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

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ARCHIVED DISCUSSION FROM 1/5/2005
All times are U.S. Mountain Time

(Yesterday's Discussion.)

YGM (1/5/05; 23:52:59MT - usagold.com msg#: 127953)
Buongiorno...
You still got me laughing @ your plans for the 'Confiscation Agents'...I do hope you'll post more often...We always need a little witty humor and some new thinkers around here...Regards...YGM

Black Blade (1/5/05; 22:06:22MT - usagold.com msg#: 127952)
Gold tallies three-day loss of $11
http://cbs.marketwatch.com/news/story.asp?guid=%7BBB4F48E9%2DE110%2D4FD0%2D9E15%2D5214B1F77FF6%7D&;siteid=mktw

Snippit:

"Gold confirmed its reputation as a leading indicator of broader commodity weakness [Tuesday]," John Reade, an analyst at UBS, wrote in a note to clients. "This pause indicates that much of the hot money has now exited long gold trades and ... the metal is poised to rally once the U.S. dollar stabilizes," he said. Overall, the "firm dollar will prove short-lived," UBS' Reade said, adding that he expects gold to average $440 an ounce in 2005, and climb up to $500 at some point in the second half of the year. At last check, the dollar was weaker against the Japanese yen, but had gained ground against the euro. See Currencies.

James Moore, an analyst at TheBullionDesk.com in London, said, "The prospect of further short-term gains by the dollar and Friday's nonfarm payroll figures are likely to see gold test key support around ... $424.05." See Economic Preview. But as the market heads towards Iraq's election at the end of the month, "traders are likely to become more cautious as the violence in the Middle East shows no sign of easing," Moore said. "[In the] longer-term our outlook is still bullish with the scale of the U.S. deficits, general geopolitical picture, and scale of recent investments all increasing the argument for gold," he said.

Prices are having a "difficult time" attracting buyers and "traders seem to be selling into rallies," according to Charles Nedoss, an analyst at Peak Trading Group in Chicago. Prices are seeing resistance at the $438 to $440 level, along with support at $425, he said.


Black Blade: I generally agree with these statements. I would add that from a purely fundamental standpoint, gold looks well undervalued in US dollar terms and well supported on supply-demand for the physical metal (with supply expected to get much tighter).



mikal (1/5/05; 20:29:48MT - usagold.com msg#: 127951)
@Goldendome
Good to hear from you. Sorry to hear about your close to "not one damn dime day" situation. I hope your gold sees you through.
Re: "the border". I would love to drive up there but I'm assuming you're in the Northwest whereas I'm in NY. Someday soon there may not even be any questions @ the border or even a border @ all.
Re: Your "gold is cold." Funny, I was listening last week to a classic rock CD by Genesis and Peter Gabriel, newly remastered, and heard those exact words in "Dancing With The Moonlit Knight", off the album Selling England By The Pound(1973):
"...The Captain leads his dance right on through the night- join the dance.
Follow on! Till the Grail sun sets in the mould.
Follow on! Till the gold is cold.
Dancing out with the moonlit knight,
Knights of the Green Shield stamp and shout.
There's a fat old lady outside the saloon;
laying out the credit cards she plays Fortune.
The deck is uneven right from the start;
and all of their hands are playing a part.
Captain leads his dance right on through the night-
join the dance.
Follow on! A Round Table-talking down we go.
You're the show!
Off we go with: You play the hobbyhorse,
I'll play the fool.
We'll tease the bull
ringing round and loud, loud and round.
Follow on! With a twist of the world we go.
Follow on! Till the gold is cold.
Dancing out with the moonlit knight.
Knights of the Green Shield stamp and shout."
Best regards

Ned (1/5/05; 20:20:59MT - usagold.com msg#: 127950)
Rich........dear Sir
From yours:

"I still don't understand how gold can be "freed" from being appraised with a monetary amount (no matter whose currency is used) and until I can comprehend this, I can not comprehend further".

It is a non-comprehensible position that I view gold as the ultimate possession. It is not abstract nor is it unbelieveable that gold suddenly acquires its astronomical value when fiat suddenly acquires a value of nothing.

The concept of 'free gold' and 'mark-to-market' is in dream-land. Sorry Belgian, it's soon to be over, even for Euroland. We watch 'Peak-Oil' , yes? Whilst free-gold and dollars per once are perhaps measurements of fiat/gold (read fiat per gold) try unloading a nuclear bomb in Manhattan and see what dollars REALLY mean.

The concept of what SHOULD happen vs. what WILL happen vs. MIGHT happen are 3 scenarios that the Feds will have to deal with. In case this is too ugly a discussion topic then delete the thread. Terrorism will end negotiations...all of them. Sorry.......reality sucks.

I just read another ugly concept, "Blood and Oil" by Michael Klare. The short story is oil is getting 'skinnier' and soon to be shared by several parties instead of one. This will cause hardship. In case anyone is queasy about the subject, heads will be shot off just for fun....lots of them. Ask an Iraqi or an Iranian.......in a year.

And it gets uglier...........

On the bright side, oil gets scarcer and demand increases..........and then you die. But first WWIII and in case there's anyone standing nuclear fallout and a host of other inconveniences.

Am I kidding?

Well you decide....collect rubles or dollars or pesos or whatever. I'm collecting gold, am being quiet and getting out of Dodge.

Is there Another choice? Sorry to puke on your parade but that's the bottom line, yes?

Tell me an option?

Thanks.


Goldendome (1/5/05; 18:58:54MT - usagold.com msg#: 127949)
Potpori

Did you hear the one about the Sri Lankan fisherman who was washed out to sea three miles? Fortunately, he made it back to land safely. But his house was gone and so was his gold, swept away in the Tsunami. I wouldn't have thought that a probably subsistence fisherman would have gold; that shows my ignorance. The story went on to say that he has managed to find two pieces of gold in the ruins, and continues looking for more.

Don't lose sleep over that gold confiscation issue; a none issue IMO.
Just come up here where I live...you can drive across the border unmolested in many areas and sell it there if you like.
At the border they just ask: Why your going, how long you going to be there, bringing in any fruits and vegetables? Oh! I did have to take off my sunglasses so that they could see if possibly I was drugged up or drunk. ----- I worry about whether I have enough gold and silver, not who's coming to get it. Some of you folks are just gettin` wayyy too paranoid.

Not sure how, "Not One Damn Dime Day" relates to anything here, (in fact, it's hard to believe that Sir White Hills isn't all over it, for dissing his favorite political people). As a retailer I will tell you now, that this entire winter has nearly been, "Not One Damn Dime Day"...

Hey, Sir Boots, reading you loud and clear on the silver accumulation problem over there in France...big taxes and all, as I understand. I think I have a solution, just ask Sir Boiler Maker at this fine site, to sail his yacht over there. We understand that he has the keel, or whatever area you fill for ballast, just jammed packed full of silver!! Maybe, you can take it off his hands.

Tis a cold wind she's blowin tonight. My gold is cold.

R Powell (1/5/05; 18:27:31MT - usagold.com msg#: 127948)
Belgian // moderate..??
I can't speak for CoBra(too) in response to your words.....

"In other words, dear cobra...you are kindly advising me to seriously "moderate" my gold-passion (?) and leave the nice free gold theory, for what it is...and never will be."

......but I can answer for myself. Please don't moderate anything. As for myself, I have never thought that this forum's intent was or should be to persuade, coerce, cajole, intimate, MODERATE or otherwise stifle anyone's thoughts or beliefs. Through discussion one may change or moderate one's own views but this process should evolve over time as more information and facts become known. Some things we may never know. Indeed, what would be the purpose or thrill of life if everything were revealed? But one's own beliefs are perhaps the most sacred of possessions and no one, no group, determines what they are.

Years ago, I firmly believed that gold is money. I once said, "Simply put, gold is money." And, though I have disagreed often with Aristotle, it was he who most persuaded me to change this belief. I now see money as a means of business transaction and gold as a possession...widely regarded as wealth. But, my point here is that rich changed rich's mind on this issue. On some issues, I've watched discussions end with points well made on both sides but no clear consensus of opinion reached. This, I believe, is as it should be. Economics is similar to ethics in that there are often no clearly "right" or "wrong" answers as there are with simple mathematics.

Often, I think, that you are viewing gold as it might be, perhaps or perhaps not should be, but simply is not at this time. I try to understand in the here and now, with help, of course, from history and with special interest in what is to come. But neither the past nor the future alters the facts of the present time. Again, perhaps I tend to evaluate the situation from a more practical, down to earth point of view whereas you see the situation on a different plain or from a different perspective. I'm not sure.

I still don't understand how gold can be "freed" from being appraised with a monetary amount (no matter whose currency is used) and until I can comprehend this, I can not comprehend further. And now, you ask me the same question...namely, what becomes of gold if the dollar fails? I can only answer that gold will still be gold and gold will be exchanged in some (new?) monetary "credit" system OR society will regress back into the most basic of barter systems.

Alter your views if you like or if, during the process of trying to substantiate your theory, it becomes evident that it should (must) be altered but do so on your own terms, not because some do not agree with the theory.
And lastly, I'd like to congratulate both you and CoBra for your mastery of this language we use, which, I know, is not your native tongue. It is a sorry tribute to our educational system that so many who use English as their primary language, do so so poorly. I always benefit from most everything both of you post. Carry-on!
rich


Arcticfox (1/5/05; 18:25:10MT - usagold.com msg#: 127947)
Butler's latest..
snip..

The following table reflects their information. I was looking for how many years of each metal remained to be mined. I've divided current annual world production into known world reserves (reserves that are proven). I've also divided annual production into the much larger resource base, which is the amount of silver thought to still exist in the earth. I've rounded the numbers in some instances to keep it simple.


I chose the statistics from the USGS because they are comprehensive and free of any known bias. It certainly is not my intention to mislead anyone or distort the information. I believe the USGS statistics to be generally accurate. Any other sources I checked all confirmed the USGS data.

Commodity Production Reserves Resource Base Reserves Resource Base

(………Metric Tons………..) (… .Years Remaining…)

Aluminum 30 million unlimited unlimited 100+ 100+

Copper 14 million 470 million 940 million 33+ 67+

Lead 2.6 million 67 million 140 million 23 48

Nickel 1.4 million 62 million 140 million 44 100

Zinc 8.5 million 220 million 460 million 26 54

Silver 20,000 270,000 570,000 14 29

Gold 2600 43,000 89,000 17 34

PGM 350 70,000 80,000 200 200+

(Platinum+Paladium)

(A couple of notes on the data. The USGS considers the raw material needed for aluminum, bauxite, to be inexhaustible over the next century and beyond, and indicated it's only a matter of aluminum production capacity that could possibly curtail supply. I was a bit surprised with the reserves and resources in platinum and palladium, which are much larger than I thought, but the Johnson Matthey web site confirmed the data.)


One thing should jump out at you; that on an absolute and relative basis, there is less silver remaining underground than any other metal. In other words, at current production rates, we will run out of silver before we run out of any other metal. The USGS confirms and validates Friedman's Theory.


These statistics should shock you. I've looked at reserve and resource statistics for years, but for some reason never thought the numbers through.


YGM (1/5/05; 18:19:20MT - usagold.com msg#: 127946)
BEST POST OF 2005...How true although I'm LMAO :-)))
Buongiorno! (1/5/05; 16:00:30MT - usagold.com msg#: 127943)
confiscation


Confiscation agents
Leave on their grim rounds
But do not return

Buongiorno!


slingshot (1/5/05; 17:30:22MT - usagold.com msg#: 127945)
Holy Goldie, Batman. They're coming for my Gold!
Yepper that dreaded "C" word has come full circle. Although I spool up at the very mention of the word, it is good to see it at times on the forum for that means new blood to the Gold Bug Army. Yes the U.S. Treasury can not at this time tell us to turn in our wealth.
They need that stroke of the pen by Presidential Order,Patriot Act or some other cooked up legislation hidden somewhere in the Halls of Congress. Stop and think for a second. Have they not been confiscating you wealth all along in the form of taxes and monetary inflation. What tax bracket are you in if you are debt free? How about 28%? Then you have state and local tax. User Tax. How many of you pay tolls even when the bridge or road has been PAID IN FULL. They want to take away Parents rights, Gun Rights and the Right to own Gold. I have read that they will not take our Gold Just TAX the daylights out of it. The Government has forced us to take measures to protect ourselves. As more and More Joe Sixpack's enter the gold market to save himself, what do you think he will say as he is told to hand over his last way of preservation. Yeah just hand it in and become wards of the state. I have been independent all my life, soon to be an old cranky independent person. Hope I never become an old cranky independent person with nothing to lose.
Slingshot----------------<>

Buongiorno! (1/5/05; 16:00:30MT - usagold.com msg#: 127943)
confiscation


Confiscation agents
Leave on their grim rounds
But do not return

Buongiorno!

TownCrier (1/5/05; 15:29:28MT - usagold.com msg#: 127942)
"euro absorbs dollar swings"
http://www.borsaitalia.it/fwa-cgi-bin/news.pl?id=1104951410nL0588225&tit=UPDATE%201-SNB
ST GALLEN, Switzerland, Jan 5 (Reuters) - The introduction of the single European currency has stabilised the Swiss franc and helps to protect it from swings in the U.S. dollar, Swiss National Bank Chairman Jean-Pierre Roth said on Wednesday.

"The euro has a stabilising effect for the Swiss franc," Roth said in a lecture at the University of St Gallen. "The euro absorbs dollar swings. The Swiss franc and euro (rate) is not in danger."

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

As the euro "absorbs dollar swings" we can follow the condition of Eurosystem reserves. On the year, each dollar unit of reserves depreciated by 7.85 percent, and coupled with portfolio transactions the net position in foreign currency was cut from EUR 175.6 billion at this time last year to EUR 154.3 billion as of December 31st -- a reduction of EUR 21.3 billion.

While gold rose in dollar terms, euro appreciation reduced the nominal book value per unit of gold reserves by 2.66 percent. Coupled with Washington Agreement transactions, total gold reserves were one year ago valued at EUR 130.344 billion, but ended the year tipping the scales a net EUR 4.6 billion lower on December 31st at EUR 125.73 billion.

R.

Belgian (1/5/05; 15:11:35MT - usagold.com msg#: 127941)
@cb2
In other words, dear cobra...you are kindly advising me to seriously "moderate" my gold-passion (?) and leave the nice free gold theory, for what it is...and never will be.
Sure, that's a "wise" advise...and I will certainly re-consider it, thoroughly...again.

I mean it cobra and will start with it, right away.
Danke.

Boots (1/5/05; 14:49:31MT - usagold.com msg#: 127940)
Where can i buy
silver bullion "engelheard" 1 OZ or some thing like that.
And little bullion 1 Gr of pur gold 999 ?

Less expensive possible.

Thank you for your answer.

From france.





USAGOLD Daily Market Report (1/5/05; 14:19:02MT - usagold.com msg#: 127939)
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.

Wednesday market excerpts

U.S. gold futures retreated on Wednesday, closing lower under pressure from newfound strength in the dollar this week, which dented the metal's demand from overseas traders, dealers said.

COMEX February gold closed down $1.90 at $427.30 after trading from $429.30 to $425.90 and staying atop Tuesday's low at $424.80.

Gold was on the defensive due to the firm dollar, with speculation the U.S. Federal Reserve will raise interest rates above those in the Eurozone and uncertainty ahead of Friday's U.S. jobs report for December, trading sources said.

The dollar rallied before easing in the afternoon, after the minutes of the U.S. Federal Reserve's latest meeting suggested it might step up the pace of interest rate rises.

Gold usually has an inverse relationship to the dollar as investors use itas an alternative to the U.S. currency. However, some brokers were surprised to see charts were currently showing gold leading the euro with losses, which runs counter to the usual pattern of gold mirroring the euro.

"Short-term direction continues to come largely from the dollar but good support has been seen ahead of the 100-day moving average at $424.05, so far," said James Moore at TheBullionDesk.com.

Longer-term, Moore said the outlook on gold was bullish with the scale of the U.S. deficits, geopolitical tensions and lots of recent investment in the market supporting the argument for holding the metal.

"Gold confirmed its reputation as a leading indicator of broader commodity weakness [Tuesday]," John Reade, an analyst at UBS, wrote in a note to clients. "This pause indicates that much of the hot money has now exited long gold trades and ... the metal is poised to rally once the U.S. dollar stabilizes," he said.

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

HEADLINES

Consumers Begin to Feel Inflation's Pinch -- iWon

Americans expect stable dollar -- Advisor.ca

NY gold closes below $428/oz, eyes on firm dollar -- Reuters.co.uk - Stocks & Shares

Inflation concerns send stocks on sharp decline -- New Haven Register, Connecticut - Business

HK world's freest economy -- The Himalayan Times

Europe 'will have to act on dollar' -- Telegraph.co.uk - Markets

SNB's Roth says euro helps stabilise Swiss franc -- Borsa Italiana - News

Liberty Head (1/5/05; 13:52:14MT - usagold.com msg#: 127938)
Gov't Confiscation

Whether or not the government confiscates gold, the fact of the matter is that every single cent the gov't has ever spent was confiscated from somebody under threat of force.

Why would anyone beleive the gov't would meet anymore resistence to confiscating gold then it encountered by confiscating our Constitutional protections, Bill Of Rights or value of the dollar?

The amount of wealth confiscated by our gov't has no limit and increases each passing day.

Yet many citizens still use a dysfunctional, unipolar logic and cognitive dissonance to justify the actions of our gov't.
Folks who dare to speak out are routinely maligned and belittled.

While it is better to hold gold than fiat, we are still left with a nation in decline. Even if our nation's decline is terminal, there is always hope and gold.

Best Wishes




Topaz (1/5/05; 12:50:33MT - usagold.com msg#: 127937)
Open Interest.
http://www.crbtrader.com/data/default.asp?page=quote&sym=GCG5&mode=d
This recent PoG downdraft has had little or no nett effect on the OI @ Comex which leads me to believe a sharp rebound in Gold may be in the offing.
Another aspect of this current $/Gold disconnect and worth keeping an eye on is "delivery".
It's my understanding they can trade with impunity during Jan as FND for the active Month is not 'till 2-1-05.

CavanMan ...I'll second that!

TownCrier (1/5/05; 11:54:22MT - usagold.com msg#: 127936)
Don't miss MK's 'Gold Forecast 2005'
http://www.usagold.com/business/cpm/amk/clientlettermk1305DD.html
Michael Kosares, author of the hot-selling book, "The ABCs of Gold Investing - How to Protect and Build Your Wealth with Gold", has made immediately available to all USAGOLD visitors his important first Client Letter of the new year in which he puts forth his forecast for gold in 2005. See URL above.

To enjoy access to MK's weekly Client Letters, request a free info packet from USAGOLD-Centennial and you will be provided with several additional Letters for an interim period. Of course, all clients of USAGOLD-Centennial Precious Metals will receive all updates on a continuing basis as one of the several added benefits of doing business with this firm.

Choose gold, and choose the company you can rely on -- not just through the moment of order fulfillment, but for ongoing insight and support through the life of your investment. Choose USAGOLD.

R.

USAGOLD / Centennial Precious Metals, Inc. (1/5/05; 11:44:54MT - usagold.com msg#: 127935)
To properly diversify requires an understanding of WHAT you buy...
http://www.usagold.com/cpm/aboutcpm.html

Q. I've noticed that USAGOLD / Centennial stresses education more than most of your competitors. Why is that?

MK. For years, we have emphasized "We educate first-time investors" in our advertising. We believe education to be the key to successful gold ownership. To make a long story short, we tend to keep our clientele as they become better educated, while many of our competitors tend to lose their clientele once they become educated. It shows in the type of services we consider important to complement our sales and delivery programs.

Randy interjects... Mike is way too nice to say this bluntly so I will. What I've noticed about the apparent rationale behind some of those other firms' operating philosophy is that, if they bend the client over far enough for their wallet the first time they ever do business together, they really don't have to care about getting repeat business. They find new uneducated targets ripe for picking arriving at their doorstep every day. It doesn't have to be that way, but some investors simply don't take the time to shop around for a quality firm that will treat them professionally and with respect. They should.

Q. What are some of the criteria a prospective investor should look for in a gold firm?

MK. Credibility, longevity, pricing, service and compatibility -- all come into the mix. Of those I rate credibility and its sister virtues -- reliability and reputability -- the most important. Too many of the national firms have brokers who were selling condos at the beach or automobiles a month ago and now suddenly they've become "gold experts" selling leverage schemes, $50,000 rare coins, reproduction medallions at 25 times their gold content, or overpriced silver investments. Most sophisticated gold investors would probably like to avoid that sort of thing.

Cavan Man (1/5/05; 11:24:47MT - usagold.com msg#: 127934)
Hello CB (too)
Like the Guinness commercials: BRILLIANT!

CoBra(too) (1/5/05; 10:28:14MT - usagold.com msg#: 127933)
@ Belgian
Sir,
You've been "accusing", in lack of a better description, Rich and myself to run in essence with the paper crowd. As an easy answer, too easy by far, I'd be compelled to answer - if you can't beat 'em, join 'em!

Well, that's as far away from truth that anything you're instigating here... and none of us are screaming show me the money.

I guess, we both have a fundamental understanding of the issue of gold - otherwise, as you've stated why should we be here and participate in the discussion. We rather ask now - show me the gold - to the political and major financial party's involved in its suppression.

I believe, that it is your understanding that free gold should be freed from any official intervention; A mantra, which never will become totally true and never has in history. To repeat my mantra - Gold is an eminently political metal - and the pure US Constitution as introduced by Jefferson and Adams has clearly spelled this out. The closest the globe has ever come to free gold and with it individual freedom and liberty.

Today, we see big government, exorbitant taxation and paper confetti printed from hot air based on debt only. History is clearly witness to the final fate of the exuberance of pyramiding paper - or is it now electronic - debt upon debt. The short term financial asset gains are only another form of stealth inflation. Bubbles, which will be pricked. It is only real savings, which lubricate the long term economic well being of nations.

Of course, you may argue that long term wealth is only proven to endure by putting it all into gold - the only wealth preservation mankind has at its "disposal" (wrong expression again; though please understand this lingo is my second too).

...And as to your next question: Will the goldmarket remain the same ...?

Yes and No, IMHO!

Yes, it will always remain a political metal.

No, it will not as easily be managed, manipulated and maybe even distorted by paper derivative price finding mechanism's as was and still may be the case at the LBMA, COMEX and other substitutes of reality.

Finally, I feel I don't have to go back to all the reasons why we're where we are, as it was posted and hammered in for years here and at a few other sites of merit.

... Maybe, just one more thought. We're looking at a metal, which has certain qualities to make it what it is. It was subdued for too long by political forces. We are now having had more than 20 years of supply deficits, filled by paper gold, derivatives and other paper promises that new production is now way under par to the long term trends. This is even more accentuatae by huge forward sales - shorts in reality - by some of the major producers, which now themselves face drastic production deficits.

I do not feel the gold market can be held in check for much longer - at least not before reaching a new equilibrium - an equilibrium the world may be content to live by - for a while at least.

Lastly, Gold has always been a phenominal portfolio insurance and protection - while not so in times of asset bubbles - so I still would recommend some diversification and go from there.

Well, that seems a little cryptic and as it was in response to another EUrolander, Belgian, I'd query what the POG in terms of €'s has done to confirm his enthusias'm. Realizing the mute question I'll assert again that all my paper gains have gone into bullion over the last several years and will for a long time.

Even I may realize, along with Mexico, Russia, China and the Islamic Gold Dinar that the systemic risk of paper currencies is growing exponentially.

cb2

PS: Pledge some gold to Tsunami relief ...











TownCrier (1/5/05; 08:59:16MT - usagold.com msg#: 127932)
Gold confiscation?
http://www.usagold.com/Order_Form.html
If you're concerned about the precedent and potential for gold confiscation in the United States, here's a thought: arm yourself with information!

Call USAGOLD-Centennial Precious Metals. Talk with MK, George, or Jonathan and request the 50-page memo specifically compiled on that issue by Michael Kosares and George Cooper.

Rather than individually casting about with partial evidence and conjecture, or simply watching others do likewise, doesn't it make sense to tap into professional resources who've been in and studied this business of gold for more than 30 years?

Call Mike or George today, and thus get confiscation under your own grip. Arm yourself with information!

Dial toll free 1-800-869-5115 Extention 100. Ask for MK or George, and ask for their info on confiscation. Then you can confidently carry onward knowing you've made great strides to cover your bases by squaring away the facts. Subsequently you won't be apt to be misled by competing firms we are aware of who often notoriously manipulate the issues to prey upon unwary customers to sell them mint proof sets or exotic collectibles and to "justify" their exorbitant price mark-ups for the very same popular historic gold coinage that USAGOLD-Centennial sells for much much less -- USAGOLD often offers them at prices nearly equivalent with bullion coins! Do yourself a favor and get in touch with USAGOLD-Centennial today.

R.

OvS (1/5/05; 08:55:38MT - usagold.com msg#: 127931)
Golden Standard
While contemplating Hampton Court
Palace's "The Field of the Cloth
of Gold", I took time to tune into
USAgold.
Paranoia galore. Always happens when
the price of gold is adjusted.
Mathematicians take heart: You can
hold on to some gold after the very
unlikely confiscation: Win the
Fields Medal for Mathematics, the
equivalent of the Nobelprice: it's
made of pure gold...
Just in case so, if that unlikely
C. should occur, there is one way to
safeguard your precious without be-
coming an outlaw; but that takes more
of my thinking time and a discussion with Michael K. Cheerfully yours,OvS.

USAGOLD / Centennial Precious Metals, Inc. (1/5/05; 08:07:58MT - usagold.com msg#: 127930)
Make a risk-free request to help you enter the gold market with grace and confidence.
http://www.usagold.com/Order_Form.html





Arcticfox (1/5/05; 04:51:46MT - usagold.com msg#: 127929)
From the King Report
Greenspan and Bush bet that by funneling billions of dollars into corporations via quick fix remedies the economy would rebound when corporations spent their orchestrated riches on capex and new jobs. That wish upon crony capitalism is an abject failure. Also, Easy Al thought that he could engineer another covert bailout like his carry trade for the Money Center Banks in 1991-1992. This funneled prudent peoples’ saving into banks and hedgies that leveraged up. Once again the average guy was sacrificed.

The WSJ's survey of 56 economists has a consensus GDP of about +3.6% for 2005. When have you ever seen or heard main stream economists, especially on The Street, forecast a recession?



Gold Standard (1/5/05; 03:12:16MT - usagold.com msg#: 127928)
Confiscation - yet again.

I have always maintained that confiscation is not necessary - all that a Government has to do is make the sale or trading of gold or precious metals illegal, except for any sale to the "Gold Marketing Board" (or whatever it may be called).

Confiscation is (and will be clearly seen as) a despotic, fascist, and ultimately futile effort which will reflect very badly upon the Government that proposes same.

An elegant solution for the Government is to legislate (a simple stroke of the pen!) to make the selling or buying of gold illegal, unless done through a Government entity.

Somewhat like the drug trade, with similar criminal penalties.

Lots of goldbugs will say "Allright! Stuff sells on the black market for much more than market price!"

OK, let's look at Mum & Dad Investors, who have sensibly hoarded gold and other bullion. Are they going to contact their local crack dealer to establish (a) the best way of selling; (b) whether anyone is going to buy it; (c) what the "middle-man cost is going to be; and (d) what's to stop your local friendly crack dealer setting you up for a robbery immediately after the transaction.

What if "cash money" disappears by Government fiat?

I can confidently predict that there will NEVER be confiscation on the scale seen in 1933. However, there are many simpler means of achieving the same ends.

I'm willing to risk the black market, but I don't think too many people would, if the penalties were akin to those for the "black market" in illicit drugs.

Cheers, GS.



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