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ARCHIVED DISCUSSION FROM 7/4/2003
All times are U.S. Mountain Time

(Yesterday's Discussion.)

Aristotle (07/04/03; 23:56:06MT - usagold.com msg#: 105429)
Cometose, an oldie but a goodie

What you said, and if wishes were horses, we'd ride.

Take notice -- we *ain't* ridin', brother. Dump the white.

*GOLD*. Get you some. --- Ari

Cometose (07/04/03; 23:17:28MT - usagold.com msg#: 105428)
Silver Squeeze
I've got it !!!!
AL Davis , the TEAMSTERS UNION, and the NFL OWNERS ASSOCIATION can buy the contracts, THEY WILL MAKE A KILLING!!!!!!! Perhaps someone will present this idea to them over the weekend!!!!

Cometose (07/04/03; 23:10:49MT - usagold.com msg#: 105427)
SILVER
Jim Pulpuva wrote an article this week about Silver
(catalyst) ...
To help the Chineze cause a short squeeze in SILVER...
....and based on a statistic in the Article about available
supply of GOLD on the COMEX.....

THIS MIGHT BE A PERFECT TIME FOR SOMEONE TO SWOOP DOWN AND
ASK FOR DELIVERY OF 9200 SILVER CONTRACTS........

Based on Thursday's closing price it would take about $ 216 million to corner the silver market......

I'll commit to one .................... contract
Who will take the other 9199????? contracts???????
Any Takers?????????


glennh10 (07/04/03; 21:39:28MT - usagold.com msg#: 105426)
China To Launch Spot Silver Trading In Shanghai July 8
http://biz.yahoo.com/djus/030704/0432000165_2.html
The news link.

Cometose (07/04/03; 21:35:37MT - usagold.com msg#: 105425)
Shanghai Silver
THis could give a "NEW" meaning to the term
poor man's GOLD in the land of 1.3 BILLION wise thrifty and hardworking; actually this could turn out to be quite a play

Send all your (CHINESE) people to the market to buy silver

it starts a run on the metal ; all the chinese who were in on the beginning of the squeese ( like owning an IPO in the mid to late 90's) make a small fortune in the metal and then have the foresight to sell their silver at a 200 to 300% profit and then plow their proceeds into GOLD .....

WHat a novel move????


Cometose (07/04/03; 21:27:34MT - usagold.com msg#: 105424)
SHANGHAI SILVER EXCHANGE
I apologize for this post if this little tidbit has already been submitted ........


THERE is a rumor floating around the floor of another (K) discussion forum that the CHINEZE government has decided to open the SIVER Exchange on the Shanghai Market on JULY the 8th......

If this news is is fresh......
it could make for a very interesting MONDAY MORNING in the trading pits and on the exchanges.......



shades (07/04/03; 19:43:33MT - usagold.com msg#: 105423)
reward for Saddam
So there is a 25 million dollar reward for the capture of Saddam, You relly want to capture him up the reward, lets see to 100 million ,no 250 million, ah what does it matter how much we have a printing press

Sundeck (07/04/03; 17:28:01MT - usagold.com msg#: 105422)
NEMO - You're welcome!
It was a pleasure...

Looking forward to my malt-counting lesson ;-)



...and Happy 4th July Weekend to all our American Ladies and Knights


Sundeck

neer-do-well (7/4/03; 15:09:11MT - usagold.com msg#: 105421)
The unemployed
If we re going to be critical of those unfortunte peoples without a job we'd be well advised to check tht jobs are availible. Mexicans are coming nd have come into the country in large numbers. They are saturating the labor market. I know, after the "60's" I had to get it together doing stoop labor for years, even with food stamps I barely made it sometimes. Couldn't be done now, the Mexicans have tight control now.
Picked lot of apples $5 per thousand pound bin, off the top of the tree and no dents plese. They don't pay much more now.

Prices are fixed on what we buy anyway, even GOLD, what a joke. I agree however, nobody should get a free ride, but the boys on the top are getting the bulk of the loot and keeping the border loose to boot.

Dollar Bill (7/4/03; 13:54:12MT - usagold.com msg#: 105420)
(!_!)
From the terrific Town Crier link
..This outgrowth was a vast debtor class in the nation, directly interested in the depreciation of the currency in which they were to pay their debts. The nucleus of this class was formed by those who had purchased the church lands from the government. Only small payments down had been required and the remainder was to be paid in deferred installments: an indebtedness of a multitude of people had thus been created to the amount of hundreds of millions. This body of debtors soon saw, of course, that their interest was to depreciate the currency in which their debts were to be paid; and these were speedily joined by a far more influential class;--by that class whose speculative tendencies had been stimulated by the abundance of paper money, and who had gone largely into debt, looking for a rise in nominal values. Soon demagogues of the viler sort in the political clubs began to pander to it; a little later important persons in this debtor class were to be found intriguing in the Assembly--first in its seats and later in more conspicuous places of public trust. Before long, the debtor class became a powerful body extending through all ranks of society. From the stock-gambler who sat in the Assembly to the small land speculator in the rural districts; from the sleek inventor of _canards_ on the Paris Exchange to the lying stock-jobber in the market town, all pressed vigorously for new issues of paper; all were apparently able to demonstrate to the people that in new issues of paper lay the only chance for national prosperity.

This great debtor class, relying on the multitude who could be approached by superficial arguments, soon gained control.


Buena Fe (7/4/03; 13:24:56MT - usagold.com msg#: 105419)
the "bb&b" to all (best beer and barby)
the best of the holiday to all the real american patriots within these halls.

some within your eastern halls of power may beg (oh, i hope one day soon) to differ with me, but i beleive that you are the real future of your great nation, largely because you embody & exude monetary "good faith"!

buena fe

Cavan Man (7/4/03; 13:18:20MT - usagold.com msg#: 105418)
Great Liberian Adventure
The trend is your friend for physical AU to defend against a crumbling currency. Working on Another Vietnam style engagement we are? No trifecta yet until Another axis partner falls victim to hubris. Sadly on this day...CM

What would Jefferson and Adams say on this, the anniversary of their deaths?

Cavan Man (7/4/03; 12:57:14MT - usagold.com msg#: 105417)
Hello CB(too)
Greetings from Kalispell, Montana. Watched a small parade today featuring WWII veterans; shed a few tears (sentimental fool). Best 2U and yours and I am enjoying the PHYSICAL gold market immensely. No bears yet but lots of pure NATURE. Will toast you a cold one...CM

Dollar Bill (7/4/03; 12:56:20MT - usagold.com msg#: 105416)
'/ '
Happy 4th Cyberbat,
In my suburb outside Hartford Ct., nice as it is, used car signs are showing up in driveways all over town.
This is new. I am guessing it is a sign consumers finally
are overloaded with cars.

Gandalf the White (7/4/03; 12:47:52MT - usagold.com msg#: 105415)
Question -- What does the World Gold Market look like WITHOUT the NY Pits open ?
http://focus.comdirect.co.uk/en/detail/_pages/charts/main_large.html?sSymbol=GLD.FX1
Interesting RANGE today !
<;-)

TownCrier (7/4/03; 12:22:36MT - usagold.com msg#: 105414)
Independence Day
http://www.usagold.com/gildedopinion/assignats.html
To help you more fully appreciate the blessings of this special day, it might be useful to review the events of a revolution on the other side of the Atlantic that did not go down as smoothly as the one on this side that we celebrate today.

See the url given above for a view of the rise and fall of the assignats... and the guillotine!

R.

TownCrier (7/4/03; 12:10:30MT - usagold.com msg#: 105413)
Tacitus
In your post I was not of the impression that you had secured the author's permission for that complete publication. If you have John Bogle's blessing for re-publication, then please accept my apology and feel free to repost. Otherwise, I deem it prudent to respect the final message he conveyed in this passage of his good article: "©2003 Bogle Financial Center. All rights reserved."

Today of all days... let freedom and property rights ring. Can you dig it?

R.

NEMO me impune lacessit (7/4/03; 12:00:16MT - usagold.com msg#: 105412)
Sundeck
Sire !

My utmost compliments to Your answer, to my humble
question. I owe You at least 3 (lets count them together) large single malt in the bar on the upper deck.

NEMO

jlfletc (7/4/03; 11:40:48MT - usagold.com msg#: 105411)
Tacitus
Amen brother!

CoBra(too) (7/4/03; 10:48:43MT - usagold.com msg#: 105409)
A Global Currency without Gold?
http://www.wanniski.com/showarticle.asp?articleid=2732
Interesting discourse ... and while academia is pre-occuppied by finding a solution to the mess of credit (=debit) overindulgence, use the lull to load your life boat with the essentials of surviving the ongoing wealth destruction of the fiat system.
A spare set of oars may be great, though some Louis D'Ors or any other au coins would buy you even more safety in any haven.
cb2




cyberbat (7/4/03; 09:12:18MT - usagold.com msg#: 105408)
economic scare fact of the week
(1) The main road in my city is absolutely crowded with cash advance stores. (2)They are housed in buildings that once had long thriving businesses that was there from my childhood. (3)Even though there are many of them in a 3 mile stretch of road, THEY ARE ALL,ALL DOING A THRIVING BUSINESS!!!!
Black Blade, please tell me we are just going down the slippery slope and there is time to turn back!! Don't say we have already fell in to the deep abyss but just haven't hit bottom yet!!
Happy 4th everyone. Enjoy it now before some foreigner sues the government because there is no independence day for Lower Slobovia where they were once from.
Cyberbat

CoBra(too) (7/4/03; 08:53:01MT - usagold.com msg#: 105407)
Independence Day
I do hope that all my American Friends here enjoy their long weekend.

The economic fundamentals, which have been supposed to turn up in the second half - in fact, for every year in the last 3 years - have had a pretty nasty jolt with the unemployment numbers.
Furthermore, it does seem that according to the Dow Theory, the sharp post Iraq rally seems about to have run course. At least the Transports have never confirmed a secular new bull stock market.

The only primary bull market getting increasingly stronger confirmation is the gold market. As Rick Ackerman has so expressively 'minted' it lately - Investment in Gold now is almost a no brainer! The only game left in town.

Happy Indepence Day - and I don't mean in any derogatory way, fellow gold-meisters. cb2

PS:MK,TC - you have mail-hopefully!






Max Rabbitz (7/4/03; 08:32:26MT - usagold.com msg#: 105406)
Another function for Gold
I sometimes use an electron microscope in my research. Samples needed to be mounted on a stub and coated with a heavy metal to reflect the electron beam. Gold works best and produces a beautiful if micron thin coat. Well, after multiple uses the pure gold disk used as the ion source was worn out with only an outer rim left. Our technician replaced it and I saw the old one lying on the side. Are you going to throw it away? Yes. Can I have it, I asked? It'd make a nice little picture frame. Yes, she said, it would make a beautiful frame.

I feel a little bad being deceptive. But I wanted that gold. Turned out to be about 4 grams. Images of the movie "Treasure of Sierra Madre" come to mind.

Trying hard not to be a Helot
Max

Max Rabbitz (7/4/03; 08:05:14MT - usagold.com msg#: 105405)
Iraq
I see that there is now a $25 million price on Saddam's head. It's now been several months since the war ended and we still have not found him! Maybe there never was a Saddam!

With regard to those copper "gold" bars found in Iraq. Probably 99% of Americans couldn't tell the difference between copper and gold. A co-worker (graphic artist) thought the Sacagewea dollar was made out of gold. I persuaded him to buy real gold. He did! He had a winning bid on Ebay for a 1/10 ounce Eagle. But when it came he was very disappointed. It's so small! Maybe he'll go back to Sacagewea's.


Max Rabbitz (7/4/03; 07:44:47MT - usagold.com msg#: 105404)
Freedom
As Americans become more and more wards of the State, dependent upon the beneficence of politicians and federal reserve chairmen, we celebrate today our independence from the paternal care of the British Crown. Why did we bother? Our productive classes are now outvoted by an Aristocracy thinking themselves entitled with rights to an easy life. The coming economic problems are a natural correction just as a forest fire clears away years of accumulated deadwood and undergrowth, releasing nutrients and opening canopy for new growth. Unfortunately, when fires are unnaturally suppressed for many years the resulting conflagration takes out even the largest and most healthy trees. Walking the high trail, there is a trace of smoke wafting up from the dry valley below. The wild creatures are beginning to notice and the most alert are beginning to move, soon others will panic. And still only $350 an ounce.

Sancho (7/4/03; 05:20:39MT - usagold.com msg#: 105403)
Goldendome
Re your post #l05398 Aristotle once said in order to find truth we must hear all sides in their most persuasive form. Yours I concur with to a great degree. Too bad most of us on this subject are yelling uphill against a steady wind. And these folks vote too......

ski (7/4/03; 01:51:55MT - usagold.com msg#: 105402)
@ TownCrier

Attention TownCrier ... Check your post of 05/14/03 #102819 ... to see if this was ever done .... for the benefit of others here. ski

Sundeck (7/4/03; 01:17:28MT - usagold.com msg#: 105401)
NORFED = National Organisation for Repeal of Federal Reserve Act
http://washingtontimes.com/national/20030702-113112-8424r.htm
Has anyone heard of this organisation?

Snip:

"...
"We're not antigovernment, we just offer a superior currency," Liberty Dollar founder and economist Bernard von NotHaus tells Inside the Beltway, adding that contrary to popular belief the money Americans spend isn't "federal" at all, rather it is controlled by a consortium of international and private banking interests.
"After 90 years of producing this country's current currency, the U.S. government has performed extremely bad, extremely bad," says Mr. von NotHaus, retired mint master of the Royal Hawaiian Mint. "The Liberty Dollar, unlike the U.S. dollar, is 100 percent backed.
"We're advertising that you don't have to use government money anymore." he says. "Now we've got a choice. We're very much like FedEx. What did they do? They brought competition to the U.S. Postal Service. And what happened? The post office improved dramatically, offering new products, becoming market-friendly. Similarly, we bring competition to the economy's most basic unit — money."
Mr. von NotHaus said that if enough people used the debt-free Liberty Dollar, which is 100 percent backed by gold and silver, and 100 percent redeemable by bearer on demand, the national debt can be eliminated entirely.
Current estimates are that more than 30,000 people use the Liberty Dollar, which comes in three silver denominations (coins and certificates) of $1, $5, $10, and one gold denomination of $500. Millions of the dollars are in circulation — many being spent right under the nose of the U.S. Treasury.
"The last place I spent them was at the National Press Club," Bill White, a Web development consultant for political and corporate clients, tells this column. "You can spend them at 7-Eleven, Home Depot, anyplace you like. I spend them everywhere.
..."

Sundeck:

Their website at norfed.org doesn't load, but there is other information at the following sites (and many others):

http://www.zwire.com/site/news.cfm?BRD=1452&dept_id=155076&newsid=8286192&PAG=461&rfi=9

http://www.nationmakers.com/norfed.htm

http://www.realityzone.com/norfed.html

Small batter versus large pitcher...

Goldendome (7/4/03; 01:03:59MT - usagold.com msg#: 105400)
Sir Gandalf--very true, there are a lot of things that need fixing.
You are correct. Work habits for many are none existent. Those of the past, were different people of a different outlook and temperment that built the roads, the wonderful public stuctures, and park facilities that now stand as aging monuments to the work ethic and skills that existed in that past era.-----Gdome

Gandalf the White (7/4/03; 00:48:21MT - usagold.com msg#: 105399)
THANKS, Sir Goldendome for the REAL WORLD view !
Goldendome (7/4/03; 00:40:22MT - usagold.com msg#: 105398)
===
Perhaps we need something to WORK on again like the CCC ?
Lots of Parks and roads need lots of work !
Perhaps we could get a return for the dole.
BUT, someone would have to teach them to work.
<;-)

Goldendome (7/4/03; 00:40:22MT - usagold.com msg#: 105398)
Another side to the Unemployment problem.

Black Blade and others commenting on the yesterday's unemployment numbers:

Everyday in my store I have many unemployed customers. Just thinking about it, maybe a third are unemployed! Most of those don't show up in the statistics because they have never had a job, don't even think about a job, are certainly in no way looking for a job, and probably will NEVER have a job. Many of these are young people in their early to mid twenties, most are married to a spouse of likewise nature, and nearly all have children.

These are the future life-time wards of the state. The people that the politicians and beaurecrats are always wringing their hands about how they must care for those unable to care for themselves. All of these people recieve from the state cash subsidies, rent subsidies, medical coupons, foodstamps, and even in some cases auto repair subsidies so that they may look for a job.

Near the beginning of the month they may come in and check to see if they have "been paid yet" by having me check to see if there is a positive balance on their food stamp cards! Notice the term "paid", that's how they refer to their hand-outs at tax payer expense.

This country in the hands of our Socialistic politicians (fully both parties now) is more quickly than ever becoming more and more a nation of Consumers, not producers as in earlier decades before the Great Depression of the 1930's and the Roosevelt administration, that taught the politicians of both parties that to be repeatedly elected, all you had to do was to promise to the electorate the keys to the treasuries in the name of compassion. When we started down that fork in the road
we branched away from self reliance. Now we have a nation of lazy, drug and alcohol addicted, deadbeats. Uneducated, unskilled, unable to work with others, and expecting hand-outs as a way of life.

I am more than a little extreme in my feeling, but apart from those who are legitimately out of work and really are victims of the New World Order of Globalization Economics-- I for one am sick and tired of paying the way for loosers with no more aim in life than to party all night, sleep all day, and feel because their Americans they have a right to hand-outs from the state and federal Governments. And furthur-more, I am sick and tired of them pushing the Governments furthur towards bankruptcy, and the spineless politicians unable to stand up and say, "No More!" I'll end now, thankyou.--------Gdome



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