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Welcome to the USAGOLD Gold Discussion Archives. The archives of this gold discussion forum are a treasure trove of information to educate investors about protecting their wealth through portfolio diversification with private gold ownership. The discussion forum also covers the wider issues of the past, present, and future role of gold in international monetary policy and the dynamics of the modern gold markets...   (Discussion Forum Hall of Fame) (The Gold Trail) ("Thoughts!" by ANOTHER)   The opinions posted by all guests are expressly their own and do not necessarily represent the views of the management or staff of USAGOLD - Centennial Precious Metals. The hosting of the public discussion shall therefore not be construed as an endorsement by USAGOLD - Centennial Precious Metals of any of the opinions posted here.

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ARCHIVED DISCUSSION FROM 9/21/2003
All times are U.S. Mountain Time

(Yesterday's Discussion.)

Gandalf the White (09/21/03; 23:44:58MT - usagold.com msg#: 109145)
Anybody notice that DOWN GAP in the good ol'e US$ ?
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=d1
Not a pretty Chart !
<;-(

GratefulForGold (09/21/03; 23:35:31MT - usagold.com msg#: 109144)
Misc. before I go to bed...
Ananse @ msg. #109139: Thank you for your input. I haven't had time to explore their site yet but look forward to it. BTW, the link is www.seedsavers.org. Your link posted had "savors" which led nowhere. I just mention this in case anyone else tries to go there and gives up.

It is indeed alarming when we get down to food supply. I shudder to think about what horrors I will discover when I start researching what they are doing with our water supplies. Procrastination sometimes preserves sanity.

mabry21 @109138 -- 60 Minutes. Hmmm. Why am I so cynical that I have to wonder "why" they show anything relevant on TV? I guess my off-the-top conclusion is that it is some of the "appearance" of differences that they are trying to convey regarding Democrats/Republicans. There is a theory that they (the global powers, whoever they are) will let Bush jr. go by the wayside, the same as poppa. If that is their game plan, the 60 Minutes show would be a good foundation upon which to build his demise. But, you're right, most Americans are too busy watching NFL or their "reality" garbage to cognize reality...even when it bites them in inappropriate places.

Goodnight (really)!

Lady GFG



Waverider (09/21/03; 23:06:44MT - usagold.com msg#: 109143)
Nikkei sinks four percent on Takenaka report
http://biz.yahoo.com/rf/030922/markets_japan_stocks_1.html
Snip:
"TOKYO, Sept 22 (Reuters) - Japan's Nikkei average was down four percent in early Monday afternoon trade as bank shares reversed morning gains after a report that Heizo Takenaka would be replaced as financial services minister in charge of banking."

Waverider: Is this the result of pressure from the G7?

GratefulForGold (09/21/03; 23:05:35MT - usagold.com msg#: 109142)
Dollar Bill @ msg. #109126
Thank you for your kind words (even when you thought I was a "sir" and not a "lady"). For better or worse, for now, I seem to be willing to hit the "Submit Message" button with impunity! I suspect that it is my unconscious way of expressing some sense of urgency and a feeling of "it's different this time" with gold and silver RIGHT NOW.

Your acceptance did help me feel more at home posting here, in my own way with my own feelings. I appreciate that very much. My mind does loop around in various circles and what I may post wlll probably not always be on topic or intelligent. However, as far as I can tell, there is not much in life that lies outside of the need for survival. And, color me a silly fool, but I'm in the camp (the very same one as those global power mongers/manipulators) that believes PHYSICAL gold and silver will at least give me a tad more bargaining power.

Nope, I can't eat gold (or silver). But I betcha that someone who may have more than they can eat would surely trade me some of it for some of my gold or silver. Now, that's a far cry from the home that I'm planning on spending some of my gold on (in the future). But, it is a sterling example of the versatility and power of gold. If things deteriorate so much that buying my dream home with my gold goes by the wayside...that very gold will buy me some food (and much more). Pity, that the paper US$ will get lost in the shuffle...or the "avalanche" of paper that one of our knight's name predicts.

My best,

Lady GFG

Carl H (09/21/03; 22:51:01MT - usagold.com msg#: 109141)
Treasury's Fisher a possibility to lead NYSE-NYT
http://biz.yahoo.com/rf/030920/financial_nyse_fisher_1.html?
--- Begin Snip ---

NEW YORK, Sept 20 (Reuters) - Directors of the New York Stock Exchange (News - Websites) identified Peter Fisher, the Treasury Department's under secretary for domestic finance, as a possible candidate to lead the exchange, the New York Times said on Saturday.

--- End Snip ---
--- Suppress Gag ---

Fisher belongs in jail for his involvement in rigging the Gold, Silver and Stock markets. He should not be running the NYSE.

Got Physical Gold?


DummyANI (09/21/03; 22:02:01MT - usagold.com msg#: 109140)
Nikkei225 down 410 point at JST:13.00. Sell a paper asset.
Nikkei225 down 410 point at JST:13.00. Sell a paper asset.
Nikkei225 down 410 point at JST:13.00. Sell a paper asset.

CRB index will be ignited by a weak dollar. This instructs investors to sell a paper asset.

Volcano Mt. Comex-Gold will be erupted by an overflowed trush currencies.

D-ANI: Buy a gold, sell a Yen.



Ananse (09/21/03; 21:50:02MT - usagold.com msg#: 109139)
Sources of heirloom seeds and animals
www.seedsavors.org
To Grateful for Gold and others who have mentioned Monsanto and GM crops:

What is being done to agriculture is very similar to what is being done to PMs. It is appalling. The link above and the one following are to two non-profits who work to save and manintain the genetic pool upon which agriculture needs. For animals: www.albc-usa.org

21mabry (09/21/03; 21:09:25MT - usagold.com msg#: 109138)
60 minutes
Tonight 60 minutes exposed the absolute travesty going on in the world.It ran a story on key goverment officials and there relationship to large corporations.In particular Vice President Chennys relationship with haliburton.The monetary numbers are staggering,3 star generals given jobs as ceo's in defense contractors companies.Why did 60 minutes run this story I do not know,I think it was allowed to be shown because the powers that be said lets tell the american public what were doin.Then they said don't worry the vast majority only care about the NFL and beer.What a travesty this story was,the founding fathers are turning over in their graves.21

Clink! (09/21/03; 20:37:26MT - usagold.com msg#: 109137)
@mk
Well, of coursse, we ssaw a number of posstss that had uss in sstitchess, yess.....


GratefulForGold (09/21/03; 20:08:59MT - usagold.com msg#: 109136)
Gold v. Starvation -- DryWasher, Robert et al.
Your earlier posts/discussions mentioning gold as it relates to starvation prompted me to go off on a tangent...

I don't remember if it was here or elsewhere where I saw a post relating to genetically engineered SEEDS that were programmed to TERMINATE after one year of planting (i.e., one germination and plant and, poof! no seed left to re-plant for future crops) (Monsanto's genius at work). A simple google search provides some alarming and enlightening links!

So, conspiracy theories and tin-hat in hand, my mind has now included Monsanto et al. in the "globalisation-NWO" scheme that now includes programmed starvation (Africa, and India if they haven't completely rejected Monsanto's "help," for starters). What is doubly alarming about Monsanto is its patents. If what I read is true, their patented genetically modified (GM) plants/seeds have no containment abilities. So, thanks to winds, insects and life in general, this GM plant can cross-pollinate with other, natural, plants and "take over." Then, Monsanto goes out and has, as argued in Court, through its patents taken over the "rights" to ALL plants that contain ANY of their genetically engineered cells. If I am a farmer who does NOT use Monsanto but Monsanto plants (thanks to neighboring farmers) have spread to my field...Monsanto OWNS my plants, harvest and, ultimately, farm! So, in other words, Monsanto and co-horts, by coercion, extortion and threats are taking over almost ALL of the farming in North America! Soybeans, canola, cotton, maize...

So, back to starvation. Sell a poor country some seeds. They plant and harvest. Then, the very next year they HAVE to buy more patented seeds from you...they can't grow their own! Even if they had saved natural seeds of their own, those would eventually become contaminated by the GM plants and rendered useless. Ultimately, the entire world has to buy THE MEANS OF THEIR FOOD PRODUCTION from you (Monsanto). You hold the "patents" to the global production of all food, thanks to your genetically engineered seeds. And there is NO protection from contamination.

I guess this is one way to deal with over-population. AIDS doesn't seem to have accomplished enough. Africa (yes, the cross-pollination would spread South) does have a few resources worth taking once all those pesky people are gone.

Nevertheless, I WILL hold each and every ounce of gold I own! Even if it ONLY buys me a meal...that would be a meal I would probably not be able to buy with much else. Unless Monsanto finds a way to make fiat dollars vitamin-enriched.

Jeez, I dread my dreams tonight....

Sweet dreams, y'all!

Lady GFG

Gandalf the White (09/21/03; 19:45:14MT - usagold.com msg#: 109135)
I hereby SECOND your proposal for the ESSAY CONTEST ENTRIES to the "Hall of FAME"
BUT, Sir MK, You will need to EXCAVATE a MUCH LARGER ROOM !
Sooooo many GREAT Essays !
<;-)

MK (09/21/03; 19:41:53MT - usagold.com msg#: 109134)
Gratis
We all owe a debt of gratitude to the good wizard for doing a fine job again moderating the contest. Also, thanks to Randy for the yeoman job behind the scenes getting all the new posters registered and codes issued. I know how hectic these contests are. Thanks, fellas.

MK (09/21/03; 19:30:08MT - usagold.com msg#: 109133)
________ At the Castle, somewhere near the Great Hall...
Gandalf, summon the Court of Judges, bring it all to the Grand Reference Room and Libary where we'll sort things out. Marie, have you seen my reading glasses?................What's that, you say I misplaced them last week and been at a loss ever since.......Drat! What a time for that......Well, they're around this Castle somewhere. The Judges are already there awaiting us and anxious to begin?? ....... Gandalf, let's be on our way, my wizardrous friend....We have work to do!! What's that, you say, O Great Wizard of The Table Round? You have looked into your cystal ball and you already know who won?? Both contests?? Well, well, my friend. So why do we even bother with judging this contest or waiting for tomorrow's close?? HA! Got you on that one, didn't I? Out with it, Gandalf....Please tell all.... Good gosh, you say you can't tell me? Breaks the Ancient Code of Wizards???? We must discuss that over those tankards of ale I see Black Blade drawing yonder........ Yes, yes, Marie, I do agree this contest should be enshrined as a whole in that dusty, venerable Hall of Fame you and so many of the Hobbits like so much. I especially appreciated all the heady things the posters said about this Mighty Oaken Table of Yore. Inspirational, I tell you..... Absolutely inspirational ........For certes, what a Contest, what a week!..............What's gold doing this evening anyway? It's up $4? Towncrier, did you just say it's up OVER $4?? Oh my. Let's try to get a hold of FOA. Find out what's going on......Currencies? You say this has to do with currencies, TC?? Dubai, you say?? Where's Dubai?........ (Voices fade, blend in ancient stone walls.)........
______

I'd like to voice my thanks for the great participation in the essay and price guessing contests. This appears to me to be the strongest participation we have ever seen for a contest at this esteemed Table. This truly has become an important gathering place for gold advocates and owners -- a true university of expression and learning. Now if the Court of Judges can only find the wisdom to pick a winner in the essay contest amidst so many compelling entries.

If any of you saw a particularly good entry in the essay contest you would like to speak for, please give our judge's your input. It could tip the scales. This is going to be a tough one.......

By the way with much pressure from those at the Castle and certain wizards (and Hobbits) who will go un-named, I hereby nominate the entire contest to the Hall of Fame.

Are there any seconds??

Paper Avalanche (09/21/03; 19:12:05MT - usagold.com msg#: 109132)
Is a LACK of renewal of the WA MORE impactful?
With POG going vertical tonight one cannot help but wonder if an "agreement" may have been reached at Dubai that COULD NOT be communicated to the financial markets. If it was decided that the CB's would sell far less than 400 tons/year, which would be less disruptive to the financial markets? To announce said agreement or to keep it hush hush. I would imagine the latter would provide relatively more orderly gold and currency markets. This is how I interpret the results of the meeting this weekend. People being what they are, I further expect the action tonight is a result of a ripple action by those in the "know" (those having ties to those who may actually have been in Dubai) front running the herd which is soon to clammor for the ETF's and other gold investments in the very near future.

One other watershed event regarding gold happened this weekend. My parents are in town visiting us for the weekend. I have been doing everything in my power to get them into gold for the past three plus years. My previous efforts have been met with silence and disregard until tonight. However, tonight my dad asked that I email him the link to usagold so that he could contact our gracious host to obtain physical gold. I have always said that the day my parents "get it" that it would be the true start of the secular bull market in gold. IMO, the combination of the Dubai meeting and the events at my house this weekend herald the beginning of next stage in the gold bull market.

We have enjoyed 20% gains / year for the last three years. I beleive that we will enjoy 50%-100% gains for the next five to ten years until we go parabolic.

Take care all. This is too fun!

BTW, happy fifth anniversary Michael! This site has been one of the most impactful things that I have ever discovered in my journey of self-education. I truly believe that this site is the modern day equivilant of Thomas Paine's "Common Sense" pamphlets. Thank you very much for hosting such a tremendous forum and educational resource for us all.

PAPER AVALANCHE


DummyANI (09/21/03; 19:07:15MT - usagold.com msg#: 109131)
God bless Japanese reasonable investors to buy GOLD
God bless Japanese reasonable investors to buy GOLD.

D-ANI: Buy a gold, sell a Yen.

GratefulForGold (09/21/03; 18:56:10MT - usagold.com msg#: 109130)
When the BOJ zips its purse strings...
MY, my! Is the dollar's steep decline (currently 94.08) and gold's steep incline (currently up 5.50 at 386.60) simply a result of Japan not selling yen and buying US$? I can't really tell a big appreciation of other currencies over the US$...only gold. We need more of those G-7 meetings! Any more enlightened input?

Interesting night. Too bad I'm going to need my sleep!!

GratefulForGold (09/21/03; 18:40:51MT - usagold.com msg#: 109129)
Clink 9/20/03 (msg. #109053)
Thank you for re-posting specie-man's 9/8/03 post (msg. # 108327). I read it with much appreciation!

As a primer 101 for new gold investors, it certainly covers many aspects. While it doesn't speak directly to those who are still wondering "why buy gold?" it does cover much. I guess one thing that hangs up my mind in terms of new investors is: yes, we can address the "gold price explosion" (but unfortunately, it hasn't exploded as greatly as the current stock market boom). IMO too many readers equate the rise in the price of gold to, say, a rise in the NASDAQ. Or a rise in their housing prices the past few years. So, unless directly addressed (and not just implied), these people STILL don't get the REAL reason to hold PHYSICAL gold and silver. They're still just looking at percentage gains and profits in fiat dollars, IMO.

So, the paper gold market crumbles and the Middle East holds a huge portion of the physical gold. I'm still searching for a REASON (explained to them) for the average American to care!

In my mind, this has been probably the greatest failing of the World Gold Council (WGC). I've never particularly cared for them (cabal plants?). But, to have TOTALLY missed the opportunity to educate the public is inexcusable! They went from the "gold as jewelry" stance straight to "gold as an exchange traded fund" stance! They TOTALLY (conveniently) ignored educating any of the public on the value of and how to buy PHYSICAL gold (the "gold as an investment" stance)! Totally bypassed the ONE THING that would add much safety and security to every investor's portfolio/life!!

So, GATA et al., Blanchard v. Barrick, etc. may go on. But, the average American still has absolutely NO CLUE as to WHY gold is so important. They simply don't receive the basics often enough, spoken in as many ways as possible to reach everyone. Isn't that a premise of education? Say the same thing in so many different ways that it will eventually get through to most everyone?

So, at this point, IMO the public doesn't and won't care about gold price suppression because they don't fundamentally understand what fractional reserve banking (and the Federal Reserve Bank and the fiat dollar printing) is and has done in order to gain its foothold in the U.S. Quoting old patriots about the evils of central banks won't reach them. Showing more corporate malfeasance won't penetrate through all the other corporate theft that has made them dumb down and turn a deaf ear. Not until they are willing to give up the misguided hope of "easy money" profits through the stock market, or the illusive hoped-for profit (or just breaking-even) of the bond market, or are told of how that little paper dollar in their hand is disintegrating before their eyes...not until SOMETHING gut level reaches them will they give up old ideas and ways. I just hate to think that society will have to go so very low before so many decent people (sheeple, yes, but many have the ability to be more) have a fighting chance to save themselves!

Again, the WGC COULD have done a great service to gold... but it didn't!

Lady GFG

DummyANI (09/21/03; 18:00:15MT - usagold.com msg#: 109128)
Strong Yen is a buried mine damaging paper assets, and assisting GOLD-value.
Manipulated currencies are very tricky, at one time they are strong, and next they are weak.

If investors have a plenty of wealth, they may buy a trush assets.

For Japanese investors, if they want to survive manipulated currency-wars in the front-line of Strong Yen, a paper asset provides no attractiveness. For reasonable investors, the survival strategy is to sell a US-Stocks, sell a US-bonds, sell a paper asset, and buy a GOLD at a cheap price.

D-ANI: Buy a gold, sell a Yen.



R Powell (09/21/03; 17:30:33MT - usagold.com msg#: 109127)
POG and silver off to a good start !
As usual there are different numbers at different places but Kitco has a $385.1 listing that looks like a decent start to the week.
This early light trading doesn't hold a lot of weight but...

The COT report for last week was postponed to Monday (tomorrow) or Tuesday due to the disruption of Isabel. This may leave many technical traders feeling "blind" going into this week. Maybe we'll see some fireworks?
It is such great fun !

There's an old myth that soybeans and silver trend together. I certainly hope so as I believe soybeans have just started what may be a huge move up. Beans in the teens? Maybe. Early yield reports are horrid. I haven't seen any yield reports for this year's gold or silver crop. I'll report it if I see one.

Dollar Bill (09/21/03; 17:07:17MT - usagold.com msg#: 109126)
^'^
Sir Grateful for Gold, You know, the best thing for lurkers and the rest of us is for us to know that we are not heavily judged here by the regulars. Someone did come a few weeks back and made some disparaging commments, but heck, he admitted to just being an occasional reader.
.I can vividly recall some posts here, and they include some guys just talking about thier own local world.
.I thought your comments about newbies had merit and I'll bet others did too.
.Dont hesitate to hit the post button, no one hits em all.
Look at the baseball guys. One of the proofs that there is a god is that no one is allowed to be smart enough to be perfect. Some distress over that, maybe we all do in turn, but it is actually a really good thing. Otherwise, the occasional perfect person would lord it over the rest of us to "get with it". So, in reading your posts, I only see the value, hell, your post had value.

CoBra(too) (09/21/03; 16:24:12MT - usagold.com msg#: 109125)
ESF = OSF
Exchange Stabilization Fund - turning into Oil Stabilization Fund ... Is that were most of the West's Gold has gone? ... You bet! ... and see latest G7 + one - id est Russia ... cb2

CoBra(too) (9/21/03; 15:25:48MT - usagold.com msg#: 109124)
Post G7 in Dubai
Early indications after the Dubai Meeting has the US dollar tanking hard against the � and Yen.

Let's just wait for GOLD commence trading in the far east ...

... looks like the dyke is penetrated ...

Got Gold? cb2

Dollar Bill (9/21/03; 13:02:05MT - usagold.com msg#: 109123)
*>*.........+
Sir 21 Marbry, I thunk about what you and Druid said, and I am stumped in some areas of the big picture, but as I look at my neighborhood, I cant see the future of my freinds who have lost jobs this last year.

We are in a job deflation and any uptick in jobs appears to be caused by companies taking full time jobs away and replaceing them with multiple part time jobs with less pay and benefits. At least that is what I am seeing here.




TownCrier (9/21/03; 12:38:41MT - usagold.com msg#: 109122)
Making headway?
http://biz.yahoo.com/rf/030921/group_iraq_5.html
HEADLINE: Iraq to allow full foreign ownership outside oil

DUBAI, Sept 21 (Reuters) - U.S.-controlled Iraq on Sunday unveiled sweeping reforms allowing foreign investors into all sectors except oil, ending 30 years of state economic control.

Iraqi Finance Minister Kamel al-Keylani said on Sunday the reforms would "significantly advance efforts to build a free and open market economy in Iraq", spur economic growth and speed Iraq's re-entry into the international community.

The list of reforms for liberalising foreign investment, the banking sector and taxes and tariffs read like a recipe devised by Washington for a capitalist Iraq.

"Iraq needs jobs, it needs to have growth," a senior U.S. official involved in Iraq's reconstruction said.

...The surprisingly broad measures, which end an era of economic domination under Saddam Hussein and the socialist Baath Party, were aimed at improving global opinion before a donors' conference in Madrid next month.

...the reforms include 100 percent foreign ownership in all sectors except natural resources, excluding current outside participation in Iraq's coveted oil reserves.

"The fact that they ban investment in oil resources is good because it sends the message that America was not only after Iraq's oil," an Arab finance minister who declined to be identified said of the steps. [Randy's note: That is, unless the U.S. maintains hands on a puppet government -- effectively the 51st state of the Union.]

...reforms also include a free transfer of foreign exchange earnings for investors, full central bank independence and relatively free entry for foreign banks into Iraq.

New bank rules were signed in Iraq on Saturday, the U.S. official said. Six foreign banks will get "fast-track" entry into Iraq and full ownership of local banks within five years.

"We are going to have a separate and early ... process to select two of those banks. And we are going to ask those banks to do substantial lending early," he said.

-------(see url for article)------

Touching on an old thread of discussion, you wouldn't REALLY want the substantial lending mentioned here to be gold loans, would you? If you answer yes, then we are in the conflicted domain where the "gold-is-money" banker folks ride roughshod all over the property rights of savers who hold gold as tangible (non-derivatized non-paperized non-inflated non-artificial non-contract-dependent) true wealth.

Give it all some thought if you happily find yourself in a position to enjoy a restful Sunday afternoon.

R.

GratefulForGold (9/21/03; 12:28:40MT - usagold.com msg#: 109121)
It's a beautiful day and I'm off to play! After apologizing....
Dear esteemed forum members,

I awoke this morning to a feeling of chagrin regarding my last post (msg. # 109076). What has struck me, as an avid lurker and (thankfully) infrequent poster, is how difficult it is to communicate! I comprehend what I read while I'm reading it...but have not often re-formulated that understanding into new words/expressions (except in casual verbal discussions). Maybe reading/lurking for so long created some pent-up need. However, the lack of experience in forming and communicating cohesive written thoughts is a great deterrent to intelligent communication! So, in essence, my apologies to this wonderful forum for any criticism I may have proffered. I now recognize the enormous thought, time and energy you frequent posters give to your offerings and I highly respect your efforts. Thank you all for your contributions!

Gondolin @ (msg. # 109092): Thank you for your thoughts! Quite true. As to the horse � The horse that has been led to the water could be quite thirsty! A clean, simple trough would allow him to quench his thirst more readily than one overgrown with beautiful yet dense plants. However, I readily concede that that trough need not exist everywhere!

My best to everyone...and thank you again!

GFG

TownCrier (9/21/03; 12:11:16MT - usagold.com msg#: 109120)
Russian CB speaks -- of gold AND oil
http://biz.yahoo.com/rm/030921/group_russia_gold_1.html
DUBAI, Sept 21 (Reuters) - Russia would like to increase the percentage of foreign exchange reserves it holds in gold but it is not in a position to do any buying at the moment, first deputy governor of the central bank said on Sunday.

Oleg Vyugin also said the central bank cannot move to a more flexible currency regime until an oil stabilisation fund has been set up by the government.

"Our gold reserves... are around seven to eight percent of our total international reserves and actually we think that we have to get at least 10 percent of international reserves," Vyugin told Reuters on the sidelines of a conference in Dubai.

"We are not in a position to buy at the moment but generally we would like to increase (the gold)... At this moment we are limited because we also have to manage monetary policy."

"Of course our target is a floating exchange rate finally but still we're not in a position to cancel the managed approach because we are waiting for the (oil) stabilisation fund to be effective," he said.

"It will be some sort of guarantee that the correlation between the oil price and the foreign exchange rate will be easier."

The proposed fund would allow Russia, an oil exporter, to save income from oil revenues when crude prices are high to be used when oil revenues fall.

-----(see url for full article)------

Meanwhile, Dutch Central Bank Governor Nout Wellink confirmed that coordination of future central bank gold reallocations (� la the "Washington Agreement") was briefly discussed, "but would only be tackled properly early next year," according to this Reuters report.

Continue to expect bold developments on the gold front. It is only a matter of time before the elite, with an eye on economic stability and welfare, finally tap into the benefits offered by a "wealth effect" of physical gold rising to a more proper (real and rational) market valuation. As an engine of growth, picture a billion Indians and their gold-rich global neighbors suddenly aware that they hold a purchasing power capable to bring their lifestyle into the 21st Century and as the industrialized world ramps up to earn back these precious quantities of gold that can't be supplied by mining.

R.

Gandalf the White (9/21/03; 12:00:15MT - usagold.com msg#: 109119)
oops --- ONE MORE MINUTE to go before DEADLINE in POG Contest !
<;-)

Gandalf the White (9/21/03; 11:59:00MT - usagold.com msg#: 109118)
TA TA TAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!
POG Contest is NOW OFFICALLY CLOSED !!!
5th Forum Birthday Anniversary POG CONTEST
OFFICAL Final listing of Entries !
We now await the Monday 9/22/03 COMEX (GC3Z) Settlement price to determine the WINNERS !

$$$ $8,752.0 $$$ The Invisible Hand (9/15/03; 02:42:16MT - usagold.com msg#: 108657

$$$$ $430.0 $$$$ silvercollector (9/21/03; 04:28:18MT - usagold.com msg#: 109089

$$$$ $420.0 $$$$ Zhisheng (9/10/03; 23:50:52MT - usagold.com msg#: 108492

$$$$ $414.7 $$$$ physicalman (9/21/03; 10:38:08MT - usagold.com msg#: 109109

$$$$ $412.0 $$$$ Caradoc (09/19/03; 18:29:28MT - usagold.com msg#: 108981

$$$$ $402.4 $$$$ Aurion (09/17/03; 14:40:39MT - usagold.com msg#: 108799

$$$$ $400.0 $$$$ Sundeck (9/21/03; 05:38:52MT - usagold.com msg#: 109093

$$$$ $397.0 $$$$ Profit Next Quarter (9/21/03; 10:57:27MT - usagold.com msg#: 109111

$$$$ $396.2 $$$$ Druid (09/20/03; 00:53:50MT - usagold.com msg#: 108999

$$$$ $396.1 $$$$ CoBra(too) (9/21/03; 10:16:46MT - usagold.com msg#: 109106)--

$$$$ $395.1 $$$$ ha_tey_o (09/15/03; 21:32:32MT - usagold.com msg#: 108690

$$$$ $394.0 $$$$ Wky_Woodsman (9/21/03; 11:30:01MT - usagold.com msg#: 109116)

$$$$ $393.3 $$$$ slingshot (9/11/03; 00:06:17MT - usagold.com msg#: 108494

$$$$ $392.5 $$$$ second wind (9/17/03; 07:32:45MT - usagold.com msg#: 108770

$$$$ $391.0 $$$$ Ananse (9/20/03; 09:55:35MT - usagold.com msg#: 109022

$$$$ $390.5 $$$$ mdgc (9/20/03; 23:01:51MT - usagold.com msg#: 109081

$$$$ $390.1 $$$$ Socrates964 (9/18/03; 19:17:37MT - usagold.com msg#: 108893
$$$$ $390.0 $$$$ Gandalf the White (9/10/03; 22:55:42MT - usagold.com msg#: 108488

$$$$ $389.6 $$$$ otish mountain (9/20/03; 09:44:40MT - usagold.com msg#: 109021

$$$$ $389.1 $$$$ Operative (09/19/03; 16:22:58MT - usagold.com msg#: 108970

$$$$ $388.9 $$$$ timbervision (9/20/03; 12:22:57MT - usagold.com msg#: 109042
$$$$ $388.8 $$$$ Shanti (09/20/03; 03:10:39MT - usagold.com msg#: 109003

$$$$ $388.5 $$$$ Runner (9/12/03; 10:38:42MT - usagold.com msg#: 108568

$$$$ $388.2 $$$$ Waverider (9/20/03; 17:27:17MT - usagold.com msg#: 109062
$$$$ $388.1 $$$$ 401 (9/21/03; 11:24:02MT - usagold.com msg#: 109115)-

$$$$ $387.9 $$$$ steady (09/17/03; 19:40:25MT - usagold.com msg#: 108811

$$$$ $387.5 $$$$ Shermag (9/21/03; 08:31:36MT - usagold.com msg#: 109097)

$$$$ $387.1 $$$$ Clink! (9/19/03; 14:52:20MT - usagold.com msg#: 108954

$$$$ $386.7 $$$$ VanRip (9/19/03; 12:28:03MT - usagold.com msg#: 108924

$$$$ $386.5 $$$$ Skydog (9/21/03; 10:11:55MT - usagold.com msg#: 109105)

$$$$ $386.2 $$$$ Joanne (9/19/03; 14:50:45MT - usagold.com msg#: 108953

$$$$ $385.9 $$$$ Boilermaker (9/21/03; 08:42:23MT - usagold.com msg#: 109098

$$$$ $385.5 $$$$ Rimh (9/18/03; 11:11:25MT - usagold.com msg#: 108857

$$$$ $385.2 $$$$ R Powell (9/20/03; 20:16:20MT - usagold.com msg#: 109069

$$$$ $384.8 $$$$ Goldendome (9/20/03; 19:21:21MT - usagold.com msg#: 109067

$$$$ $384.6 $$$$ Yukon (9/20/03; 21:13:54MT - usagold.com msg#: 109073

$$$$ $384.3 $$$$ Speedy (9/21/03; 07:12:30MT - usagold.com msg#: 109096

$$$$ $384.1 $$$$ Jing Zu (9/19/03; 12:16:20MT - usagold.com msg#: 108921

$$$$ $383.7 $$$$ seagull (9/20/03; 16:04:46MT - usagold.com msg#: 109056

$$$$ $383.3 $$$$ Gonlyold (09/17/03; 01:15:13MT - usagold.com msg#: 108762
$$$$ $383.2 $$$$ Casey (09/12/03; 14:17:29MT - usagold.com msg#: 108580

$$$$ $383.0 $$$$ Tevye (9/20/03; 09:07:16MT - usagold.com msg#: 109018

$$$$ $382.5 $$$$ a nation of one (9/19/03; 13:11:04MT - usagold.com msg#: 108930

$$$$ $382.2 $$$$ RobotGuy (9/18/03; 11:53:42MT - usagold.com msg#: 108864

$$$$ $382.0 $$$$ alkahulik (9/18/03; 11:43:35MT - usagold.com msg#: 108861

$$$$ $381.7 $$$$ canamami (9/21/03; 09:47:54MT - usagold.com msg#: 109102)

$$$$ $381.4 $$$$ Remarx (9/19/03; 07:39:20MT - usagold.com msg#: 108907

$$$$ $381.2 $$$$ Tate (9/19/03; 10:00:52MT - usagold.com msg#: 108912

$$$$ $381.0 $$$$ sophmore (9/14/03; 06:40:44MT - usagold.com msg#: 108618

$$$$ $380.7 $$$$ Magister Aurelius (9/19/03; 13:15:07MT - usagold.com msg#: 108931

$$$$ $380.5 $$$$ contrarian (9/19/03; 11:18:28MT - usagold.com msg#: 108917

$$$$ $380.3 $$$$ ageka (9/20/03; 12:13:41MT - usagold.com msg#: 109041
$$$$ $380.2 $$$$ Cougar (9/20/03; 16:13:43MT - usagold.com msg#: 109057

$$$$ $380.0 $$$$ Liberty Head (09/12/03; 23:38:31MT - usagold.com msg#: 108591


$$$$ $379.8 $$$$ Elwood (9/21/03; 09:05:42MT - usagold.com msg#: 109100)

$$$$ $379.5 $$$$ Bound Spirit (9/20/03; 22:54:46MT - usagold.com msg#: 109080

$$$$ $379.3 $$$$ Goldbug 1 (09/19/03; 17:35:16MT - usagold.com msg#: 108977
$$$$ $379.2 $$$$ goldenpeace (09/17/03; 20:46:03MT - usagold.com msg#: 108816

$$$$ $379.0 $$$$ Gondolin (09/17/03; 10:28:27MT - usagold.com msg#: 108780

$$$$ $378.8 $$$$ Smeagol (09/16/03; 18:25:32MT - usagold.com msg#: 108739

$$$$ $378.6 $$$$ heavy mettle (09/16/03; 17:41:35MT - usagold.com msg#: 108737
$$$$ $378.5 $$$$ ginsenghi (9/19/03; 13:55:35MT - usagold.com msg#: 108943

$$$$ $378.2 $$$$ Dollar Bill (9/21/03; 05:20:36MT - usagold.com msg#: 109090)-
$$$$ $378.1 $$$$ phil288 (9/20/03; 11:41:49MT - usagold.com msg#: 109035

$$$$ $377.9 $$$$ Cuda (9/19/03; 03:29:30MT - usagold.com msg#: 108903

$$$$ $377.0 $$$$ DryWasher (9/15/03; 11:57:08MT - usagold.com msg#: 108669

$$$$ $376.5 $$$$ Gold Graber (9/21/03; 09:52:02MT - usagold.com msg#: 109103

$$$$ $376.3 $$$$ Alberta Rose (9/21/03; 09:41:13MT - usagold.com msg#: 109101

$$$$ $376.0 $$$$ Toolie (9/18/03; 18:17:42MT - usagold.com msg#: 108891

$$$$ $375.7 $$$$ pilgrims_gold (09/17/03; 19:51:07MT - usagold.com msg#: 108812

$$$$ $375.5 $$$$ 7nomads (9/20/03; 18:26:46MT - usagold.com msg#: 109065

$$$$ $373.2 $$$$ specie-man (09/17/03; 11:56:07MT - usagold.com msg#: 108789

$$$$ $371.0 $$$$ J-Bullion (9/18/03; 10:41:14MT - usagold.com msg#: 108851

$$$$ $368.5 $$$$ cockerel1 (9/13/03; 21:29:31MT - usagold.com msg#: 108611

$$$$ $364.7 $$$$ Topaz (09/17/03; 04:52:57MT - usagold.com msg#: 108765

===
<;-)


Wky_Woodsman (9/21/03; 11:30:01MT - usagold.com msg#: 109116)
$$$$394$$$$
The reason I come to the old oaken tableround is to hear words of truth regarding the economy and its monetary lifeblood. Only one in a thousand understands that GOLDistruth. Walking the woods, there is little likelihood of coming upon the one in a thousand who understands. So my cyber fellow knights nourish me. Thank you all, fine Sirs. And a hearty
congrats on the anniversary of the Forum.
Wky





401 (9/21/03; 11:24:02MT - usagold.com msg#: 109115)
$$$$$388.10$$$$$$$$ The New Bull Market In Gold? YES
The rise from 252/oz to 380/oz is a signifcant confirmation of a long term bull market. Even though many financial radar screens have not yet pick up on this move, or choose not to,the best is yet to come.A investment opportunity of a lifetime is at hand. Just remember,You have to be in to win!

Druid (9/21/03; 11:16:05MT - usagold.com msg#: 109114)
21mabry (9/21/03; 09:57:33MT - usagold.com msg#: 109104)
"Amit and colleagues are paid $1.25 an hour. His counterpart in the U.S. would get $10. On that difference rests whether or not EDS can wiggle itself out of deep trouble. Victimized by cheap outsourcing by competitors, EDS is playing the low-cost-labor game itself now. It is rushing to hire thousands of mostly Asian college graduates like Amit, who are desperate for the kinds of jobs found in the U.S. Frantic to cut costs, EDSplans to hire 13,800 workers by the end of next year--a tenth of its current global work force of 137,000--in low-wage countries like India, Malaysia, Hungary and Mexico, places where starting pay is as low as $2,400 a year. Meanwhile, EDS plans to lay off at least 2,750 higher-paid workers, mostly in the U.S. and Europe."

Druid: 21Mabry, this has more to do with banking and financial manipulation then genius, skill and productivity advantages. This is a printing press policy issue not a productive one of "Comparative Advantage." We're cannabalizing ourselves in order to keep ourselves healthy and competitive. Here's an interesting excersize, take $1.25 and grow it(compound it) at 3% annually for 30 years(a working generation) and see what the resultant figure is. When you arrive at the future figure compare it to the $10 wage rate(being held constant for this problem)for the same amount of time. Now somehow, the differential in these figures is, in theory, supposed to be ironed out in the FOREX market in order to smooth things out along the way and convince everybody that life is just peachy as piped through the parrot box(CNBC). Now, we have had a good 30 years worth of experimentation to "test" this theory and it appears that it is not working according to PLAN!(the distribution of wealth is a little skewed). By a shekel and retire a banker.

Profit Next Quarter (9/21/03; 11:14:26MT - usagold.com msg#: 109113)
Why the forum is beneficial and a resource to me
At the forum a get a diverse mix of opinions, facts, and news without the blatant censorship of the traditional media. Without having to sift through tons of worthless data I can get to what's important to me as an investor and consumer of world and US economic and sometimes political and social news/commentary. It is also highly valuable to hear from average people sounding of on matters of importance without a severe moderator dulling the message. For these reasons I continue to lurk and learn.

Cavan Man (9/21/03; 11:04:47MT - usagold.com msg#: 109112)
@CB2
Dear friend, you never cease to amaze me! Are you throwing in the towel? Late bloomers (I am) always are worth waiting for yes?

Profit Next Quarter (9/21/03; 10:57:27MT - usagold.com msg#: 109111)
************ $397 ***************
Yes gold will be in a bull market for years to come. Economic, political, geopolitical and social chickens will be coming to roost sooner than later. When the dust clears all will look to gold for stability and liquidity.

physicalman (9/21/03; 10:38:08MT - usagold.com msg#: 109109)
*******414.7*******
This Mighty Oaken Table of Yore is a tremendous resource for myself as i have been able to find here truth when surrounded by censorship and deception and constructive critiscism when awry.

Elwood (9/21/03; 10:32:11MT - usagold.com msg#: 109108)
$$$$ $379.8 $$$$
oops
This board is an important resouce because there is an army of gold bugs out there who will post important happenings in the gold market here. MK, Black Blade, Gandalf and all the rest; you know who you are. My hat's off to you.

Elwood


physicalman (9/21/03; 10:28:42MT - usagold.com msg#: 109107)
*******THE NEW BULL MARKET IN GOLD- YES!!!*******
After reading the pint of beer and oz. of silver posts this morning, i now truly feel that we are in a bull market for gold( and also silver) but still in the very early stages. I will try to show this using some historical wage and price comparisons from 1900 (pre federal reserve ) to 2003. Please bear with me as i try to show why anyone who is skeptical or is underfunded in the precious metals area should accumulate physical holdings as quickly as possible.
1) Wages: The average wage for a male worker in 1900 was about $1.00 in 1900 (which was in gold or silver coin or banknotes redeemable for an equal amount ) I believe that the average per capital wage in the US is around $37,000 orabout $100.00 per day now bt payable in paper(fiat) dollars backed by nothing but promises of future taxation and the assets of the US (private and public, private by taxation).
So now lets convert our fiat for real money and see where we stand. Say silver through our fine host here is around $6.00 per oz. including shipping. Take 50% of our fiat away for taxation and we are left with 50 bucks ( almost no taxes were levied against the common worker in 1900) Hmmm? We are now getting paid 8 oz. of .999 silver every day instead of one 90% silver dollar a day. Now lets take gold at say 400 an oz. with shipping at 50 bucks a day and you are earning a oz. of gold .999 every 8 days compared to 1 dollar in 1900 taking 20.69 days to earn an oz. of .9167 gold. Take away taxes and we are now earning an oz. of AU every four days or 16 oz. of silver (on average)
2) price comparisions: Lets take a loaf of bread as an indicator( beer is liquid bread hehe!) In 1900 loaf of bread was 3 to 5 cents, so will use 5 cents . An oz. of gold at 20.69 whould buy 513 loaves of bread, silver would buy 20 loaves. In 2003 with bread at an average of about 2.00 a loaf an oz. of AU will get 200 loaves and oz. of AG will only buy 3. Now lets look at homes. Average price of a regular house (to build or buy) in 1900 was 500-700 dollars. That come out to 25 to 35 oz. of AU or 500 to 700 oz. of AG. Lets take a medium home price now of 140,000 in fiat dollars and convert it to precious metals. It now takes 350 oz. of AU or 23,500 oz. of AG to buy a home.
I could give thousands of more examples but i think food and shelter serve as the best examples. Are gold and silver underpriced and food and shelter overpriced? Both are! Both are in the early stages of readjustment and to either benefit (profit) or just protect your wealth you nedd to be in as early as possible.
I have written this as an example for many newcomers, lurkers and fence-sitters. It is also interesting in a point that if i can see this that those in power have also and are using, have used this simple comparison to switch from fiat to real money. Join the big guys and gals and the little ones to as myself and start a accumulation program as BB would say Precious metals,emergency cash, basic nessecities and self-defense. PROTECT YOURSELF!!!

CoBra(too) (9/21/03; 10:16:46MT - usagold.com msg#: 109106)
$$$$ 396.20 $$$$
First of all I'd want to express my gratitude and as well my congratulations to MK and all, who've been involved in making this superb site to what it has become today.

Even, as we all miss some excellent posters from the past we rest assured in the knowledge that some predictions, particularily from giants like A/FOA, Ari, Aragorn and some of equal calibre are playing out in full view.

As some of the oldtimers may remember, that I have frequently taken detours from the main trail, by investing in some well researched gold in the ground, in order to complement my position of reality - I have to admit - it worked. At least up 'till recently. And from here on I wouldn't advise any initiates to follow my experience. It's become pretty late in the day of the US $ hegemony and it's time is growing short.

Just listened to Jim Puplava's broadcast and interview with Nasser Saber, the author of "Speculative Capital" - The Invisible Hand of Global Finance. Extra-ordinary insights into today's manipulative financial markets and the "idiotic mathematical" nonsense of Black-Sholes derivative risk management theories.

cb2

PS: @ Gandy the Wizard - sorry for missing the contest - have been at a family jamboree from all over the globe the last few days ... and just came back this afternoon. A wonderful experience to re-meet 5 generations of your own roots, now scattered around the globe under Babylonian circumstances. A very big bonus was a cousin of my wife, Christoph, who is now Cardinal Arch-Bishop of Vienna and graced the crowd with his presence and a beautiful Friday eveneing mass at the 'Sonntagberg' Basilika, built in the early 1700' by Jacob Prandtauer...

Skydog (9/21/03; 10:11:55MT - usagold.com msg#: 109105)
$$$$386.5$$$$
Three years ago after following the postings of FOA/Another, ORO et al, I made the decision to dump a high-tech flyer called Extreme Networks (it was up almost 400% at the time) and buy my first gold at $261.25.

Do I consider this Mighty Oaken Table of Yore an important resource? With the closing price of gold on Friday @$381.10.�go figure!


21mabry (9/21/03; 09:57:33MT - usagold.com msg#: 109104)
Compartive Advantage
Dollar Bill, your last post just about says it all.David Ricardo wrote about comparative advantages many years ago.Someone who is true free market believer would support the white collar jobs moving offshore as these countries can do the job cheaper.I just can not bring myself to be a true freemarketer coming from a working class background I have seen first hand the pain it causes.In the long run is it overall good for the world economy most probably yes.I always think of the early automobile and the pain it caused for blacksmiths and coach and wagon makers,was the auto good for the economyin the long run yes,but it caused short term pain also.Can the same standards be applied to services as well as goods? I do not know the answer to that.21

Gold Graber (9/21/03; 09:52:02MT - usagold.com msg#: 109103)
****The New Bull Market In Gold? Yes****
I am new to the gold market, but I believe it is easy to see that gold is in for good times to come. With the over-inflated state of the stock market, the sad shape of the U.S. dollar and a government print more like mad, I just can see a reason not to be in gold.

$$$$376.5$$$$

I find the wisdom in this forum to be a great asset, which I believe will increase as the economy continues to erode. As more and more people look to protect there assets, I believe there will be an increase in the amount of followers at this site as well as an increase in the need for good information for the beginners. This site has been a good education for me so far, and for that I thank you!

canamami (9/21/03; 09:47:54MT - usagold.com msg#: 109102)
$$$$$$$381.70$$$$$$$
I believe the Table is a valuable resource because it exposes readers, especially North Americans, to a different take on currencies and world trade, and particularly on the desire of the rest of the world to find an alternative to the US dollar for the purposes of denominating world trade, and as a means of savings.

In short, the Table provides an opportunity to read "outside the box" thinking on gold, world trade, and the "currency war". The Table also has me assessing world events to ascertain whether the great paradigm shift predicted by FOA is at hand. (If I had had the time to craft a quality essay, the theme of my essay would have been: Can a paradigm shift in reserve currencies be adequately described by the terms "bull market" or "bear market"?

Alberta Rose (9/21/03; 09:41:13MT - usagold.com msg#: 109101)
*****$376.30*****
This Oaken Table is indeed a valuable resource. It was here that I first learned of the inflation that results when governments not under the disciple of a gold standard inflate the currency. It was here that I first learned of the conspiracy to devalue gold to facilitate a strong US dollar policy. I learned how to protect myself from the confiscation in buying power from that inflation. I am trying to spread the word, but it is hard going; people are used to thinking in dollar terms and have a difficult time grasping the fact that gold is a store of value and not a commodity. I come here to find the reasoned arguments that will convince my friends and family of the danger of fiat currency and the importance of gold and silver in protected assets that they have spent a life-time building. And here I find up-to-date information on how the gold war is progressing. This is the premier site for understanding the philosophy that helps me to understand how gold functions in the economy and how lack of gold cripples the whole financial system. Many thanks!

Elwood (9/21/03; 09:05:42MT - usagold.com msg#: 109100)
$$$$ $379.8 $$$$
;

Dollar Bill (9/21/03; 08:54:20MT - usagold.com msg#: 109099)
*>*.........+
http://www.forbes.com/free_forbes/2003/0929/058.html
"...The new Electronic Data System office in Mumbai (formerly Bombay) is half a world away from company headquarters in Plano, Tex. Getting to this Indian office requires a bumpy two-hour drive from downtown Mumbai. At every stoplight women dressed in rags and holding emaciated, dull-eyed infants tap car windows to beg. In the slums lining the roads, thousands of people live crammed into dirt-floored rooms, sheltered from monsoon rains by plastic sheets.

At the end of the drive is a heavily guarded, new office tower that rises above the slums. This is where Amit, 24, works. "This is Andy. How may I help you?" he says politely, hour after hour, to the Midwesterners who have forgotten their e-mail passwords or need the phone number of a colleague. EDS (nyse: EDS - news - people ) hired Amit and 500 of his colleagues--young men and women dressed in khakis or saris--to answer phone calls and e-mails on behalf of American companies that have outsourced tech work or customer service calls to EDS.

Amit and colleagues are paid $1.25 an hour. His counterpart in the U.S. would get $10. On that difference rests whether or not EDS can wiggle itself out of deep trouble. Victimized by cheap outsourcing by competitors, EDS is playing the low-cost-labor game itself now. It is rushing to hire thousands of mostly Asian college graduates like Amit, who are desperate for the kinds of jobs found in the U.S. Frantic to cut costs, EDSplans to hire 13,800 workers by the end of next year--a tenth of its current global work force of 137,000--in low-wage countries like India, Malaysia, Hungary and Mexico, places where starting pay is as low as $2,400 a year. Meanwhile, EDS plans to lay off at least 2,750 higher-paid workers, mostly in the U.S. and Europe.

Companies as varied as General Electric (nyse: GE - news - people ) and Morgan Stanley (nyse: MWD - news - people ) are making the same calculation. White-collar jobs--in engineering, programming and accounting--are leaving America's shores for low-cost locales at a pace of nearly 4,000 a week, according to Forrester Research. The U.S., Europe and Japan combined are losing 600,000 a year, says McKinsey & Co."

Boilermaker (9/21/03; 08:42:23MT - usagold.com msg#: 109098)
$$$$$$ 385.9 $$$$$$
The Mighty Oaken Table of Yore has given me a lifetime's worth of knowledge of economics, finance, banking, currencies, world commerce, politics, markets and market manipulation, truth vs. spin, and a wealth of opinions that help me form my own. God bless us all and may we prevail over the dark forces of evil that have been dominant for too long.

Happy Birthday to the forum and thanks to MK and crew for being such gracious and generous hosts.

Boilermaker

Shermag (9/21/03; 08:31:36MT - usagold.com msg#: 109097)
$$$$387.5$$$$
Why I consider this Mighty Oaken Table of Yore an important resource.

I come here to be informed. This is where I first find information on important events on the realm of world finance, corporate developments, energy markets, national finance, and of course gold.

I also come here to understand. This is where I learned most of what I know about gold, its history as money and a store of wealth, and its continued importance in world finances.

This site is my first read on a daily basis if time permits. I try to read it all.

Congratulations to MK for its success. Thank you to our host, those who keep it a clean and tidy place, and all who post to make it my important source. Here's to many more years.



Speedy (9/21/03; 07:12:30MT - usagold.com msg#: 109096)
contest
$$$$384.30 Yes we are in a major BULL MARKET that I believe started many years ago before people really understood the important of GOLD! The BULL is going to ride very high this time, bucking many people off, including many loyal physical holders trying to make a quick $$, but those of us who hold on will be rewarded beyond belief!! This Mighty Oaken Table of Yores is the most reliable source of info on the planet, with the best posters anywhere in the world!! I find any info about gold and silver right here and I have shared that info with others who need this eye opening info to push them over the top and get some gold!! I thank everyone here who shares hour after hour of info and insight with those of us who depend on this sight to make the right decision about physical!! Thanks USA GOLD Staff and please send me info on how to buy physical thru your company!!!!!!!! To The MOON

Sundeck (9/21/03; 06:43:38MT - usagold.com msg#: 109095)
*******The new bull market in gold? Yes.*********
What is a "Bull" market?

The "bull" signifies vigour, daring and forward, upward thrust!

Do we see this in the gold market at the moment? In modest proportions perhaps ... a demi-bull, little-bull or "poddy"-bull perhaps...but the big, bad "irrationally exuberant" bull is yet to arrive...he is pawing the dust of the future.

The gold market, at the moment, is characterised by tentative consolidation with growing confidence. The solid factors underpinning the gold market are yet to be embraced by the many. Galileo has proclaimed that "the Earth goes around the Sun", but the truth is still too confronting for the many. Gold buffs are still being persecuted. Reason is still being stretched upon the rack of Incredulity.

But there is little doubt that the answer is "Yes...we are experiencing NOW the beginnings of a LONG-TERM bull market in gold."



Golden bull rises.
Paws the dust, bellows loudly.
Fools doze. Wise men wake.


:-)

Sundeck


Dollar Bill (9/21/03; 05:46:47MT - usagold.com msg#: 109094)
*>*............+
I would hate to be typing this from Japan as a citizen.
.All the oil has to be imported.
.Land is scarce and expensive.
.Food has to be imported or starvation will commence.
.Vast fishing trawler fleet is encountering dimished fish stocks from overfishing.
.If the dollar tanks, they are in dire straits.
.There is a mafia like subculture that infests the business world in a massive way and is responsible in a large way for Japans not closing bad banks and businesses. Previous ministers assigned the task of cutting off losing enterprises from bank funding were killed. That is well know in Japan.
.As retail supercenters expand throughout Japan, their pervious retail structure, much more mom and pop and on every block, is being crushed. The same layoff problems we have here with a changing economy are happening there.
.No military, but then, who would want to move in and take over? ect.


Sundeck (9/21/03; 05:38:52MT - usagold.com msg#: 109093)
$$$$$400.0$$$$$
What? No-one hit the magic 400 number yet? OK it's mine!



A valuable resource? Why yes!

Each day I purchase the Australian Financial Review (Australia's premier financial paper) and browse it from cover to cover...reading much, but seldom does it beat USA Gold - CPM to the major stories. OK, sure...there is Oz-specific stuff in the AFR, but the global stuff nearly always appears on USA Gold first (along with free and full comment) before it finds its way into the AFR.

Now, the AFR costs Aust$2.50 per copy and it is a valuable resource... but I can log onto USA Gold as often as I like for nought! Conclusion? An inexpensive and very valuable resource (and greatly appreciated - thanks Sir MK et al.)!

:-)

Sundeck



Gondolin (9/21/03; 05:23:28MT - usagold.com msg#: 109091)
Pint of Beer v Silver
Steady.

Ouch!!

As a consumer of vast amounts of the amber nectar, not to mention fine wines, I am now hanging my head in despondency. That really did as Rich Powell said 'hit my funnybone.' Last night alone some 15 ounces of silver were passed by!!

I have my position in physical and PM stocks, and despite the feeling I should be accumulating more, I still have to live and enjoy life. But that really did strike a chord when I look at all those I have tried to enlighten who tend to look at me as chicken little, smile and generally dismiss forget what I have shared with them. Of course we all enjoyed the amber nectar!!

But hey, we only live once.

Grateful for Gold: As a daily reader of this forum I have accumulated an education second to none from the great minds who share the Table. I also read other sites but the wealth of information here is the cream. Posts here have links to articles and other websites, and these other sites are invaluable. However it is here that the discussion of events is broken down,nay, even vociferously debated.

As listing the other sites here is frowned upon for the obvious reason, the first source for any reference should perhaps be GATA, where all golden sites are listed. Perhaps our gracious hosts who do refer all comers to GATA on a regular basis, might place a larger reference to GATA within the site to assist newcomers to the Trail. The editorials of Sinclair, Hamilton, Russell, Taylor and Bonner and co on the other side are essential reading.

As a Historian I consider time spent at the Table could be considered as going to the source,or doing extra tutorials, where one can discuss,digest and pull together all relevant information, and indeed discard some as not relevant.

Indeed I now even regularly read the press and on occasion tune in to Bloomberg and CNBC so I can judge how the mainstream sentiment is flowing. Unfortuneately, not everyone can be rich, not everyone can benefit from the coming PM explosion.

Respectfully,I agree with your sentiments but suggest the old saying is relevant here: 'You can lead a horse to water but you can't force him to drink.'



Dollar Bill (9/21/03; 05:20:36MT - usagold.com msg#: 109090)
*******378.2******
.,.

silvercollector (9/21/03; 04:28:18MT - usagold.com msg#: 109089)
$$$$$$$$430.00$$$$$$$$$$
Why do I consider this Mighty Oaken Table of Yore an important resource?

For 3 very important reasons:

a)the speed of the info. If there's an important newsbreak it's usually here first.

b) the accurancy is very high, much more so than say Maria & The Thieves ;)

c) the cross-section of info. With the vast spectrum of posters on the forum one can follow several 'threads' simultaneously.


Thanks to MK and your staff Sir!


silvercollector (9/21/03; 04:15:12MT - usagold.com msg#: 109088)
******The New Bull Market in Gold? Yes.********
Gold is now on a slow grinding uptrend that will last many years, perhaps forever! Over time the uptrend will accelerate and we will see 4 digit gold.

The quick answer for this startling prediction is simply that the US dollar will begin to lose value when measured across a basket of currencies which includes gold. The world's premier currency, gold, will be revalued to reflect ownership of an asset of real value. A gold coin in hand represents wealth and value. Paper currency has a hidden agenda, there is a line up of claims and expectations. Gold is free of this emcumberance. It stands alone, free of lien, free of fear and when, not if paper begins to burn in our lifetime gold will shine.

The US dollar has been on a pedestal for many years and has also served as the world's reserve currency. The dollar is on life support now and has been for a few years now. The world prepares for the inevitable, the demise of the US dollar.

"The candle that burns twice as bright unfortunately burns half as long....and son...you have been so very bright. Now it's time to die."

DummyANI (9/21/03; 03:22:39MT - usagold.com msg#: 109087)
@Robert (9/21/03; 00:44:44MT - usagold.com msg#: 109084)
True reason why JGB cannot gain high rate.
Between USA and Japan, transactions are exchanged with goods & services, equities, and bonds & notes.

According to Department of the Treasury,
T1: transactions between USA and Jp with goods & services are nearly average 33 billion USD per month. This difference is called trade surplus for Japan.

T2: transactions between USA and Jp with equities are less than 33 billion USD per month. This difference is never reported by the sitting administrations.

T3: transactions between USA and Jp with JGB bonds & notes are nearly average 250 billion USD per month. This difference is never reported by the sitting administrations.

T4: transactions between USA and Jp with US bonds & notes are nearly average 1000 billion USD per month. This difference is never reported by the sitting administrations.

A terribly foolish Japanese bankers are always losers at the money-wars(T3 and T4). Background of the Japanese tiny trade surplus, ten or thousand profits gained by bond-wars & equity-wars are transferred from Japan to USA.
I believe that �gcase1: S&P and Moodys are right, and IMF and CBs are wrong.�h is right. And these games cannot continue to play for a long time as like Gold-depression by CBs. A warning light which indicates Bank-Moratorium will be declared is blinking at a few years ago.

D-ANI: Buy a gold, sell a Yen.


Waverider (9/21/03; 01:46:24MT - usagold.com msg#: 109086)
Clink!
Merci...the missing line is the "unspoken thread" in each and every verse! (You ARE cheeky!) ;o)
Waverider

otish mountain (9/21/03; 01:11:14MT - usagold.com msg#: 109085)
Melting Pot post109068
You state in your post:
Keep your eyes on $27 bbl oil. If oil gaps down in a big way next week or week after the dollar will collapse in toto.

Can you expand on this. Last week we talked of certain quotes from Another on this similar subject and thank you for answering my quiries.


Robert (9/21/03; 00:44:44MT - usagold.com msg#: 109084)
DummyANI: case 1 and case 2

In addition to

"case1: S&P and Moodys are right, and IMF and CBs are wrong.

case2: S&P and Moodys are wrong, and IMF and CBs are right."

we need also to consider

case3: S&P and Moodys are wrong, and IMF and CBs are wrong.

In my opinion, case 3 is most likely to be true.

When trying to understand the Japanese monetary policies, please do not forget that Japan does not have many choices. They must do what they are being told to do. Japan is (unfortunately) not a sovereign nation.



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