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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.

FORUM ARCHIVES

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WELCOME TO THE ARCHIVES!

ARCHIVED DISCUSSION FROM 1/5/1999
All times are U.S. Mountain Time

Peter Asher (1/5/99; 22:48:40MDT - Msg ID:1660)
Michael
On the Thurow quote; thats what I'm saying in the next to last paragraph of Post# 1641. The big questions I would like to debate are; how does a gold standard fit in with this, and to what degree will gold be held against the possibilty of this new era failing to appear?

Peter Asher (1/5/99; 22:25:31MDT - Msg ID:1659)
jinx44
The "stolen" money that taxpayers are saddled with is that portion of the borrowing against future earnings [$ created by the Fed] that is loaned to the USG. created money loaned to the citizenry is payed back out of their future production.

SteveH (1/5/99; 21:51:48MDT - Msg ID:1658)
A priori
-- markets have short and long term cycles.
-- Cycles mean that when a market is at a high, it will go lower, when at a low it will go higher.
-- anyone care to add to the list. Just remember that a priori is that which is before all others or the underlying truth or truths.
--(one more) Markets are fueled by sentiment. So a confident market will run, a scared market will drop. (as a side note, nothing has scared this bull of bull markets yet).

SteveH (1/5/99; 21:41:51MDT - Msg ID:1657)
Feb gold still $287.50...but
you can see it is trying very hard to go higher.

Yes, I do feel like the POG and junior golds just are going to make it, that things are in the dumps. But then I reassure myself, "things are always darkest before the dawn." That just at point of maximum pessimism, that is the time to jump into the fire with both feet because, it can't get any worse. And you know, I feel better.

Hey USAGOLD,

I read your posts in the order you said, but could you make the obvious more apparent for us?

Thanks,


Steve

Peter Asher (1/5/99; 21:22:45MDT - Msg ID:1656)
Gandalf
Your first sentence in post #1643 does not align with my second paragraph in #1641

Peter Asher (1/5/99; 21:12:52MDT - Msg ID:1655)
Clint H
That 3.7 trillion of deposits would represent first, per my post last night, all the "production chits" earned by people and not spent. These become deposits loaned to others. This should corelate with the actual production of the populace; some kind of balance between product and money supply. There would then be the other quantity, which would be all the extra money put into the banking systym by the Fed; this would be accounted for by further loans outstanding. The great unknown is how much of the 3.7 B are "production chits" issued against future earnings. This unknown quantity is the driving force behind the potential for inflation, devaluation and default!

PH in LA (1/5/99; 20:48:43MDT - Msg ID:1654)
Price quotations for Euro/Dollar
Does anyone have a reliable source for up-to-the-minute dollar/Euro trading quotes? Yahoo currency seems to be locked up as of January 4, 99. They have always reported European currencies very well and timely. Now they are stuck.

Goldfly (1/5/99; 20:42:14MDT - Msg ID:1653)
USAGOLD Talk to me!
MK said: is it not difficult to "bite one's lip?"

Michael, are you intimating that perhaps the Dynamic Duo are sandbagging? Not wanting to spill too many beans?

When last we tuned in, Another and his faithful sidekick FOA, had just vanquished a horde of orcish Central Bankers. But then suddenly they dropped from the scene—

Now………

- With the World markets in upheaval and disarray…..
- With the Blonde One taking it on the chin…..
- With the new Kid stretching his muscles…..
- And the Old One looking green and doddering, barely a false image of his former self…..

Everyone wonders: When? When will they come riding out of the dunes to save the day? (Or at least let us in on what the heck is going on?)

Stay tuned to the ongoing discussion that asks the questions:

-Will Another *ever* reveal his true identity?
-What will the February Gold contract close at next Friday?
-Is Janet Reno really Alan Greenspan in drag? ( Do you ever see them together?)

And last but not least…

-Will investors ever find the Pot o’ Gold?

Come back for the next installment of our riveting adventure.


Goldfly (1/5/99; 19:15:03MDT - Msg ID:1652)
Buena Fe- I'm with you
I've been so disgusted the past couple of days...
Let's boogie!

I'll bring the music....

Ladies and Gentlemen ---- The Fifth Dimension!

( Big intro heavy on the horns...... )

Dah-da-da-da dah da da dah
Dah-da-da-da dah da da dah

Up Up and away
with my beautiful Doubloons
Wouldn't you like to ride
with my beautiful Doubloons?

And we can soar above the marketplace
you and I
for we can buy!
BUY!!

Don't you have your eye
on my beautiful Doubloons?
Wouldn't you like to buy
into my beautiful Doubloons?

And we can chase the precious metals index
to the sky
for we can buy!
BUY!!

Up Up and away with my beautiful
my beautiful
Doubloons!!!

( fade )
Up Up and away
Up Up and away
Up Up and away……


Hey, with a bunch of heavy-hitters like the 5D on your side, you know you can't go wrong!


USAGOLD (1/5/99; 18:32:43MDT - Msg ID:1651)
To all...including FOA and Another....
Please read the following posts in order...bottom to top starting with the first entry..

USAGOLD (1/5/99; 18:31:07MDT - Msg ID:1650)
To Another and FOA......
When we first talked, the discussion was the euro being introduced at par with the dollar -- one for one. Yesterday the new currency traded officially for a time $1.20.

Under the circumstances, is it not difficult to "bite one's lip?"

USAGOLD (1/5/99; 18:27:58MDT - Msg ID:1649)
To Another, FOA and all.........
Lester Thurow in a recent Nation magazine feature article:

"While Americans must reinvigorate fiscal polcies to remain prosperous, the world is going to have to build a new economic locomotive for itself. That can only be done with close cross country coordination of monetary and fiscal policies among Europe, Japan and the United States, a project they have thus far demonstrated no ability to undertake. But the euro signals the end of the post World War II American era and the onset of a new economic era, which demands new monetary and fiscal policies throughout the world."

USAGOLD (1/5/99; 18:21:13MDT - Msg ID:1648)
To Another, FOA and all.........
FOA's first E-Mail to me............

Mr. Kosares, This "new gold market", it is interesting, yes? The Euro is about to create "much stress" for bulls and bears, in gold! Perhaps, we discuss the past and the future? You have a "more private" e-mail address, as it be for eyes of three, yours, mine and Another.

*************

Buena Fe (1/5/99; 12:51:09MDT - Msg ID:1647)
Party Time!
Watch the 30yr T-Bonds. They appear to me to be about ready to break down through thier intermediate uptrend (from March/97). I believe this is the first stage of igniting the new gold free-for-all, rush, panic, stampede or whatever tantalizes your imagination, type move in GOLD!!
Keep Well

jinx44 (1/5/99; 11:03:23MDT - Msg ID:1646)
Clint H ----- Simple explainations are the best
The $US is created out of thin air and loaned to us. We are taxed to pay for it. The only way to get out of the vicious and illegal scam is to trade all the FRNs (also known as F.R.A.U.D.s, "Federal Reserve Accounting Unit Devices.") you can steal into something of real value---food guns and PMs.

If the above is a reasonable synopsis of your position, RIGHT ON !!!!!!!


SteveH (1/5/99; 04:04:55MDT - Msg ID:1645)
Ray (Feb gold now ??? -- www.quote.com not working)
Dabchick is posting at 0400 or 4:00am, here is this mornings:

For Monday 04th Jan calculated from data published in Today's FT.
Period-1- month---3- month---6- month---------12- month
Rate---0.91-------1.03-------1.26-----------------1.62
Change - 0.04 -- ( - 0.02 )- ( + 0.06 )--------- ( + 0.03 )

Clint H (1/5/99; 03:53:38MDT - Msg ID:1644)
Silicon & Paper
The post by AEL (Msg. ID 1594) held some interesting numbers. Perhaps someone could enlighten me if the following slant on the numbers is wrong.

According to the post the banks currently owe depositors $3.7 trillion. The Federal Reserve estimates there is less than $400 billion in US currency in circulation in the world with only 1/3 of that in the US.

Question: Does this mean that the difference between $3.7 trillion and $400 billion is just silicon money created thru incremental banking? The rest is pine. The pine being the $400 billion created with pine trees and ink.

Question: Where does the wealth purchased and transfered (stolen?) with this fiat money end up?

It appears once again that the only way to recapture some of this wealth is to transfer as much silicon and paper into gold as possible.

I know... This is an over simplification.

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