Home Gold Primer Q&A Daily Market Report Gold IRA Gold Coin Prices Charts Stats Essays Site Overview High Net Worth How to Buy Gold Live Gold Price Breaking Gold News Mobile Gold Price Gold Coin Images About Us-Contact Search Video Round Tables

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.

FORUM ARCHIVES

Select date of the archive you wish to view Month 1 2 3 4 5 6 7 8 9 10 11 12 Day 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Archives date back to September 22, 1998

WELCOME TO THE ARCHIVES!

ARCHIVED DISCUSSION FROM 12/28/2004
All times are U.S. Mountain Time

(Yesterday's Discussion.)

Goldendome (12/28/04; 23:31:17MT - usagold.com msg#: 127796)
Ag Mtn: More on SSI reform
In hindsight, your idea of investing the surplus collected SSI funds in stock, real estate, muni's etc. probably was a bolt of brilliance--twenty years ago. Should have been done, maybe some even thought it would be done. I'm not so certain it works in the future...we have the low bond rates now; we have the high accumulated debt levels that may require inflation to neutralize; and we have terribly high levels of unfunded liabilities.

As it is now, the SSI program has a C.O.L.A. adjustment yearly, based upon the government inflation rate. It may not be accurate, but it is there to act somewhat as a deterrent to high CPI as calculated by government. In the future, if government is able to shift larger and larger numbers of SSI programmers into some sort of self determined 401k program, does the government then suffer as much with higher structured payments subject to cola if the official inflation rate gets out of hand???? I doubt it. In fact, in terms of government obligations, they may benefit somewhat, as the government may feel freer to inflate the currency to meet payment obligations. --Many persons 401k programs that you opted into may suffer mightily though, as many persons will not protect against inflation in their program.

Unless we have again entered into a new paradigm (where U.S. profligacy is no issue), then stocks and bonds could suffer greatly with rising rates of inflation [this would seem obvious from past history, but maybe our foreign manufactured goods suppliers will not be concerned with how much the dollar declines, nor the amount that they lose in purchasing power on their held U.S. securities.]

-- As you accurately point out, the inflationary dollars returned to defined program participants will have decreased purchasing power (theft), but, at least, participants will be getting the dollars promised for lifetime retirement benefits, even if decreased in value, and even if the government has to create them.
I'm just not too confident that participants overall in a government mandated 401k type program will end up with anything in many cases if inflation rates rise, dollar confidence collapses, and supporters currently of the debt flee...leaving the stock and bond markets at much lower levels.

On thing that I do not see, is our budget, trade, and current account deficits improving--do you?
(even as the dollar declines, they have not improved). The trends will likely accelerate, (and quickly as SSI funds and surplus disappear) if not immediately, then at some point in the future. We have all studied here and elsewhere, that this will likely lead to poor outcomes. Outcomes that I don't feel will favor paper assets.

You ask about my use of the word "steal". When money is collected for a purpose, then allocated for another use, that is theft, fraud. What we have had, is 22 years of increased SSI taxes that have been nothing more than an additional general fund piggy bank for the politicians. The country would be better off, had the deficits simply been faced and dealt with as they occurred. Possibly,possibly, spending may have been at least a little more restrained.

In many respects we are on the same wave. We hold gold and silver physical as a store of wealth, and possibly, some hard asset stocks for leverage and speculation.

Nice evening to you.




Ag Mountain (12/28/04; 20:47:28MT - usagold.com msg#: 127795)
@Flaccus
When we see all the hollering by (mostly) Democrats on news channels about the possibility that the Social Security program could be privatized more or less, they usually say its part of a Republican scheme to prop up their buddies on Wall Street. Plus, they balk at the risk, and it's likely that your local economy reinvestment plan would also come under their fire as being too risky. So that's a clue to at least one of the reasons the Social Security administration puts its surplus cashflow into megalith U.S. government bonds, it's done for the agreeable "risk-free" aspect that the U.S. government won't default on them thanks to their sovereign money-printing authority. It's true the money doesn't HAVE to go there, but in addition to the low-risk investment perceptions the money-hungry favor-doling federal politicians are sure happy that it does go there and that alone is probably reason enough why it does keep going there.

So like you'll probably agree, the SS money in U.S. bonds is technically free of default risk, but that sure doesn't mean there isn't a very real risk that when the government issues the dollars in payment those dollars might be nearly worthless. High-profile default-style risks are being replaced by very real but low profile funny-money risks at the time of payout.

Of course, to the Social Security administration that important little detail of purchasing power isn't their problem. They only care whether the numbers flow. That's why an individual needs to have a care and protect their worth with gold ownership.

Druid (12/28/04; 20:29:57MT - usagold.com msg#: 127794)
@Ned, Mikal, Henri.....all

Druid: Ned, thanks for the kind words a few posts back. your metaphor describing the 18 wheeler and all the wheels flying off at the same time as reflective of our credit system was funny and appropriate. Thanks for a good laugh. You sir are a quick study.

@Mikal, I'm currently on Christmas vacation on the planet New Mexico (where I'm from) and am trying to keep up with all the giants of this forum as best as I can. I'll go into much deeper detail concerning your question a little later on tonight.

@Henri, a very heartfelt relief that your daughter is safe and in touch with you. God bless both of you.

I hope all had a wonderful Christmas.

mikal (12/28/04; 20:22:26MT - usagold.com msg#: 127793)
International Accounting Standards
http://www.economist.com/agenda/displayStory.cfm?story_id=3493407
All Together Now - December 28, 2004 - Economist
New standards will be adopted voluntarily, or mandated as in Europe by many countries and companies starting next month.
Among some 90 or so changes(and more are in the works) said "to encourage openess" are reporting deficits in pension plans (and taking this out of profits on the ledger) and expensing options(reporting them on the profit and loss statement).

Flaccus (12/28/04; 19:29:49MT - usagold.com msg#: 127792)
SS money
There's another option. Deposit the money in national banks on a pro rata basis and let them reinvest it in the local economies. Why does the money have to go to supporting the federal government megalith?

Ag Mountain (12/28/04; 18:15:45MT - usagold.com msg#: 127791)
@Goldendome
Do you know exactly what you mean when you say the government first needs to "stop stealing the SSI contributions"? Lots of people say it but they don't have the beginnings of an idea. What it means is one of two things: to either stop taking in a surplus on the tax during this early phase of the boomer work-retirement lifecycle, or else to take what comes in and invest the present excess in something that ISN'T a bond of the U.S. government. That means corporate stocks or bonds, munis, foreign bonds, or gold.

The choice is an easy one for a person to make but how do you think the Social Security agency sees it?

It isn't being stolen, but then again it doesn't really exist anymore as a trust fund, either, when its promise is part of debt upon debt whose repayment is like a game of musical pockets with each round having more pockets but there's only one coin to fill them all if or when the music stops.

melda laure (12/28/04; 18:13:44MT - usagold.com msg#: 127790)
(No Subject)
Thus wailed Yavanna at the inunadtion of Numenor:

The olden days have alas turned to clay.
Because I spoke evil things in the assembly of heaven!
How could I say evil things in the assembly of heaven,
And order a flood to destroy my people?
No sooner have I given them life than
They fill all the sea like so many fish!

(with apologies to the Gilgamesh author.)
So many lost, it makes 911 AND the Iraqui civilian casualties look like the latest traffic accident on the evening news- All lost in the twinkling of an eye. And for what? But just as the building of the international monitoring network that might have spared us this obliteration is the task of many hands, so too, the international financial superstructure has also been ignored. It is a collective task that is no one nation's responsibility - and (absent a collective effort) ALL papers will burn!.

Catastrophe first! Remedy AFTER!

Yet is it not a marvel, here and there you see survivors, either clinging to trees, or more likely, filming video while standing on buildings of steel and concrete. And how shallow and modest is the difference in elevation between survival and death. The lucky ones stand just meters, just a few yards away from swirling death and the raging waters, and see the swift death rush past.

Sir GAB. The capital destruction you speak of has gone on for many long years now. But what is capital? Can dollars buy life in a place that has been wasted as has Aceh? Can gold? No. All the capital has been wiped out: the restaurants the resorts, the buildings the fishing boats the nets and all the customers. The means (equipment) to feed and clothe ourselves as a nation- THAT is the capital that will be missed on the day the dollar is all sucked out to sea and crashes back on top of us. And to Sir Reserves: this is not the fault of "free trade", but rather made possible by free credit unbounded by any restraint- this is not "globalization" but rather a global deluge of credit.

As for me, I do not await the resolution of this gold war with eager anticipation but with a sense of growing unease.

But before that- a short fairy tale. Some here will no doubt have heard of the ring of erreth Akabbe? Indeed there was such a device in long ages past, not a ring though but a chain of four laws, not of runes. These four laws, or rather bodies of law were handed to men in days so far past the years can scarcely be imagined, and throughout the fading years some groups of people have retained scraps of this knowledge here and there, retaining more of those parts that their own natures found more important or consonant. Of old there were four books; of these only one is important here (the law of commons). The Romans spent almost 1000 years tinkering with trying to rebuild that knowledge into a workable system - amid all the challenges and misfortunes of the world. When at last Justinian laid down his pen and the roman world fell down, the law gathered dust for half a millenium until europe again took up that book. You have been trying to perfect that knowledge ever since and not without sucess albeit bought with great pains.

This present age then, is not one of barbarity and ignorance, but is now the greatest age of englightenment that man has ever had. Go research what "aid response" came after Krakatoa. Today, we have not only a Pope, but also a UN, a world court, and countles other private and unaligned organizations that span the globe- no longer does the world wait for the emperor to act. Ask yourself what King decreed the islamic dinar effort? But just as the coast peoples of the indian ocean have laid aside knowledge of great waves, we have (for the present) laid aside our memory of true economics - preferring to belive in the permanency of unbalanced credit. Sadly though, many feel safe strolling on the calm beaches. Some build on higher, and harder ground. Some build free markets on the low lands of the delta, others (europe, japan, US) build regulatory walls to protect their agriculture. Saddam's Iraq, north korea, Turkmenistan, Zimbabwe, these are the exceptions

Protected by walls we are- but are not safe. Not all walls are golden. Yet Noah was saved by a reed wall, tis said, because he listened to the one who spoke from behind it.



Goldendome (12/28/04; 17:47:36MT - usagold.com msg#: 127789)
@ Federal Reserves: Priorities, priorities
Nothing like a good party, ehh? I'm not on their pass list, are you?

Goldendome (12/28/04; 17:36:26MT - usagold.com msg#: 127788)
Social Security to become a 401k program?

Just heard from my favorite radio station that the administration has decided that they are just not going to be able to tackle two of their 2nd term pet projects at once. Those two projects are tax reform and reforming social security. Just too much to bite off at the same time. Sooo-- the choice is to reform social security; it was announced.

We already know the tax code is a time consuming, expensive process that not many understand; it does generate GDP for the nation though, they'll leave that for another time.

Let's stir the pot a little. Reform of the Social Security System is the next step in stealing your money! Yes, it is. This will be the step that begins to turn the SSI system from a defined benefit program into a 401K program!

Remember the past? Remember now?
Who benefits most when defined benefit programs are converted to 401K programs? No--not you Einstein! and, I know that I'm not that good at picking investments either. --No, the big beneficiaries generally are the companies that have abandoned their defined programs, broken the contracts of decades with their workers. The defined pensions are replaced by the vagaries of the market and the misapplied confidence of those millions of people who mistakenly think they can do better investing their own money in lew of a defined amount, but usually come out behind what they would have had with the defined pension.

The next big beneficiaries of 401K's? The investment community companies and their brokers and stock paper pushers. Obviously, lots of money flowing in makes for lots of rub-off on them!

The 3rd big beneficiaries? Any company with an idea, regardless how preposterous. Have we forgotten the late "90's.
===

In the government's plan to create a mandatory 401K program, the government is the big winner, as they get out from under the commitments that are approaching them as a tidal wave. The investment community, comes out an even bigger winner than it is now with fees and the stock market takes off like a rocket. The losers? Probably, anyone that loses their defined pension.

There are those who will do well picking stocks and will come out money ahead, but for each of those there will be two others that lose their stake in market downturn years and will be back asking the government for a do-over, wishing to get back into the defined program, when old, shot, and no longer able to work.
===

The first part of the solution, I feel, is for the government to stop spending so much money! Stop stealing the SSI contributions and frivolously spending the other tax revenue.
_______________________

Henri: We are all pleased that your daughter was saved from the disaster in the Indian ocean. Such a terrible ordeal. I'm certain that you will hold her more closely and longer, when you are united.

Waverider: Happy to see you back! We have all missed you! My brother in law, a crabber out of West Port, Washington, lost his twin brother many years ago to the angry waters off the Aleutian Islands. Only time will help, I'm so sorry for your loss.


Federal_Reserves (12/28/04; 17:24:10MT - usagold.com msg#: 127787)
Tsunami Aid
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20041224/ap_on_go_pr_wh/bush_inaugural_donors&e=1&ncid=
WASHINGTON, Dec. 28 (Xinhuanet)-- The United States will offer another 20 million dollars in aid for victims of a massive earthquake and tsunami in Asia, the State Department announced Tuesday.

>

Estimated expenses on Bush Inagural.
40-50 Million.




mikal (12/28/04; 17:18:25MT - usagold.com msg#: 127786)
@Druid
You recently posted several explanations of the US debt trap. Providing stunning hyperbolic, aka exponential requirements for its funding in the months, weeks, days, hours and seconds to come. This is tsunami.
Suppose though that many alert fund managers, large investors or governments joined or are on the verge of joining men like Warren Buffet, who has recently taken out insurance in various currencies, including Gold?
This may itself be THE sea change, the tsunami.
I have thought also that intelligent beings with advanced warning detectors as standard cranial equipment would before long act without waiting for others. But economic interdependence and political expedience delays much, even most of the action so far.
This leaves little investors like mikal struggling daily to resist the clutches of complacency as yearly redundancy in financial news and analysis challenges us to read between the lines.
Media's common alarm of unsettled conditions for so long, threatens to jade my sense of real conditions. And too much and conflicting data overwhelms most of those who might otherwise register immediately their only hope.
With the magnitude of the historic event we have begun to feel and even smell in a changing wind, it's enough just knowing credit creation or household debt, absent any other readings from early warning instruments/detectors and navigational aids.
As they say, only so many life boats exist to go around and even fewer exit doors. What New Year's Resolution will have the most importance for business and investing in 2005...


CoBra(too) (12/28/04; 17:12:38MT - usagold.com msg#: 127785)
@ Henri
It is a flagrant policy failure that has created a monstrous, unsustainable imbalance, both domestically in the United States and globally. However, for years, American policymakers and economists have glorified this deficit as America's great contribution to world economic growth. But the day of reckoning is rapidly approaching.
Unable to adjust to the destruction of huge parts of countries, where some of my friends spent their X-Mas holidays as well, Kristin is standing out as a beacon.

Thank you so much for sharing your terrible experience.

As this catastrophy is slowly recognised as a gigantic, maybe biblical tempest of singular repercussions; Not alone affecting 3rd world inhabitants,; No; Affecting the so called first world in destroying the Paradise sought in their quest to excel and enjoy to the hilt their prosperity!

A prosperity, built on debt. And a prosperity which won't last and not least according to Kurt Richebaecher:

" It is a flagrant policy failure that has created a monstrous, unsustainable imbalance, both domestically in the United States and globally. However, for years, American policymakers and economists have glorified this deficit as America's great contribution to world economic growth. But the day of reckoning is rapidly approaching.

Regards", ...


cb2



Boilermaker (12/28/04; 15:39:42MT - usagold.com msg#: 127783)
Henri (12/28/04; 12:20:17MT - usagold.com msg#: 127779)
After reading this message it is clear to me that Henri's parenting has been exceptional. Good job Henri and Kristen and thanks for sharing.
Now Henri needs to guide this young lady to understand the forces we goldbugs see as a tsunami that will consume the illgotten wealth of a corrupt system. Perhaps she will become a crusader for reform. We need her.

Tevye (12/28/04; 15:32:31MT - usagold.com msg#: 127782)
Henri
I came to the forum today not to read about Gold, but to get the news about your daughter. I am immensly pleased and relieved. You have been in my prayers. Now, enjoy the peace this season should provide.

As you note, we all have more and better ideas courtesy of the sharing at this forum. But we have something more, (which I find quite fascinating) and that is a concerned relationship with/for each other; a belonging far beyond the mere posting of words; even overlooking each others eccentricities (or should I say rants) ;^)

And that may be a most important tradition!
Tevye

TownCrier (12/28/04; 15:23:37MT - usagold.com msg#: 127781)
Gold emerges as safe haven for investment
http://timesofindia.indiatimes.com/articleshow/974002.cms
TIMES NEWS NETWORK, DECEMBER 28, 2004
NEW DELHI: The year 2004 might be termed as one of the most volatile period in the bullion markets when gold touched its 16-year high $458 an ounce...

...The bullion prices in India is directly linked to its international price in dollar. In the last two years, according to the World gold Council (WGC), bullion emerged as an good investment alternatives in the international market.

According to World Gold Council's estimate, the investment in gold increased almost three times from around 325 tonnes in 2001 to 900 tonnes in 2003.

The gold demand as an instrument of investment has gone up in countries like US, Japan and Turkey. In USA, people are investing in gold to hedge against the depreciation in the currency. However, India continued to be the biggest consumer of gold...

...MD of MCX Jignesh Shah said that the rising current account deficit of the US would continue the depreciation in its currency. Because of this, he argued, bullion would continue to be an instrument to hedge against currency depreciation for a large number of investors. In this circumstances, gold is set to scale new heights in the new year.

-----(from url)----

A depreciating dollar lends itself to rising prices and global dollar holders pursuing gold as an alternative, thus putting further pressure on prices, increasing gold's appeal as a bullishly trending investment, thus drawing further investment demand...

Before you know it, as compared with the combined performance and sure tangibility of gold, the dollar falls out of favor as an international reserve, and the skyrocketing $-price of gold being sought by excess dollars becomes a secondary issue to the primary drive of securing the physical from anyone willing to accept dollars during the transition to a significantly realigned equilibrium -- a new composition of reserve holdings.

Choose gold today under the favorable terms of acquistion that yet prevail in calmness ahead of potential crisis.

R.

USAGOLD Daily Market Report (12/28/04; 15:05:32MT - usagold.com msg#: 127780)
Page Update!
http://www.usagold.com/DailyQuotes.html
The Daily Gold Market Report has been updated.

If you are considering investments in gold we invite you to request our free introductory information packet detailing the products and services offered by USAGOLD ~ Centennial Precious Metals. We welcome your inquiry and look forward to working with you.

Tuesday market excerpts

Gold futures closed lower Tuesday to mark the contract's first loss in three sessions after a climb in U.S. consumer confidence offered an upbeat picture on economic growth.

The news "raises speculation that the U.S. economic growth outlook will improve, which may invite the Fed to raise rates again when they meet in late January," said John Person, president of National Futures Advisory Services.

COMEX February gold closed at $445.30, down 90 cents for the day. The contract gained a total of $4.80 during the previous two sessions.

The absence of London-based players due to a U.K. holiday ensured that already thin holiday conditions were further muted Tuesday and left U.S. dealers watching prices tick sideways through the session. Although U.K. markets will reopen Wednesday, overall trading activity is expected to remain very light until after the New Year gets underway, dealers agreed.

"There's no one around to do any business, and even if there was, there'd be nothing to do because all the markets seem to be on pause mode until we get into January," said a dealer with a U.S. investment bank. "It's going to be a ghost town around here until next week," he said.

Erik Gebhard, president of Altavest Worldwide Trading, said that "looming accounting scandals at Fannie Mae could scare some foreign investors away from U.S. dollar denominated paper assets and therefore depress the dollar further."

Therefore, Gebhard said, although the dollar may be "due for a corrective bounce, and subsequently gold will likely then pullback," February gold will soon after "re-test the contract high near $458 and remain in an uptrend."

----(see url for full news, 24-hr international newswire)---


Henri (12/28/04; 12:20:17MT - usagold.com msg#: 127779)
Thank you all for your comments
And the beautiful Haiku

It is very difficult trauma to deal with when you just don't know what is going on. What am I talking about...it was totally unbearable...Now I have a better idea of what the families of the 9-11 victims went through...yet by the grace of God ours was a happy outcome. It is interesting the emotional tsunami that develops...I was angered at the apparent slow response of the Americans to this disaster. I now realize that there was at least one American that was there before anyone else and I am proud to call that American my daughter.

She is truly what I would like the world to think of when they think of the USA.
(Pathetic Soapbox piece ignore next paragraph)

Perhaps instead of the billions spent in liberating sand dunes from despotic madmen only to release millions more despotic wannabes to take his place, perhaps our resources and efforts should be focused on giving our young people training in how to respond to and organize first responder efforts in a disater situation. But then again, I think Kristen did a great job and probably better than someone could have or would have done if they had felt obligated to serve by virtue of training or a mandate to provide a humanitarian national image. That kind of thing only robs the individual of the ability to freely sacrifice their own self-interest to help others and afterwards robs them of their humanity and sense of self worth...because they will forever wonder if they would have done it of their own free will and not because of the expectation of others.

Kristen is for me truly an American Hero. To those who would criticize our slow response to the rescue efforts. I say, We WERE there...at least one of US

A mathmatician friend of mine has a poster on his bulletin board at work that says:
"If I give you an apple and you give me an apple we each have an apple. If I give you an idea and you give me an idea then we each have two ideas"
..or something like that.

Well this is true but sometimes the sharing of ideas becomes more of a "who is more right" argument.

I would like to kick this up a notch.

When we share love, we become a beacon of hope that transforms all who behold the event and then those who did not see it but only heard of it and so on...


TownCrier (12/28/04; 11:18:49MT - usagold.com msg#: 127778)
Eurosystem trims gold, hacks paper
During the week ended December 24th, a member national bank of the Eurosystem was involved in the reallocation of 1.6 tonnes of gold under the terms of the Central Bank Gold Agreement of Sept 2004.

On the books, this represents just EUR 17 million, and thus trims the consolididated Eurosystem gold reserve holdings to EUR 129.93 billion.

However, it is more significant (as I've stated in previous addresses on this topic) that the Eurosystem meanwhile allowed the cuttion of a full EUR 1,000 million (one billion) from its consolidated net position in foreign currency, thus reducing that position now to EUR 165.7 billion.

As the months march by, the size of these two categories of reserves continue to approach each other -- bloated currency coming down from above (through dishoarding and M-T-M devaluations) while gold rises from below (through mark-to-market revaluation increases and membership additions besting the size of reallocations).

The next mark-to-market snapshot of the price (value) of paper and gold reserves held within the Eurosystem occurs at the end of this week, and unless exchange rates change appreciably, the paper position is going to take a haircut of approximately ten percent on the quarter.

As the Eurosystem will attest by experience, gold serves you better. Choose gold.

R.

TownCrier (12/28/04; 10:18:42MT - usagold.com msg#: 127777)
Gold haikus for the holidays
http://www.usagold.com/hall/haiku.html
Thanks for the reminder, goldenpeace; I'd briefly thought of posting this yesterday, but then forgot to do so.

With little economic activity to digest during this year-ending week between holidays, some of you may enjoy putting your restless hands toward fashioning more golden haikus worthy of the world's finest collection right here at USAGOLD.

R.

TownCrier (12/28/04; 10:10:27MT - usagold.com msg#: 127776)
Fed adds $6.25 billion, eye on MBS
While the fed funds market traded in line with the latest FOMC policy directive, the trading desk for the Federal Reserve System again marched to its own tune and entered the open market with an eye toward firming demand for mortgage-backed securities. The Fed introduced $6.25 billion temporary dollars into the banking system collateralized primarily with MBSs, taking all comers at 2.3 percent.

R.

goldenpeace (12/28/04; 07:37:55MT - usagold.com msg#: 127775)
For Henri, a haiku...
From Tempest tossed
emerges whole the beloved.
Almighty grace shown again.


May we all be held by such grace.
Blessings
goldenpeace

Boilermaker (12/28/04; 05:40:43MT - usagold.com msg#: 127774)
Henri
Ditto all the comments about your remarkable daughter. Our prayers were answered. Thanks for sharing this story.

Ned (12/28/04; 05:24:35MT - usagold.com msg#: 127773)
Caradoc
I think gold and gold stock traders are feeling a little apprehensive (2004 was pretty much a bust for the stocks) and are waiting for serious confirmation of near-term events.

I see the USDX sitting at 80.6 this morning, this is getting very close to critical support levels. We reached 80.3/80.4 in early 1991 and 80.0/80.1 in early 1995. I believe if these are taken out 470/480 is a 'gimme' and then the multi-decade support of 78.43 in late summer '92. I believe this is when we see Sinclair's $529+. After that I see no resistance until $700.

Wouldn't that be lovely!

Waverider (12/28/04; 00:44:47MT - usagold.com msg#: 127772)
Henri
You must've cried tears of happiness and relief upon receiving your daughters email. Even with a positive outcome like this, one learns a new depth of appreciation of how fragile our lives really are - I think it teaches us to embrace the best in each moment of each day and to thank the Good Lord for small blessings. The very best to you Sir Henry and thank you for sharing the joy of your daughters homecoming and her amazing response to the disaster with us.

Aristotle (12/28/04; 00:22:45MT - usagold.com msg#: 127771)
Henri --
Thanks for sharing a very bright light in what remains, overall, a dark hour. Hope endures, and is at some times, quite sadly, all that we have. (And maybe that's why I feel compelled to chasten certain posters on the monetary scene for their wearisome and unproductive negativity.)

Gold. Get you some. --- Aristotle

Aristotle (12/28/04; 00:00:33MT - usagold.com msg#: 127770)
LHead -- in light of your reply to Rich
Lest you think mine was dishing out more of the same "think positive" vibe which you've addressed, let me expound.

Just as you say a positive pole of a battery is no good without a negative, stop to realize that YOU, dear fellow, are as a battery unto thyself. Don't be a negative pole first and foremost in a misguided attempt to balance the positivity of humanity. Take care to strike a *balance* for yourself as an individual, and serve as a good example to your fellow man.

Gold. Get you some. --- Ari



ViewYesterday's Discussion.

Permission to reprint is hereby granted where the USAGOLD name is cited along with our web address, mailing address and phone number. For electronic reproductions, citing the post heading and the http://www.usagold.com/cpmforum/ website address as the source is sufficient.

Thursday February 9
website support: sitemaster@usagold.com
Site Map - Privacy- Disclaimer
The USAGOLD logo and stylized gold coin pile are trademarks of Michael J. Kosares.
© 1997-2012 Michael J. Kosares / USAGOLD All Rights Reserved