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ARCHIVED DISCUSSION FROM 4/24/2000
All times are U.S. Mountain Time
(Yesterday's Discussion.)
Elwood
(04/24/00; 23:23:13MT - usagold.com msg#: 29293)
aunuggets (04/24/00; 19:42:58MT - usagold.com msg#: 29281)
"Ever wonder why there are so many coin dealers ready and willing to let you "trade up" from your bullion into "numismatic" gold coins ? Can you say "profit" ? With all due respect to most of these coin dealers, I sometimes wonder if they honestly believe they are doing their clients a "favor" by leading them in such a direction, or if they are just perpetuating another "myth" for the sake of a buck."
aunuggets, you should take advantage of this changing premium. When the premium is low, trade the bullion coins for the older coins. At a time when the premiums are higher switch back into the bullion coins. In this way it is YOU who are profiting by growing your pile of gold with no more cash outlay. I just traded a bunch of old $20 Libertys for more ounces in gold bullion. Gold DOES pay interest.
Elwood
(04/24/00; 23:03:52MT - usagold.com msg#: 29292)
USAGOLD (04/24/00; 20:00:51MT - usagold.com msg#: 29283)
"Now he's married to another Mitchell, teaches economics at the Capitol Building and fiddles with the economy."
Great line. Something tells me that someday we're all going to wish that he'd stuck with the woodwinds.
ThaiGold
(04/24/00; 23:01:10MT - usagold.com msg#: 29291)
Monday's PATSY Index
My 2-CentsWorth for Today. (Pun Intended)
=========================================================
...
...
...
Monday's PATSY Report
4-24-2000
To: ALL
The nightly PATSY Index shows the relative
amount that GoldBugs have been conipulated.
XAU=56.04 + POG=278.10 + POS=4.95
-equals-
339.09
Up +0.02 from Thursday. It's (+) because the XAU went UP.!.
Comment: PPT, as usual pumping up the DOW & NASDAQ. And
when they do that, other BadGuys chime in and short the
PM markets. But I see the trend I spotted last week, is
continuing: Newmont (NEM/nyse) Gold Mining shares are +up+
again today, despite the PM's trashing. It appears to me,
that some SmartMoney, somewhere, is flowing into GoldShares
on a +very+ selective basis. Good ones, can indeed be a safe
haven in lieu of Physical Gold. Notwithstanding, "advice"
of many in this forum who would have you believe ElseWise.
Perhaps they are envious of the nice regular dividends.
Prediction: More (or less) of the same.
ThaiGold...
Got Some.?. ... Get Some.!.
=========================================================
Hill Billy Mitchell
(04/24/00; 22:24:11MT - usagold.com msg#: 29290)
SAMCAM (04/24/00; 16:03:20MT - usagold.com msg#: 29270)
Sir SAMCAM. Your question:
During the bank holidays or money withdrawal restriction was there ever a time when a person could not access his safety deposit box at the bank?
On April 5, 1933, acting under the authority of the Emergency Banking Act, FDR issued Executive Order No. 6102:
"By virtue of the Act (Trading With The Enemy Act) of Oct. 6, 1917, as amended by section 2 of the Act of March 9, 1933…, in which…Congress declared that a serious emergency exists, I as President, do declare that a national mergency exists; that the continued private hoarding of gold by subjects of the United States poses a grave threat to the peace, equal justice, and wellbeing of the United States, and that appropriate measures must be taken immediately to protect the interests of our people." Therefore, pursuant to the above authority, I hereby proclaim that such gold holdings are prohibited, and that all such coin, bullion or other possessions of gold be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, ($20.67 per ounce) in the legal tender of the Government. ALL SAFE DEPOSIT BOXES IN BANKS OR FINANCIAL INSTITUTIONS HAVE BEEN SEALED PENDING ACTION IN THE DUE COURSE OF THE LAW. All sales or purchases or movements of such gold and silver within the borders of the United States and its territories, and all foreign exchange transactions or movements of such metals across the border are hereby prohibited."
"Your possession of these proscribed metals and/or your maintenance of a safe-deposit box to store them is known to the government from bank and insurance records. THEREFORE BE ADVISED THAT YOUR VAULT MUST REMAIN SEALED, AND MAY ONLY BE OPENED IN THE PRESENCE OF AGENTS OF THE INTERNAL REVENUE SERVICE."
By lawful Order given this day, the President of the United States."
The above quote was taken from a book by Michael Haga, "After the Crash", PP 189-190. A portion of the quote was put in caps by me, to bring attention to the action concerning Save-deposit boxes, "YOUR VAULT"
Very scary, Larry, I mean, Sir SAMCAM.
I will repost
Peter Asher
(04/24/00; 21:55:01MT - usagold.com msg#: 29289)
The Stepford Candidate
Did you catch this from that Idiot Gore just now, regarding the shooting by a young teenager.--- "We really have to have mandatory child safety trigger locks," Gore told the crowd, sounding a frequent administration theme. ----
Like a 12 year-old or even 4 year-old would be stopped by that. The man reminds me of that old movie "The Stepford Wives" where they do away with the women and make programed robots out of their bodies.
aunuggets
(04/24/00; 21:16:30MT - usagold.com msg#: 29288)
Trail Guide
Well spoken as usual. And to the point of items of "true art" and "true rarity", I could not agree more.
However, blanket statements as to "all pre-1933" gold as being somehow "rare and unusual" or of more inherent value than any other bullion has long been not only a misconception, but very misleading at times. It is of this type of material that I speek, not the true rarities of the numismatic world.
I too have watched these markets for many years, and have seen todays "rare and unusual" (common pre-33 gold coins) tossed right into the scrap heap on many an occasion. Not that it mattered to most during that period ('79-'80) because of the high prices received, but during the decade of the '70s as now, it was possible to "pad one's nest" to a much greater extent via simple bullion purchases in favor of the so-called "semi-numismatic" ploy.
In "normal times" (whatever those may be), playing the premiums of such items may have some advantages. But when all the pot is boiling over, net gold weight (if we are to stand by our convictions) will be the name of the game.
Thank you for your excellent postings.....I enjoy them all.
ThaiGold
(04/24/00; 21:07:43MT - usagold.com msg#: 29287)
EURO being Abandoned.?.
Attn: FOA/Trail Guide
....
....
....
To: All
To: FOA/Trail Guide
Important news story/link:
http://www.telegraph.co.uk:80/et?ac=000124036011016&rtmo=V6gJg6VK&atmo=99999999&pg=/et/00/4/25/weur25.html
The above link, I couldn't cut/paste the text into this.
But if you go-there, and read-it, it appears to me
(and the Telegraph Reporters) as if the Euro is being
abandoned before they even print the first one.
What do you make of this twist of events.?.
Is their report incorrect.?. If not, why do you (FOA)
continue to tout the Euro so highly.?.
Cordially
ThaiGold
=======================================================
SHIFTY
(04/24/00; 20:42:05MT - usagold.com msg#: 29286)
The N.Y PONZI
Nasdaq 3482.48 + Dow 10906.10 = 14388.58 Devide by 2 = NY PONZI 7194.29 down 49.67 ponzi points!
Sorry I am late today, fell asleep after dinner. Looks like some action in Australia, if Kitco is working tonight!
Trail Guide
(04/24/00; 20:36:19MT - usagold.com msg#: 29285)
(No Subject)
Hello aunuggets,
Why stop there? What would keep the Gov. from taking all your cash? Ha! Ha! That's right, they could just call in all your money!
How about them taking the diamonds, china, 1/2 your food and
spare tires? Hell, they could even demand we turn in 2/3 of our stock certificates (gold shares included)! If they are half as stupid as we think, they may even want all the derivative contracts also (smile).
It doesn't take too much brain space to understand how one tries to structure his wealth to dodge as much "incoming" as possible! Pre-33 may or may not work, but it's a good bet it will.
Also: in the thick of things art work still holds it's premium. So do coins. When France fell, art, coins, china and anything rare was taken before all the rest. Even in Nam rare things held a higher price on the last days. I know some boys who were there.
As for "profit"? I have lived a long time and can't remember not paying a profit premium for anything or any service. In fact, the better the advice the cheaper the profit became. Yet, I have seen many, many people spout off that they pay almost no profit for something. In the end they got what they paid for.
But you knew this already. Just thought I would put in words for everyone, what you knew but forgot to say.
Just something to think about...... (big smile)
Trail Guide
Leland
(04/24/00; 20:15:23MT - usagold.com msg#: 29284)
Farfel, I've Wondered Too
When Geo. Soros dumped some of his holdings. This is the
one that made me wonder what happened:
By Tomi Kilgore, CBS MarketWatch
Last Update: 11:46 AM ET Apr 22, 2000
NewsWatch
NEW YORK, N.Y. (CBS.MW) -- Financier George Soros has
unloaded his stake in Globalstar Telecommunications, which has seen its
share value drop more than 80 percent.
After hitting a 52-week
high of 53 3/4 in
intraday trading on Jan.
3, Globalstar's stock
(GSTRF: news, msgs)
hit a new low of 7 7/8
on April 17 before
bouncing slightly. On
Thursday, the stock
closed down 12 percent
at 10.
The Soros Fund Management LLC group of hedge funds has sold its
more than 5 percent interest in the troubled telecommunications satellite
maker, according to an April 20 filing with the Securities and Exchange
Commission.
Globalstar is a partnership of many telecommunications service providers
and equipment manufacturers, including Loral Space and Communications
(LOR: news, msgs), Qualcomm (QCOM: news, msgs), the U.K.'s
Vodafone AirTouch (VOD: news, msgs) and Hong Kong's China
Telecom (CHL: news, msgs).
Loral is the managing partner of Globalstar, and with a 42-percent stake
in the company, its largest shareholder. Loral's shares closed Thursday
down 3/8 at 8 1/8.
In July 1998, Loral announced that it sold three Soros funds an aggregate
of 8.4 million shares of Globalstar stock at approximately $29.17 each.
At that time, Bernard Schwartz, chairman and chief executive officer of
both Loral and Globalstar, said that "Globalstar benefits strategically by
the addition of the Soros funds as a strong new shareholder with an
international scope."
[Fair Use For Educational/Research Purposes Only']
USAGOLD
(04/24/00; 20:00:51MT - usagold.com msg#: 29283)
For the record: Alan Greenspan Bio by Jack Anderson (Little Known Facts)
http://www.desnews.com/cgi-bin/libstory_reg?dn00&0004190021
"-- After a year at Julliard, he was hired to play with the Henry Jerome swing band managed by Leonard
Garment, who later introduced him to Richard Nixon. He played the baritone saxophone, clarinet, flute and bass
clarinet. He also handled the books and helped band members with their taxes. He played with the band for one year."
-----
I have completed my writing project and will be back in the saddle tomorrow.
Among other biographical detail, let it also be known that Alan Greenspan was a left-handed first baseman, is partial to the woodwinds, and was introduced to the great Ayn Rand by his first wife, painter Joan Mitchell. (Somehow, all of this fits.) From there he taught economics at New York University (though he probably would have preferred to fill in at first for the Yankees, or perhaps play a solo or two for the Dorsey band). All of which brings to question what would have happened if fate had taken a different turn.
Now he's married to another Mitchell, teaches economics at the Capitol Building and fiddles with the economy. As a Fed chairman, some would describe him as ambidextrous -- a switch pitcher who can throw from either side of the mound.
On the markets, somebody said today that nine of the ten worst days in NASDAQ history occurred in the last two months. (That is if I recall correctly: The correct figure is at least in that same realm.)
That 's a stochastic you can hang your hat on.
The rock pauses momentarily at the brink, shudders in a final attempt to keep its place, then tumbles irreconcilably down the mountainside -- its fate, and resting place, unknown except to the unaffected observer who watches it . . . from afar.
Canuck
(04/24/00; 19:54:44MT - usagold.com msg#: 29282)
Confused
Assuming he is correct the Commerce Department is misleading the financial community by counting as exports a "commodity" that is already owned by a foreign entity, and we have to add another $921 million to the trade deficit for February.
-------------------------------------------------------
So who's gold was it that left the USA? I read over the week-end that much of the world's (CB) gold is stored in some 'cavern' seven stories below the New York Fed. If it's Switzerland's gold (for their upcoming) sale(s) why is it being counted as US export? Why is so much foreign gold in the US? What or who's gold is at Fort Knox? Is there alot of gold being double and triple and etc. claimed? Why is all this taking place since the W.A.? And I save the best for last; why do we know of every countries gold holdings and intentions (including Britain, have 715 tonnes, selling 400) except the USA? Why does the US keep every ascept of its gold policies dark, secret, manipulative, convoluted and distorted? Why do I have an inkling of an idea of gold in respect to England, France, Germany, Canada, China, Russia, Kuwait, Belgium, Australia, Japan, and probably a dozen other countries but the intention, the direction, the admission, the accountability, etc., etc., of the US is as clear as mud??
aunuggets
(04/24/00; 19:42:58MT - usagold.com msg#: 29281)
MarkeTalk
What would keep Clinton and clan (or congress for that matter) from taking your gold ? Nothing at all. But what makes so many feel that pre-33 gold is any different when they can "change the rules" at anytime, in any direction if they so desire ?
If the government decides to "call in" gold again as it did in 1933, there is NOTHING to keep them from calling it ALL in, numismatic, bullion, or whatever. Pre-1933 gold has no "mysterious exemption" if and when they decide to get "serious". Too many people seem to overlook this fact when touting, selling, or buying pre-33 gold coins because they are "safe" from confiscation........NOT ! Most of this type of gold is as plentiful as any other "bullion" type gold, yet the premiums consistently charged and "explained away" just don't hold water when you really stop and think about it.
When it comes right down to it, do you really think anyone is going to give you change in a worst-case scenario ? In such an instance, gold will be gold, and an old St.Gaudens will be worth the same (weight for weight) as a Krugerrand, Maple Leaf, or Eagle.
If (when) the bottom ever falls out, gold will be gold, and "collector value" (read over-priced premiums) will be the last thing on anyones mind. Late 1979 into early 1980 was a good example of "vanishing collector premiums" in many gold and silver "collector coins" (i.e. readily available junk silver -- and even "junk gold" as some refered to it back in those days). It was ALL scrap !
Ever wonder why there are so many coin dealers ready and willing to let you "trade up" from your bullion into "numismatic" gold coins ? Can you say "profit" ? With all due respect to most of these coin dealers, I sometimes wonder if they honestly believe they are doing their clients a "favor" by leading them in such a direction, or if they are just perpetuating another "myth" for the sake of a buck.
Remember, Congress is empowered to make the laws of the land, and they can just as easily change the rules right in the middle of the game if they so desire.
Does this mean I think that all "good law abiding citizens" will turn in all their gold at the whim of a President or the U.S.Congress ?
Sure they will......just like they all did back in 1933 !
Seems to be an awful lot of pre-1933 government confiscated gold floating around these days, don't you think ?
Just something to think about......
Farfel
(04/24/00; 19:20:57MT - usagold.com msg#: 29280)
Question of the Day: What Happened to LGB, Anti-Goldbug?
LGB....He used to post thousands and thousands of words attacking goldbugs and their favorite investment over at KITCO, predicting disaster for gold and gold stocks.
Oh, you know what they say: what comes around goes around.
Now I see his favorite company, employer, and oft touted investment, LORAL, just set a 52 week low around 7.00! DOWN over 75% from its high. It seems like only yesterday he was banging on the table demanding the stupid goldbugs buy his company stock because it would zoom through the roof while gold would fall into the sewer.
Loral....What a massacre!
And now stock analyst Ernst over at Prudential just announced in the Wall Street Journal that he does not think the company can survive beyond 2000 without tremendous cash infusions or a huge turnaround in its money-losing global satellite phone business. He is suggesting Loral could be a bankruptcy in the making?????
Wow! Is LGB looking for another job?
Come on, LGB, give us a holler and let us know. Enquiring minds want to know.
Thanks
F*
beesting
(04/24/00; 18:06:54MT - usagold.com msg#: 29279)
Check out this post at Kitco.
http://www.kitcomm.com/cgi-bin/comments/gold/display_short.cgi#start
Scroll down to:
jcolejr114 Kitco Apr.24 19:19(Gold?The Dollar&Greenspan)
An excellent narative on Gold exports.
Sorry my PC has a lot of memory in-operative so I'm unable to cut and paste.....beesting.
MarkeTalk
(04/24/00; 18:04:40MT - usagold.com msg#: 29278)
Musings about recent events--political and otherwise
Without sounding trite, my analysis of the whole Elian Gonzalez affair is that the Clinton administration revealed itself for what it really is: fascistic. If this event had happened in isolation, one could turn a blind eye. But it is just the latest in a series of botched raids beginning with Ruby Ridge, then Waco, and now this. I wonder if Bill Clinton got his marching orders from Fidel Castro or did he buckle under the threat that Castro made last week, i.e. he would do everything short of going to war in order to get the kid back to Cuba. One facet which has been overlooked is that Elian can short circuit the whole appeals process and go straight home if he says of his own volition that he wants to leave. Now, what better way to ensure that conclusion than to "re-unite" him with his father in a secluded place away from concerned relatives. Presto! The problem solves itself. I don't think that Congressional hearings can slow down this train. What's the moral of this story? Our government is acting more and more aggressively and less and less constiutionally. What is to stop Slick Willie and Janet "Rambo" Reno (or their successors) from taking your gold some day when it suits them? Answer: Nothing. This is one reason why pre-1933 coins make eminently good sense.
Onto brighter(?) topics of the stock market. Today was an absolute bloodbath for the high techs. The leader, Microsoft, was summarily taken out and shot--without even a final cigarette! Did you notice the volume traded? Roughly 144,000,000 shares which is 4 times normal volume. I hear the sounds of mutual fund managers puking in the bathroom. Redemptions and/or anticipated redemptions must be running high. Even fallen star, Microstrategy (which cost Janus Fund $500 million in a single day) had further on the downside. Here at Centennial I hear a lot of stories. I had friends and family (who are pro-stocks and anti-gold) tell me that it was a good buy after it fell from 226 to 86 in one day. I think they were right but they misspelled the word. It was "goodbye" not "good buy." And so the craziness continues. Now that the general has been taken out, what about the rest of the soldiers? Just look at what happened to Network Solutions, another high flier. It dropped 22 points. Exodus Communications made its "exodus" today--several days after the Passover. The list goes on and on. Anyone who watches CNBC knows this.
So what's next? Based on historical patterns and other market theories (Steve Puetz, Arch Crawford, Erik Hadik, Elliott Wave, etc.), stocks usually drop sharply in the week following options expiration. Options expired last Friday even though the market was closed. So I expect more downside until the May 6th time frame which, if Steve Puetz' "Eclipse Theory" is valid, should mark some kind of bottom. The U.S. dollar started to slide today and it could slide further. Then there could be a rebound from lower levels. If a panic develops, expect the masses to rush into gold. Even if the market just slides orderly, I expect more and more people will "diversify" into precious metals as a hedge against uncertainty.
Leland
(04/24/00; 17:07:55MT - usagold.com msg#: 29277)
SAMCAM, Re. 1929 Revisited
If I remember correctly, the banking holiday in 1933 only
lasted for 10 days.
What "killed" the economy of many small towns was bank
failures. There were about 9,000 bank failures during the
1930's.
Now, visualize if you had a safety deposit box at one of
the failed banks. They NEVER opened their doors, and
the contents of safety deposit boxes was handled like I
described a few months back on Kitco:
[What happened, as far as I can figure,
when the Treasury agents went through
the safety deposit boxes in the 1930's,
they left receipts in the safety deposit boxes
at the bankrupt banks. Then, the banks
paid only, mayby 5%, on those receipts.
The receipts were for what might have
been left after they helped themselves
to what was in those boxes.
Funny how not many of us are left to talk
about what happened in the '30s.]
My opinion, and I saw women crying at those closed banks,is you really can't trust safety deposit boxes.
Richard640
(04/24/00; 16:47:03MT - usagold.com msg#: 29276)
THC--Thanks for the post
www.usagold.com
I agree with your explanation of why the yen remains strong--My post was merely expressing wonderment at the fact that it continues to be one of the premier currencies of the world. I wasn't disputing the fact that the yen holds value.
Journeyman
(04/24/00; 16:46:16MT - usagold.com msg#: 29275)
Safety deposit -- undocumented hazards
Can't find the clip right now, but a story in California, which is regularly repeated in other states, involves a bank changing hands through a merger, etc., or closing completely.
Often the new owners don't want to be troubled with SD boxes and take them out. They may or may not make an effort to notify box holders at the last address they have. If they do make notification and no one responds after a waiting period, the boxes are taken out and the contents go to a special agency. No notification of this transfer is made. If the contents aren't claimed within a certain period, they are then "taken" by the state.
The name of this agency is obscure, and even if you attempt recovery from it, it is very difficult to prove the contents actually belong to you. In addition, the agency's record keeping is less than scrupulous and more than cryptic.
You may want to think at least twice before using SD boxes.
Regards,
Journeyman
Richard640
(04/24/00; 16:36:02MT - usagold.com msg#: 29274)
June gold 281.40-up 20 cents-S&P up 2.1--Are my Nikkei futures flakey-HELP!
www.usagold.com
I show the June Nikkei futures at 18,355 down 765-I show the previous day's close at 19,120--these are not Friday's figures-(Friday in Tokyo)--can anyone confirm this? If true, then the Japanese weren't impressed with our last hour "rally". The S&P being up only 2 pts. shows no post (late) rally conviction--as you know, I like to see the S&P up all nite-Our biggest down days, when we closed on the lows, followed nites when the S&P was up on globex.When the S&P futures are down big before the opening, we usually, like today, bottom the first 1/2 hour.(Hmmmm, S&P now only up 1.1 pts. now.Could be an interesting nite if Japan tanks)The world equity markets are like a pie crust stretched across the roof of a volcanoe. Fu Manchu is about to pull the lever to the trap door.
Journeyman
(04/24/00; 16:35:53MT - usagold.com msg#: 29273)
1929 revisited: Safety deposit box holidays @SAMCAM 29270
"During the bank holidays or money withdrawal restriction was there ever a time when a person could not access his safety deposit box at the bank?" SAMCAM (04/24/00; 16:03:20MT - usagold.com msg#: 29270)
YES! Bank holidays nearly always include a holiday for everything in the bank, including any safety deposit boxes.
Worse, after the 1933 bank holidays were over, you couldn't get into your safety deposit box without a bank employee checking it with you. He had to make sure you didn't have any of that newly "controlled substance," gold hidden in there. Until 1974, gold, like heroin or cocaine today, was now illegal for Americans, the "freest people in the world," to posess.
If there was a $20 gold piece were found in your safety deposit box, the bank employee would immediately remove it replacing it with a crisp newly printed $20 Federal Reserve Note.
Regards,
Journeyman
Hill Billy Mitchell
(04/24/00; 16:21:49MT - usagold.com msg#: 29272)
SAMCAM (04/24/00; 16:03:20MT - usagold.com msg#: 29270)
Sir SAMCAM. Your question:
During the bank holidays or money withdrawal restriction was there ever a time when a person could not access his safety deposit box at the bank?
I cannot answer your question concerning 1929; however I can tell you that definately in 1933 when the Gold was confiscated by FDR executive order, all lock boxes were sealed. I will have to look up the exact text of the executive order and when I find it I will post it on this forum. I am sure that a bank holiday means that the doors of the bank are closed and that would mean of course that access to safe deposit boxes would be withheld also.
Maybe someone else would know the answer to the question concerning 1929. Even better maybe there is someone out there who has had his or her lock box sealed or seized in 1929 or at any time for that matter. I have been told by my banking friends that If the IRS demanded access to a lock box there would be no way that they would oppose such action. You will find FDR's executive order very interesting indeed. Or should I say sobering.
hbm
Hill Billy Mitchell
(04/24/00; 16:04:24MT - usagold.com msg#: 29271)
Official release
http://www.bog.frb.us/releases/H15/update/
Official: Federal Reserve Statistical Release
Release Date: April 24, 2000
Rates for Wednesday, April 20, 2000
Federal funds 6.05
Treasury constant maturities:
3-month 5.79
10-year 5.99
20-year 6.16
30-year 5.83
upside down spread FF vs long bond = (.22%)
SAMCAM
(04/24/00; 16:03:20MT - usagold.com msg#: 29270)
1929 revisited
As a first time poster and a long time lurker let me be quick to say that this is one of the better forums where a person can come to discuss and learn among serious people.
Then I'd like to follow with a question: Many a times has 1929 been discussed but I've never seen anyone ask the following question:
During the bank holidays or money withdrawal restriction was there ever a time when a person could not access his safety deposit box at the bank?
John Doe
(04/24/00; 15:53:53MT - usagold.com msg#: 29269)
(No Subject)
Apparently, the editors in the parallel universe are pretty lousy, sorry!
John Doe
(04/24/00; 15:47:20MT - usagold.com msg#: 29268)
TALES FROM THE PARALLEL UNIVERSE
"Dad, why are all the buildings so small?"
"What do you mean, Son?"
"All our buildings, they're so small, aren't they?"
"What do you mean, Son?"
"I mean, they aren't big enough to be really useful, are they? I remember when I was just a little kid, you, me, mom, and sis just barely fit into our old house. When I jumped out of bed in the morning, I could touch the ceiling with the palms of my hands and you and mom stepped from room to room hunched over all the time. Now in our new house, I have to stoop and you and mom are walking on your hands and knees! This doesn't seem right – it's not practical, is it?"
"Shhh, you're not supposed to notice that!"
"What do you mean, Dad?"
"Just go about your business, things are supposed to get smaller and smaller, it's normal, it's the way it's supposed to be?"
"Why?"
"It, just is!"
"Why?"
"OK, I'm not supposed to tell you this, but since you asked, I'll tell you what I know, but you must promise not to repeat it to anyone. Do you promise?"
"Yes, Dad."
"OK, when I was a kid, we used to go to school. Oh, not the tiny little rooms the you call school, but a huge building with gigantic rooms, some with ceilings as tall as two grown men!"
"Gosh! Why were they so big?"
"I'm coming to that. Well, we had this class called science."
"Science…what a funny word."
"Yes, and a fun class, too. Anyway, in science class, we would have these things called measurements."
"What were ‘mess-sure-mints’, did they taste good?"
"Haw!…no they weren't food or anything you ate, they were a way of expressing physical things, like height, and weight, and distance?"
"Oh, I heard something in school about those, but not much. That stuff's all too complicated. I think there are experts who take care of those…and the government, too, because it so complicated and everything. But they're called variments, aren't they?"
"Well, that's more than I though you knew, but there's much more to know. A long time ago, even before I was a kid, the government and the scientists decided everyone would be much happier if everyone had the same stuff, or could get the same stuff without too much trouble."
"Gee, that's sounds good."
"Yes, it sounds very good. Well, back then, if you wanted a ham and a ham cost $10, and you had only $9.00, you couldn't get a ham. So, the government and the scientists agreed to redefine what a pound was. They went from using measurements to using variments. So a pound became what had been 0.9 pound and what had been 1.0 pounds became 1.11 pounds."
"Sheesh, that's confusing."
"Yes it is a confusing to most people, especially if they never though about it much, and that's why all variments have been turned over to the experts in government and science. They're smart enough and have enough time to keep track of it all. Anyway, the upshot is that, now everyone could buy the new 9 pound ham which used to be a 10 pound ham. Everyone still got the whole ham, but our ‘concept’ of what a pound was was changed."
"That sounds even more confusing."
"Yes, anyway, you asked about our house."
"Yes, out house! Our house isn't a ham, is it (tee-hee)?"
"No, it's not a ham, but the idea is the same. It wasn't just what a pound is or was that's changed over time, so were old the old measurements as they became variments…."
"Oh, I see, so feet were changed, and inches, and temperature, and…"
"Yes, you've got it."
"But, Dad, do they always have to get smaller?"
"I guess, so. I've rarely seen any variment get bigger. If they did, then people would get less stuff for their money and who would want that?"
"I see, that makes sense, I guess. But, …."
"Yes, Son?"
"But, are house is so uncomfortable. Most days, I can't wait to get outside, even when the weather is bad!"
"I know how you feel, but on the other hand, everyone has a nice house."
"But, it's suffocating me! Sometimes I think I'll wake up with a light fixture stuck in my throat!"
"Now, now, Son, no need for hysteric, you'll get used to it, it's just a phase all kids go through. I'm sure the houses won't get much smaller, and besides, the government and the scientists will be sure to figure it all out -- they're the experts."
"Dad?"
"Yes, Son?"
"Wouldn't have been easier to give the people more dollars so they could buy that ham?"
"Now, Son, you really don't think THAT would work, do you?"
"Nah, I guess not, just an idea…"
Henri
(04/24/00; 15:28:47MT - usagold.com msg#: 29267)
yep
"doin' the garden, diggin' the weeds...
who could ask for more"
And I'm not even 64 yet.
SHIFTY
(4/24/2000; 12:16:26MT - usagold.com msg#: 29266)
slow day
zzz zzz zzz zzz
lamprey_65
(4/24/2000; 12:15:11MT - usagold.com msg#: 29265)
Solomon Weaver
I was just reviewing your post from the 22nd about tunneling...I too share your vision!
Just think of the space we could free up on the surface for parks, farmland, and forests. Business establishments found mainly underground with dwellings both on and below the surface...transportation below, enabling today's eye sores of parking lots and roads to be replaced by vegetation and walking/bicycle paths.
Yes, I too am a dreamer...it's what makes me human!
Lamprey
beesting
(4/24/2000; 10:29:11MT - usagold.com msg#: 29264)
Kitco Gold chart seems to be stuck!
http://quote.yahoo.com/q?s=XAUUSD=X&d=t
At 11:56 A.M. Eastern time Gold was $280.10.
Twenty min. delay is more like 30 to 40 min. delay.....beesting.
Gandalf the White
(4/24/2000; 10:14:30MT - usagold.com msg#: 29263)
Ok == Speechless is the correct spelling !
Wake up !
Gandalf the White
(4/24/2000; 10:11:59MT - usagold.com msg#: 29262)
IS everyone speachless ?
ANYONE home ?
Gandalf the White
(4/24/2000; 10:10:18MT - usagold.com msg#: 29261)
Test
?
Black Blade
(4/24/2000; 6:52:42MT - usagold.com msg#: 29260)
Looks interesting!
http://www.cnnfn.com/markets/morning_call/
S&P Futures now down -17.10 and Au up $1.10. Will it last?
Black Blade
(4/24/2000; 6:31:58MT - usagold.com msg#: 29259)
Mr Softie may be split up.
http://www.cnnfn.com/2000/04/24/markets/stockswatch/
S&P Futures down -11.20, should be fun at the open. Feds recommend breakup of Microsoft (MSFT). The NASDAQ graph at the link says it all. Meanwhile Au is up slightly.
Julia
(4/24/2000; 6:05:02MT - usagold.com msg#: 29258)
RossL, Cage Rattler, beesting
Thank you all for the websites. They're really helpful.
Julia
Henri
(04/24/00; 05:50:52MT - usagold.com msg#: 29257)
$5 Indian msg #29252
(green) ...water water everywhere, but not a drop to drink..."
HI - HAT
(04/24/00; 05:16:07MT - usagold.com msg#: 29256)
$5 Indian 29252 Masks
I concede that what we live in cannot be viewed from behind a mask from the ancient gallery. The modern mask of surrealism has no eyes, but can see.
Still, milestones along the way are marked in linear time. That they have fallen and know ot not, will only increase the pain.
HI - HAT
(04/24/00; 05:11:16MT - usagold.com msg#: 29255)
Trail Guide 29241 Euro Look
Thankyou for look at Euro. I "see", the different set of tracks the trains are on.
You said awhile back that it takes a long time to understand gold. Its true and ignorance is the cruelest teacher of all.
Black Blade
(4/24/2000; 2:57:07MT - usagold.com msg#: 29254)
The Patient Is Dead!
http://www.kitco.com/charts/livegold.html
The chart doesn't seem to be working tonight. However, Au is up +$0.30
Peter Asher
(4/24/2000; 0:41:49MT - usagold.com msg#: 29253)
TEST
Working?????
ViewYesterday's Discussion.
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