 $6,940,395,230,585.3612/08/2003 $6,940,376,825,298.3612/05/2003 $6,937,966,948,177.2812/04/2003 $6,939,572,558,142.7212/03/2003 $6,936,234,103,128.5012/02/2003 $6,918,260,082,500.9912/01/2003 $6,914,406,243,287.65SOURCE: BUREAU OF THE PUBLIC DEBThttp://www.publicdebt.treas.gov/opd/opdpenny.htmspecie-man I think your onto something.....when comparing the public debt to yen intervention! Goldilox (1/1/04; 16:57:05MT - usagold.com msg#: 114452) DR Archives as benchmark for 2004 Reading the posted archives over at the Daily Reckoning gives me another indication that the only thing changing radically is the dollar; compare the current state of things to 7/11/2003.snippit:" Gold is $344. That is more than it was yesterday, but less than it was a few weeks ago. But how will it seem to us in 5 or 10 years...after Ben Bernanke, Alan Greenspan and Robert McTeer have melted down every press at the bureau of printing and engraving in their desperation to head off a Japan-style deflation?At today's price, it takes 26 ounces of gold to buy the Dow. Investors - if they think about it at all - are inclined to think that next year, it might take 27 or 28. We pride ourselves on the elasticity of our imaginations - did we not think that George W. Bush would be a decent president? - but we cannot stretch our imaginings so far as to believe that Alan Greenspan's dollars, and the stock market itself, will rise against gold in the years ahead. The world's investors and central banks have favored stocks and dollars over the last 20 years. Now, they have plenty of them - held at basis cost far above what they are really worth. They will almost certainly be marked down...and gold marked up...before this decade is over. Our prediction: sometime in the next 10 years or so, you'll be able to buy the Dow for just one ounce of gold. Our advice: buy gold any time the price drops below $350. Then, when it rises above $350, buy more."Goldllox:Today's DOW of 10453 can be purchased with 25 Oz of "real money", so gold has outpaced the DOW, but only a little so far. More obvious is the fact that buying the DOW, gold, euros, pork bellies or pistol futures has protected US$ assets from the dollar's fall, but rendered no inherent growth as measured against any other benchmark.As the rubberbands powering the US economic recovery stretch and tighten, look for 2004 to open the gap between buying just "anything" to protect assets, and buying the "right" thing to protect assets. My Prediction: DOW starts the year worth 25 Oz gold and finishes at 15 Oz., with the steepest part of the slide toward the November elections and beyond.Does that mean DOW 7500 vs. Gold $500?DOW 12000 vs. Gold $800? DOW 15000 vs. gold $1000? It doesn't really matter to one who properly weights investments . . . the ratio is much more indicative of value.The latter of the three may be more probable as Dubya, AG, et al, continue to enable dollar erosion with their "paper covers rock" philosophy. Their deluge of paper is bound to meet its destruction in the "scissors" of price inflation, insuring that gold will definitely buy bigger baskets of things - particularly anything paper-connected. I wouldn't want to be in the wallpaper industry in the coming years, as the competition to supply "decor" will be fierce.Got gold, your PM insurance policy? The window is closing! JavaMan (1/1/04; 16:53:09MT - usagold.com msg#: 114451) (No Subject) http://biz.yahoo.com/bizwk/031231/sb200312313576_1.html Hello White Hills! Thanks for the acknowledgement last week. It's been quite a while hasn't it. Your quote: "Industry is always destroyed at the point of money creation" sounds to me like what I used to refer to as an OROsm. Now there's an intellect!And in your msg#: 114441 you said: "It is hard to believe that the US will stand by and let the dollar crash or go down to the point our standard of living is lowered to the rest of the worlds…"I agree, it would be hard to believe yet it appears to be happening, even as we speak. As a follow up to my last post, msg#: 114122 it seems that maybe some of those corporations inclined to sell out the American worker in favor of cheap, overseas labor are discovering that the grass might not be so green on the other side of the fence. What they are discovering is what I would describe as the "added value" of maintaining ones own resources by running projects locally rather than exporting them overseas. The whole IS bigger than the sum of its parts.Read the article at the link above for the latest feedback from one individuals experience. Interestingly enough, the article doesn't really give any indication of the impact of the falling dollar. Seems to me, if the loss of purchasing power of the dollar isn't factored into the findings of the article, then as far as the exportation of jobs goes, things can only get better.And lastly, I was remiss in not saying "Thank you, Randy" regarding your email…you're a gentleman and a scholar…not many of us left!javaman Clink! (1/1/04; 16:50:06MT - usagold.com msg#: 114450) @ White Hills You wrote :-'Remember the Trump that the US holds in its hand, the US Military ,the premier fighting force in the world.'I've been thinking about this over the past few weeks. The first point (which I remember reading at the beginning of last year but am sure is a much older quote) is that if the only tool you have is a hammer, every problem will look like a nail. I think that is over-simplifying, but it leads me to the next one. Remember how the horse was made obsolete by the mechanized transport in WW1, as was the battleship by aircraft (and their carriers) in WW2. Could it be that the fact of having that 'premier fighting force' actually is becoming more of a liability than an asset, because the tool is being asked to do something for which it was not conceived. A disproportionately small number of opposition forces - whether you want to call them terrorists or nationalists or whatever - is tying down a vastly superior force because the latter is forced to wear kid gloves.You also said :-Pushed to the breaking point I expect a radical solution which will surprise all but a few insiders. Isn't it always that way?Absolutely ! In fact, I find the scariest thing is when you see people in high places doing things which, on the face of it, seem to be leading to certain catastrophe for all. Now, are they really as short-sighted, or self-serving, or just plain stupid as they appear, or is it just that they are privy to facts and options that we can't even dream of ?C! Belgian (1/1/04; 16:45:44MT - usagold.com msg#: 114449) @specie-man Don't count on Japan for anything. Japan will be brought to new proportions, because of its past (and present) dollar-alliances (since 1945) and the fast growing and irreversable, China factor. Japan has tonnes of ever growing paper-bergs...dollar-DEBT-paper !!! Japan was forced into the post WW II, US military logic. This planet CANNOT go on with the growing, almighty, dollar-DEBT-bergs, served by the most sophisticated confetti printing machines.Simply accept that all dollar-paper and its derivatives are WORTHLESS ! It *IS* as dramatic as it sounds ! Japan's role has been reduced to a simply and practical, time-buying tool. Later on, Japan will certainly morphe into another idendity, after the dollar lost its reserve status. One cannot support a desintegrating debt-dollar with faster and faster printing machines. Soon w'll have so much dollar-debt-paper that the rotation velocity of all this paper will decline dramatically, due to its ever growing mass.I see no solution for the dollar-system as it exists, today.This for as long as the *oil-Gold-euro* tandem keeps moving in lockstep. Belgian (1/1/04; 16:16:12MT - usagold.com msg#: 114448) @White Hills Allow me to repeat ONE very important thing, please : Nobody...NOBODY... wishes any variant on any kind of *destruction* of the US or its military might and old partnerships !!!But everybody wants an "horizontal" relationship and the replacement of the lost dollar-system that had to be supported and accepted for much too long. Much needs to be brought to the right proportions.Don't rush/swing into apocalyptic doom-scenarios !!! It is absolutely in nobody's interest to force/maneuver anyone into a corner and/or provoke "radical" action(s). Transatlantic relations (US/EU) are changing but NOT disappearing !!! We simply have to get rid of the dollar-system...SYSTEM... and replace it with something much,... MUCH better...for all of us ! This takes time to swallow and make it work. Note that up until now, nobody shows any threathening signs of irresponsible behavior. And the Iraqi crisis needs a solution anyway. If only the US would accept an International solution, things would go much smoothier as to the benefit of all.War-tired and growing Euroland will play a new and modern mediating/moderating role as a go between of world powers.Don't underestimate the attraction of such a growing "positive" force.Think about the coming new Free Gold Market as a the ultimate peace tool. No more destructive and exhaustive confetti wars !? More harmony and less domination. The whole Middle East problem and a lot of its derivatives can reach a lasting solution when we could solve the fast growing problem of the remaining oil reserves on our planet.We are not going to make things better when falling into the temptation of doing stupid things.Starting a new year with some realistic optimism ...and wishing you also a "happy" '04, WH. Clink! (1/1/04; 16:15:48MT - usagold.com msg#: 114447) A Good New Year to All ! I wish everyone here at the Table health, wealth and happiness in the coming 12 months.C! specie-man (1/1/04; 15:48:43MT - usagold.com msg#: 114446) 2004 - the key is Japan & COOPERATIVE currency devaluation The key, as I see it, is Japan.They are the ones currently holding back the US dollar from a collapse.I am wondering if the US Federal Reserve and/or government has a secret deal with Japan.If not for their net trade surplus, Japan's finances would be far worse than those of the USA. Their interest rates are at 0%. Their government debt is enormous. They are printing (borrowing) Yen like mad to purchase Dollars and strengthen the Yen relative to the Dollar. And yet, the Yen keeps trying to climb relative to the dollar. Of course, when Japan sells Yen to buy Dollars, it means that someone must be buying those Yen.Who on Earth would be buying Yen under these conditions !!??In other words, the Japanese government wants to sell Yen and buy Dollars. Someone else out there is selling them Dollars for Yen, and then some. Who ? And Why ?Could it be ... SATAN !! (image the Saturday Night Live skit here). No, really, could it be the USA ?Imagine that, a secret deal between Japan and the US for a cooperative (if not competitive) currency devaluation of both the Dollar and Yen. If you look at the price of gold in various major currencies, it has risen the most against the Dollar and the Yen (in other words, those two currencies have generally declined the most).Japan becomes a "valve" under the control of the US Fed. the valve controls the rate of decline of the dollar.This would be a new trick. A COOPERATIVE currency devaluation, which allows for precise control of the rate of decline. But the secret agreement is that the Dollar will decline MORE than the Yen. The fact that Japan recently made an enormous increase in the amount of Yen it will borrow for currency intervention may actually signal accelerated declines in the dollar. The Yen will decline, but the Dollar will decline more !How long will this last ? The longer it lasts, the longer the run-up in the price of gold will last.I suspect that this cooperative devaluation will continue (perhaps accelerate) until one of the two parties "bails". That will happen when stagflation hits highly-uncomfortable levels due to competitive/cooperative currency devaluations by major countries that are not part of the USA/Japan pact. Belgian (1/1/04; 15:37:57MT - usagold.com msg#: 114445) About Gold and currencies.... Since the introduction of the euro, the only currency that can buy less and less Gold, is the US$ ! The same is true for oil. More and more dollars are needed to obtain that same barril of crude. This happens when the dollar is going, military, for the remaining oil reserves on planet earth.Oil - Gold - euro, are walking hand in hand and are leaving the dollar behind, regardless of the "old" military-dollar-logic. In 2004, we might gather more explicite evidence of this ongoing process. Euroland's euro goes on building its relationship with China as the US' dollar did with Japan.Both relationships (old and new) are on oil-fundamentals.((( Euroland/China joint space programs-Belgium designated as sole coordinator for International assistance to Iran's disaster (eartquake) aid)))The world is moving away from the US$ without war, through the BIS as the INTERBANK Gold broker. This in a globalizing world where all economies become truly equal in production and where only the fiat exchange rates are responsible for "profits" !All those fiat currencies are NOT competing for "Value" but for "Usage", next to the only two real assets, "oil" AND "Gold".In 2004 it will be more important as to WHO, *** OWNS ***, the precious metal. The BIS is (imo) responsible for the orderly decline (devaluation) of the dollar exchange rate against oil-euro-Gold, as to buy time for orderly deployment of the Big reserve currency transition. The euro's stability against Gold, for already 4 years now, is indirect evidence for the ongoing $ > € transition.Isn't it remarkable that US'interest rates remain relatively contained (low) against the orderly slip-sliding of the dollar-reserve ? I wonder for how long the rising US stockmarket will offer deceptive refuge to the declining dollar ? The US$ losing "purchasing-power" against the 3 major assets : oil-Gold-euro (trio) without explicitely provoking "general" price-inflation for the time being.What can the dollar do against the overmight of such a solid trio (oil-Gold-euro) as to maintain its reserve status ? As soon as the dollar rises IRs, we have evidence of throwing the towel into the ring. This might probably happen towards the end of 2004, probably coinciding with the expiry of WAG I (sept.'04) !? Toolie (1/1/04; 15:04:54MT - usagold.com msg#: 114444) 2004 1/ The US$ will weaken to 80$index by mid March. Hold till the end of July then descend to close the year at 65$index. Gold will appreciate slightly in Euro terms as the dollars nears 80. Below there, all currencies move into gold. 2/ Some ME oil is already being delivered for Euros. (Just a poorly formed suspicion in my mind.) 3/ Euroland will offer… and the ME will demand…. A STRONG, but inflating euro-currency for the prospect for a larger portion POO settlement.4/ GWB looses the election. A spoiler (?) appears (JV?).5/ The Goldbugs FINALLY whoop Hammerton! Though the ringleaders escape, across the eternal seas to the isle of swindell. Goldilox (1/1/04; 14:42:38MT - usagold.com msg#: 114443) Pharisee's role @ LWThis article linked a group in Scottsdale called "We Hold These Truths", an honest money, antiwar lobby which appears to be the point of origination. I think Al Jazeera just reprinted it in sympathy to the article's conclusions.I especially like the inference that a Gaza peasant has more respect for gold and less "trust" in currency, given his KNOWN tenuous existence.Gold is sooooo much more understandable when one realizes that Caesar's clipped currency only benefits Caesar and bends everyone else over to pay for it. The CoinGuy (1/1/04; 14:14:08MT - usagold.com msg#: 114442) Oil Price Trend may surprise next year http://www.globeandmail.com/servlet/story/RTGAM.20031227.woil1227/BNStory/Business/?query=opec Snippit:Mr. Gobert of Peters & Co. said there has even been speculation that OPEC might make a formal break with valuing its oil index in U.S. currency, opting instead to use the euro. If the cartel did so, any further devaluation in the U.S. dollar would boost the price of oil, at least that of the OPEC basket. And such a development would be one of the most significant events in the energy sector in 2004, he said.Comment: The rest of the article isn't worth the electronic digits, plenty of balloons being blown and released in this sector.The CoinGuyP.S. Specie - Thank you White Hills (1/1/04; 13:59:42MT - usagold.com msg#: 114441) Belgian Happy new year. Always enjoy your posts and the insight they offer. I see it pretty much as you do and am betting on it by gold purchases. But, we must remember the other ingrediants in the mix, Power and Politics. It is hard to believe that the US will stand by and let the dollar crash or go down to the point our standard of living is lowered to the rest of the worlds, that would be political suicide for what ever administration and political party in power at the time. I expect that what ever is done very few will know or see it coming. Remember the Trump that the US holds in its hand, the US Military ,the premier fighting force in the world. Remember it was the US that took the dollar off of the gold standard and left the world with dollars backed by nothing but the full faith and credit of the US. Pushed to the breaking point I expect a radical solution which will surprise all but a few insiders. Isn't it always that way? White Hills Belgian (1/1/04; 13:34:08MT - usagold.com msg#: 114440) 2004 1/ The US$ will "weaken" further in Gold as the euro will remain "stable" in Gold.2/ The weakening dollar (against Gold) will lose, gradually, its oil-backing from the Middle East.3/ Euroland will offer...and the ME will demand... a stable euro-currency for reliable oil flow at stable euro-prices.4/ The dollar will gradually bid for the euro. The POO will make the "trading-field-level".All eyes should be pointed on the, out of sight, BIS !!!Watch : 1/ POG in dollar AND euro. 2/ dollar-euro exchange rate. 3/ POO in dollar. The evolving new trading field level, steadily moving away from the dollar usage ! Waverider (1/1/04; 11:06:29MT - usagold.com msg#: 114439) The Pharisee's Role In Gold And The Dollar Crash http://www.aljazeerah.info/Opinion%20editorials/2003%20Opinion%20Editorials/December/30o/The%20Pharisee%27s%20Role%20In%20Gold%20And%20The%20Dollar%20Crash%20By%20Charles%20E.%20Carlson.htm "If you were to ask your local bank VP to explain the relationship between gold and the dollar, you could expect a long and confusing answer, ending with something like this: "Nobody knows what will happen in the final analysis." Your banker's MBA or PHD degree does not equip him to understand anything as basic as what makes gold and the dollar go up and down. But the big usury-bankers (internationalists with license to print diluted money out of thin air) who own and run the Federal Reserve anti-bank and its clone anti-banks in world financial centers understand gold very well. You, too, can understand it and so can your l3-year old, if he is bright and willing. Here are a few questions: What do serial wars have to do with gold and the dollar? How is our currency diluted? What does the Federal Reserve System (FED) do? Why didn't CNN or 60 Minutes explain this? Who owns the gold? This, Part I of GOLD: A REDISCOVERED INVESTMENT explained why logical thinking persons might buy gold now and why it made less sense to do so in past decades." Waverider: I found this an extremely interesting and pragmatic article written from the Arab perspective and published in Al-Jazeerah. Happy New Year All! Toolie (1/1/04; 09:00:37MT - usagold.com msg#: 114438) The Man that Corrupted Hadleyburg http://www.boondocksnet.com/twaintexts/twain_hadleyburg01.html I recently found the text of one of my favorite Mark Twain short stories on the web. I hope you all find it as enjoyable as I do.Snips: It was many years ago. Hadleyburg was the most honest and upright town in all the region round about. It had kept that reputation unsmirched during three generations, and was prouder of it than of any other of its possessions……………………..But at last, in the drift of time, Hadleyburg had the ill luck to offend a passing stranger--possibly without knowing it, certainly without caring, for Hadleyburg was sufficient unto itself, and cared not a rap for strangers or their opinions…………………….He began to form a plan at once, saying to himself "That is the thing to do--I will corrupt the town."………The old lady was afraid of the mysterious big stranger, and was glad to see him go. But her curiosity was roused, and she went straight to the sack and brought away the paper. It began as follows:"TO BE PUBLISHED, or, the right man sought out by private inquiry-- either will answer. This sack contains gold coin weighing a hundred and sixty pounds four ounces--"*******************************************-Off to walk the golden trail. Happy New Year all! physicalman (1/1/04; 07:10:13MT - usagold.com msg#: 114437) (No Subject) I just could not resist having the first post of the new year. Gold (and silver) Get it soon! ViewYesterday's Discussion.
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