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...
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.
ARCHIVED DISCUSSION FROM 5/9/2002 All times are U.S. Mountain Time (Yesterday's Discussion.) YGM (05/09/02; 23:05:40MT - usagold.com msg#: 75316) JCTex (05/09/02; 21:48:10MT - usagold.com msg#: 75308) I Still Have my Tin Hat..... Curious @ GE Forum gave me one years ago....I wear it when I go to various sites looking for Gold among Pyrites...(grin) It keeps the Alien Bankers from reading my mind and deflects brain pulse weapons quite well....Tinfoil works also, but hammered Gold is best.....YGM :>) Pizz (05/09/02; 23:02:46MT - usagold.com msg#: 75315) Mr. Gresham Re: The Fekete link.I've read this before, it's extremely long, confusing, and has the tendencies to mix a lot of apples and oranges together. It has some merit, but I really question the practicality of the message. I'll try to give it some thought this weekend and summarize, but keep in mind, it may be an accountant(s) that finally bring our current financial world to it's end, but it will only be by showing that the emporer really has no clothes. (Typing and spelling are really a _____ when your mad and a few scotches into the wind) Cash is what kills commerce, and the only reason Enron failed was their ability to keep borrowing was severly curtailed.I'm probably rambling, so I better read some light stuff and get off the keyboard.Pizz Waverider (05/09/02; 22:51:53MT - usagold.com msg#: 75314) Japan's rating wars: Whose default is it? http://www.atimes.com/japan-econ/DE09Dh01.html Snippit:"It's time to give Japan a break on falling sovereign ratings - like maybe another decade, to be fair - and give the lousy economy opportunity to right itself. And to really square things, just roll the ratings back up to AAA, where the world's second largest (and least likely to default) economy belongs; not surfing rat-bottom in the pile of Group of Seven industrial countries.That is just about the gist of the message the Japanese government sent in what appear to be unprecedented letters to the top three international rating agencies - Standard & Poor's, Moody's Investors Service and Fitch Ratings - just before Japan's Golden Week holidays began in late April."Waverider: A good article on the consequences of another downgrade of Japanese government bonds. Moody's is expected to downgrade to single-A as early as next week, putting Japan on the same level as Hungary, Malaysia and Botswana. Horatio (05/09/02; 22:47:17MT - usagold.com msg#: 75313) Barrick & Anglo I posted here about a year ago that hedgeing was a plot by S.A.mines to get assets out of S.Africa.The idea was to borrow gold from central banks ,give them a mortgage on the mines assets.Then sell the borrowed gold and transfer the cash out of the country to avoid confiscation from the Marxist S.African politicans.The confiscators would get the mines alright,but 10 years of future production would belong to the bank!A brilliant ploy!!My theory was when they got all they could get ,hedging would be over!! Here's the final part of the plot....Barrick merges with Anglo,Anglo transfers real assets to Canada...Barrick transfers hedges to S.Africa and spins off that division back to S.Africa for the final coup ...The time is near.... Mr Gresham (05/09/02; 22:36:06MT - usagold.com msg#: 75312) Pizz!!! http://www.safehaven.com/Editorials/Fekete050702.htm YOU'RE the guy! So much of what you arrive at comes from common-sense (and personal experience in) accounting -- look at the Antal Fekete link and see if he's on track with the "Law of Assets" and "Law of Liabilities", if there IS a silent plundering of productive assets by balance sheet transfers as interest rates fall (artificially via Fed monetizing, and gold prohibition or inhibition)... Pizz (05/09/02; 22:22:54MT - usagold.com msg#: 75311) Correction to last post Insert "not" before "happening" in the last paragraph.Pizz Pizz (05/09/02; 22:18:19MT - usagold.com msg#: 75310) Confirmation of the coming Storm Or when the short term hype over the last 9 month causes more pain and suffering than prudence, truth, and intelligent management could have done a meer year ago.A story:A short 9 months ago(prior to 911) a new and somewhat controversial CFO sat in board meeting and advised the stockholders that in his opinion, the 20 year expansion that their industry had been priviledged to participate within, was coming to an end.The advice given was to consolidate, shore up cash resources, cut marketing expenses, and forego the expansion plans currently on the agenda. The major stockholders were all successful marketing types, more worried about their tax bite resulting from an excessive amount of short term debt accumulated over the past 20 years that was returning a compounded 5% annual return. The businesses had been financed with short term debt rather than capital, and all profits had been rolled into more entities, and more short term debt, and more profits up to that time.Needless to say, the standard media/economic hype we (still)listen to everyday was thrown back at this CFO, and being new, his career at that time was challenged to say the least, and his advice was treated as as something less than the little boy who cried "wolf".As September rolled around, business was flat to declining, but with The FED having lowered interest rates aggressivly all year, the turnaround was just around the corner (right!). The stockholders knew cash flow had deterioriated, but not to worry, the FED induced recovery was just around the corner. Besides, even though sales were down, interest on the short term debt was so low, that inventories were being increased in anticipation of the boom to come.Then 911. No problem the stockholders said, the FED is taking care of us, and it's short term. Besides, so what if we go to war, war time economies are bullish - where private industry slows, the government will pick up the pace. What? Stop the expansion and take a loss as the CFO recommends? If we do that, we won't be able to meet our current expectations for 2003. What, we have a cash flow problem? Don't worry, it's there if we need it. What? You say we need capital rather than more short term debt? We haven't for the last 20 years, you'll just have to get along with what you have and we can always borrow more.Well, now it's a short 6 months later, and the stockholders are now looking at their cash position, their exponetially increasing losses, a refinancing program that took 3 months to put together, and the cash generated from the refinance which will be burned within the next four months.Their current cure? Cut administrative expense 30% which will have about the same net effect as losing 99 dollars instead of $100. But the good news? The CFO will not be able to function, and the financial reporting will deteriorate to the point that they will be able to plug their own numbers into the financial statements in a vain attempt to keep their financing lines intact (with a little Enron type accounting)._______________________________________Think the above is fiction and it's happening world wide? Think again. I'm as bout as close to this CFO as you can possibly get, all I have to do is look in the mirror.Pizz Black Blade (05/09/02; 22:15:27MT - usagold.com msg#: 75309) May Department Stores to Lay Off 1,200 Kaufmann's Employees http://biz.yahoo.com/djus/020509/200205091230000642_1.html PITTSBURGH -- May Department Stores Co . (MAY) will lay off 1,200 employees at its Kaufmann's stores as part of the recent consolidation of Kaufmann's and Filene's stores.Black Blade: The ones who are left will be more "productive". I guess next month's productivity data will improve. 1,200 off to the growing "Bone Pile". JCTex (05/09/02; 21:48:10MT - usagold.com msg#: 75308) YGM (05/09/02; 18:02:31MT - usagold.com msg#: 75294) I won't tell anybody what else is on that site, if you won't. Michael might jerk our privileges, here, if he finds out.At best, he might make us wear tinfoil helmets when we post here.If the tax-paying public ever gets off its dead bu## and figures this Federal Reserve thing out, they will revolt. I hope I live long enough to see it. It's deserved. YGM (05/09/02; 21:18:44MT - usagold.com msg#: 75307) EagleOne... Speaking for myself only... I have the greatest respect for the men & women of the US armed forces....I learned from my father the reality of what the USA stood for and what a world we'd have had if not for the tenacity, courage and lives lost by them. I think one must not confuse criticism of US monetary policy with our love of the greatest free nation the world has ever seen....I'll stand up for an honest American anyday, anywhere!...Regards & Good to see you here...You remind me of an old friend at Gold Eagle...(goArmy)....YGM. YGM (05/09/02; 21:06:47MT - usagold.com msg#: 75306) Mr. Gresham... Yes I agree wholeheartedly, it does seem much more relative with what we now see going on ie: Japan etc. I had to re-read myself as it's been a couple years since last read.Yes Vanity and narrow mindedness make their mission much too easy. It does sound like a couple fellows we know :>) It sure reinforced my belief and perception of other info I've rec'd.....It is still not easy to believe or comprehend even after all these years of reinforcement at many levels.....As FOA likes to say..."Interesting Times We Live In, Yes"....We trudge on & "PERSEVERE" together! EagleOne (05/09/02; 21:02:31MT - usagold.com msg#: 75305) Fifty seven years ago http://www.lodz.pdi.net/pigulki/issue19/p19sikorski.html Do any of our world-wide posters remember the anniversary of V-E day? I propose that few here, if any, would be collecting gold if Nazi Germany had won the war and if the United States had not rebuilt Europe through the Marshall Plan. US bashers sometime need to be reminded to be thankful for their very existance. End of rant. I will not comment further or reply to dissenters. Nomad (05/09/02; 20:09:16MT - usagold.com msg#: 75304) Tax Collections Down and Down and Down ... http://www.nytimes.com/2002/05/09/business/09CND-TAX.html ASHINGTON, May 9 — The Congressional Budget Office said today that tax receipts through April were $75 billion below its projections, insuring that the federal budget deficit this year will be far bigger than anticipated.Confirming preliminary figures made public by government officials several weeks ago, the budget office said receipts were $60 billion lower than projected just in April, the month in which revenues typically surge as individuals file their income tax returns.The shortfall reflected the downturn in the economy last year, especially after the Sept. 11 terrorist attacks. Economists said the problem appeared to stem in particular from the lackluster stock market, which generated little in the way of capital gains and depressed compensation among people who are paid partly with stock options.Before the shortfall became apparent, the budget office had been projecting a deficit of $46 billion for the fiscal year that ends Sept. 30. A $75 billion shortfall would bring the deficit to $121 billion. The total federal budget this year is about $2.1 trillion.But the deficit is likely to be even bigger, perhaps by as much as $150 billion, by the time the government closes its books on the year, economists said. Black Blade (05/09/02; 20:09:15MT - usagold.com msg#: 75303) Bush's master oil plan http://japantoday.com/e/?content=comment&id=180 Snippit:With so many new international crises erupting every day, it is hard to detect any clear forward direction to American U.S. foreign policy. At times, it appears that providing a response to the latest upheaval is about all that Washington can accomplish. But beneath the surface of day-to-day crisis management, one can see signs of an overarching plan for U.S. policy: a strategy of global oil acquisition.In recent weeks, the Bush administration has taken bold steps to implement this strategy in several far-flung regions of the world. In the Caspian Sea basin — said to harbor the second biggest reservoir of untapped petroleum after the Persian Gulf — the United States is building new military bases and providing training to local defense forces. In Colombia, U.S.-equipped government forces will soon be guarding the Occidental Petroleum Company's Cano Limon oil pipeline. And in Venezuela — America's third largest supplier of oil — U.S. embassy personnel reportedly met with leaders of an abortive coup against President Hugo Chavez.But it is also true that the areas that are garnering the greatest degree of attention from Washington — the Middle East, the Caspian Sea basin, and the Andean region — are also areas that figure prominently in the administration's long-term energy strategy. The aim of this strategy is simple: to procure as much of the world's oil for ravenous U.S. markets as possible. With domestic U.S. production facing progressive decline and national consumption rising with every passing day, the United States must obtain more and more of its oil from abroad. Black Blade: The major point is that the US is running out of "cheap energy" that is easy to get and abundant in supply. The need for energy to fuel the US economy is critical and as described in the article we will use military force at all costs to get it. Without an adequate supply of energy, the US is just another Third World country. goldquest (05/09/02; 19:54:14MT - usagold.com msg#: 75302) Frantic Friday Approching Gaza Strip errupts, Dow and Naz loses all of their gains made Wed.Gold crawls out of the foxhole and continues to march. Gold closes at $316.00 + - .50 Mr Gresham (05/09/02; 19:45:38MT - usagold.com msg#: 75301) YGM == The Sting http://www.gold-eagle.com/editorials_98/birch030498.html I remember that one from back when we were first getting started -- makes more sense now to me -- sounds like someone else we know, who may even know some of the same people. Far-fetched as a plan to be kept secret, but maybe the vanity of some people just makes it "unthinkable" and easy to "hide" even if the action is right there under their noses.Others know they can switch sides ("Ah, yes; our chalet at Gstaad!") when they need to; others may believe they were giving Americans a better life for awhile -- who can argue with "Good Times"? "It's Morning in America." Black Blade (05/09/02; 19:43:36MT - usagold.com msg#: 75300) IBM workers fear the axe http://money.cnn.com/2002/05/09/technology/ibm/index.htm Employees union says layoffs expected to amount to as much as 10% of U.S. work force.Snippit: NEW YORK (CNN/Money) - Workers at International Business Machines Corp. are bracing for layoffs that could affect as much as 10 percent of the company's U.S. work force, according to a representative of an IBM employees union. "People are getting very nervous inside IBM," said Lee Conrad, national coordinator for the Alliance@IBM, an affiliate of the Communications Workers of America representing about 4,000 IBM employees. "There's a real sense of foreboding," Conrad said. Conrad said some IBM divisions, including its server and microelectronics divisions, already have begun quietly telling some employees to expect layoffs starting as early as next week. "We expect announcements to start coming next week and continuing for the next three weeks after that," Conrad said. "We're hearing anything up to about 10 percent across the board." Roughly 160,000 of IBM's global work force is based in the U.S. Black Blade: We are looking at perhaps 16,000 marched off to the growing "Bone Pile". I brought this possibility up about IBM a few days ago. It finally has come. The earnings picture for IBM is – shall I say it? – "GRIM" YGM (05/09/02; 19:42:29MT - usagold.com msg#: 75299) Devvy Kidd Article Index http://www.devvy.com/money0.html Hope somebody reads this stuff. Some here have for years but it should always be shown anew, for those who have not...YGM. Black Blade (05/09/02; 19:32:13MT - usagold.com msg#: 75298) Continuing claims at 19-year high - "Bone Pile" Files http://cbs.marketwatch.com/news/story.asp?dist=dhtml&siteid=mktw&guid=%7B5ECF438D%2D93F7%2D4899%2D85F6%2D81B09E610331%7D Import prices jump as dollar weakens, oil surges Snippit: WASHINGTON (CBS.MW) - The number of American workers receiving state unemployment benefits rose by 61,000 to a 19-year high of 3.8 million in recent weeks, the Labor Department said Thursday.Black Blade: A song for the BLS – "No Where To Run, No Where To Hide". YGM (05/09/02; 19:30:04MT - usagold.com msg#: 75297) Canuck....All...One Last Link & I'll Butt Out.... http://www.devvy.com/churchill_19991229.html This is a keeper......"The Greatest Story Never Told"Winston Churchill and the Crash of 1929.....The more this stuff gets around the more folks will own Gold and Silver....The Banker Cabal hates transparency and the Web puts the light of day on anyones screen that takes the time to learn the truth....YGM Black Blade (05/09/02; 19:25:11MT - usagold.com msg#: 75296) U.S. Economy: Number of Workers on Unemployment Rolls Swell http://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%20News&s1=blk&tp=ad_topright_topfin&T=markets_bfgcgi_content99.ht&s2=ad_right1_topfin&bt=ad_position1_topfin&middle=ad_frame2_topfin&s=APNqW7xVAVS5TLiBF Snippit:Washington, May 9 (Bloomberg) -- U.S. worker claims for jobless benefits fell less than expected last week and the number of Americans collecting aid rose to a 19-year high, suggesting the labor market isn't improving as the economy recovers from recession. The unemployment rate, which rose to 6 percent in April, a 7 1/2-year high, may climb as high as 6.5 percent in coming months as companies are slow to hire, Rupkey said. A labor market that shows few signs of improving helps explain why Federal Reserve policy makers this week left the overnight bank lending rate at a 40-year low of 1.75 percent, where it's been since December. Fed Chairman Alan Greenspan said job growth is critical to the recovery because consumer spending accounts for two-thirds of the economy. ``Perhaps most central to the outlook for consumer spending will be developments in the labor market,'' he told Congress last month. Black Blade: Aside from there being no economic recovery, the "Bone Pile" is at recession levels. 19 years ago (1983) the US was mired in a very deep recession. Then too, Pres. Reagan extended unemployment benefits. The point that should be foremost in every ones minds is that today the data is massaged with various filters (such as "seasonality") that are a government scam designed to hide the God awful truth. The US propaganda arm – the Bureau of Labor Statistics engages in this same activity in calculating the CPI and PPI, among other government statistics. The BLS could put Arthur Andersen to shame. Just wait until the recently announced layoffs begin to occur. Black Blade (05/09/02; 19:04:50MT - usagold.com msg#: 75295) CISCO'S EARNINGS REPORT VIEWED AS A SHELL GAME By JOHN CRUDELE http://www.nypost.com/business/47539.htm Snippit:May 9, 2002 -- SYNTHETIC leases come and they go, but they apparently don't leave a trace. In the world of pro forma earnings - which I believe is Latin for "companies can report whatever they want" - nothing can come between what a company says and what Wall Street wants to hear. Black Blade: I brought up Cisco's "synthetic lease" issue before and I had thought about again when Cisco brought up their earnings "Home Run", but then I decided why should I be the "turd in the punch bowl". I also thought about the non-expensing of options. Whatever. They are not alone. Microsoft, Novell, and Oracle also has engaged in this shell game. But hey, who cares about "off-the-books" accounting anyway – just ask Enron. YGM (05/09/02; 18:02:31MT - usagold.com msg#: 75294) "NEW"....Who Controls The Federal Reserve?...Part 1. http://www.rense.com/general24/whocontrolsFED.htm EXCERPT:Now that we know the Federal Reserve is a privately owned, for-profit corporation, a natural question would be: who OWNS this company? Peter Kershaw provides the answer in "Economic Solutions" where he lists the ten primary shareholders in the Federal Reserve banking system. 1) The Rothschild Family - London 2) The Rothschild Family - Berlin 3) The Lazard Brothers - Paris 4) Israel Seiff - Italy 5) Kuhn-Loeb Company - Germany 6) The Warburgs - Amsterdam 7) The Warburgs - Hamburg 8) Lehman Brothers - New York 9) Goldman & Sachs - New York 10) The Rockefeller Family - New York Now I don't know about you, but something is terribly wrong with this situation. Namely, don't we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That's 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, "Rule By Secrecy." He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions: 1) Chase-Manhattan (controlled by the Rockefellers) - 6,389,445 shares - 32.3% 2) Citbank - 4,051,851 shares - 20.5% Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. YGM (5/9/02; 17:38:46MT - usagold.com msg#: 75293) Canuck....The Sting. http://www.gold-eagle.com/editorials_98/birch030498.html BTW...this letter has probably caused more controversy than most any article I've read.....Not withstanding Reg Howes and GATA papers......YGM. YGM (5/9/02; 17:28:18MT - usagold.com msg#: 75292) Canuck.... Hi...Hey no apol'gs needed for anyone I can see! Sidelined money? Well others here (everyone) besides me could answer that better than I, but I feel in my gut that it's jumping in and out of anything that has a chance of even small moves. If the volume is big then they can shift out quickly. Hence the distortion we see when the SM's go up one day and down the next! Like a rabbit running from a fox and every hole he jumps down is crowded. I think smart money is also always patient money and has been moving to PMs for awhile and they've got the same befefits as those who tagged on the coat-tails of Gold Manipulation scam. That is they know the Cabal will dump all over the longs and shake out the weak hands repeatedly. Every time Gold & PM stocks move up they get the velvet hammmer and somebody gets cheap entry again...Just a vicious cycle! As for the N 49 over the fence conversation with the Banker exec nieghbour...Well that was heresay but from a rather good source and seemed very relevant and real at the time....WhenNorth 49 asked him again days later to elaborate on the comment "Oh No is it happening already" he declined. This comment was made because Gold was having a run & GATA was just getting in full swing, and the Banker seemed to sense a calamity was going to happen and he'd known it would someday come.... Rather like the conversations I've had with the son in law of a long past CEO of R Bank Canada. He said his father in law has coached him for years to invest in PM's for the long haul and keep very little in Banks and paper....He told him that GATA was dead correct in their assumptions with respect to Gold Manipulation and the Bankers knew at some point the cat would be out of the bag.I suggest you read "The Sting" (Mr Johnson's Letter to his son) if you can find it in the Gold-Eagle archives........PS: I think my R B guy is in the know as he deals in 100's of tons of Gold....All I got was advice :>)) Mr Gresham (5/9/02; 17:24:29MT - usagold.com msg#: 75291) Antal Fekete: Revisionist View of the Great Depression http://www.safehaven.com/Editorials/Fekete050702.htm A must read. Could start up discussion of fundamental fundamentals, "like in the old days" around here. This guy is on to something -- I wonder if there's a critical response to his thoughts, which I have not read elsewhere. The implications for the present are, of course, for a Greater Depression as a reflection of a greater destruction of capital.I'm halfway through; all I can think of off the top of my head is, if you have an annihilation of productive capital, you are left only with a certain collection of tangible assets, an uncertain ownership and debt structure, and a question about how to regain productivity.An "activist" government is likely to repeat Roosevelt's errors, and keep things muffled. End up with a "mafia economy" like Russia's in the 90's. Sure would like to hear what is developing out of that. Mr Gresham (5/9/02; 17:10:12MT - usagold.com msg#: 75290) LeSin http://www.gold-eagle.com/gold_digest_02/vaughn051002.html The Vaughn piece was great this morning -- good catch! All about the contending PTBs and how Barrick is set up to take the fall, while Anglogold goes on to carry the flag for the winning factions -- this is how these things grind out in other industries (and economic wars), so it rings true for the gold industry too. While our fortunes ride as the froth on the waves thrown out by these big tankers steaming by... Canuck (5/9/02; 16:55:00MT - usagold.com msg#: 75289) @ YGM Dear Sir,I also wish to apologize to you (and anyone else reading my distorted rant yesterday).I almost went beserk this morning and swung a load into tech stocks. I shook my head, walked from the PC and went to work. The power of sidelined money ('cash') at this moment in time is scarey. We saw a hint of the mountain of cash yesterday. Where (and when) will this money be deployed? I don't remember North of 49's neighbour, please remind me. Can you elaborate on the R.B CEO? Canuck Belgian (5/9/02; 16:26:56MT - usagold.com msg#: 75288) The Gold-Conglomerate and the TG's Architects..... Got inspired by the Arctifox posting (Thanks Sir) on James E. Sinclair (Mister Gold) and Chris Thompson's (WGC) statements as outgoing CEO of Gold Fields :The Gold conglomerate is suspecting the existance of Architects (builders) that will use/incorporate Gold as a building material, with new applications, into the coming *new* currency construction ! Chris Thompson wants to make it possible for *INVESTORS* to buy and hold (!!!) Physical Gold. You don't decide such a policy lightly without some assurance (probability) that it will be (remain) succesfull well into ther future. It is some evidence for a growing concensus on Gold's future, without to much rear-mirror looking. Miners with their paper-shares of risky underground gold want to create another kind of paper, representing more safe (?) aboveground refined Gold.A first step to connect "Funds" (pools) more directly to liquid Physical as an *INVESTMENT* and not as a strictly currency hedging (speculative) instrument....WE NEED TO MAKE IT (GOLD) POSSIBLE FOR THEM (investment universe) TO OWN GOLD !!! (Thompson)An old timer poster once said that Gold was/is NOT an *Investment* ! I still don't agree with it, and probably never will. Thompson seems to share that *investment* argument and will most probably succeed in bringing the message across. He (they) must feel the backing of the Architects !? And all this while the precious is so heavy for its humble price...smile with me Aristotle. Golden Bear (5/9/02; 16:19:24MT - usagold.com msg#: 75287) kludge (msg#: 75286) "Peace and prosperity are bearish for gold." Greetings Kludge,the prosperity in your quote is illusory, built by decades of inflation of the money supply of countries around the world, fooling their populations that they are becoming wealthier year over year...until BAM! - Another Argentina occurs, leaving most with very little.Nothing is bearish for the value of gold bullion, only paper gold, which is also part of the grand illusion.Cheers. kludge (5/9/02; 16:03:31MT - usagold.com msg#: 75286) @Rock Yes, it's a sad fact too that the price of gold tends to flourish in bad times. Peace and prosperity are bearish for gold. This, IMO, explains gold's recent rally. Sadly, it'll probably go higher once Israel responds to the latest suicide bombers. I was hoping to keep adding to the collection at less than $300 delivered - but it seems pretty obvious that many will lose much before we get back to those days again. Sierra Madre (5/9/02; 15:50:11MT - usagold.com msg#: 75285) "Domino effect" to affect Brazil and Mexico, after Argentina... It seems to me that Mexico is in a special situation at the moment - oil is strong and that is a very important factor for the Mexican economy; so that would help contain the "contagion". Also, Mexico is next door to the U.S. and is being wooed by the Establishment. Everything is cozy and Mexicans are good boys, they do their homework and behave themselves. Good marks for them, good credit ratings for the nice little boys. All this is preparation for takeover, IMHO.Argentina is left twisting in the wind. It's a matter of "triage". You know, when there is an accident, the medics look over the wounded and they sort them into groups: the dying are just left to die. No use wasting time and resources on them. Scotiabank leaving Argentina, just closed its doors and said goodbye! This is without precedent, so far as I can see. These people really need silver desperately! But, not a single brain there to suggest it.My wife says the people there are broken; not only broke, but broken. A human tragedy.Brazil might cave in. When governments start blaming investors etc. you just know that something is going to happen. Of course, with paper money, what else but ANOTHER collapse? When will people learn??Sierra slingshot (5/9/02; 15:38:14MT - usagold.com msg#: 75284) Siege Engine Time Is Running Out. The Lord of the Castle has burned the Midnight Oil with his Knights and has failed to comprise a viable battle plan.All of strategies revolved in only the defense of his citidel and with the size of his garrison provided very little offensive capabilities. The trebuchet has been effective as it relentlessly batters the wall below the tower.It is morning and the first light of day begins to shine into the room and replaces the candlelight upon his maps. Suddenly, there is an alarm for all to man the walls.There is more excitement. As he ascends the stairs he can hear the comments of his men and he knowns fear when he hears it.He looks out beyond the field and into the rising sun.For a momment he is blinded but soon sees the open green field below and what now stands just in front of the treeline far away.The Goldbugs have formed ranks. Three and four deep and the full lenght of the treeline. They are armed with shields and swords. Bows and maces. Standing shoulder to shoulder.They begin to bang their shields and shout.FREE GOLD, FREE GOLD, FREE GOLD.The Lord of the castle turns and looks into the face of his Knight standing next to him. USAGOLD (5/9/02; 15:05:19MT - usagold.com msg#: 75283) Sierra Madre. . ."Brazil's Cardoso slams behaviour of investors. . ."///////////// ALL: Old Brazilian Gold Coins to be Offered http://biz.yahoo.com/rc/020509/economy_brazil_cardoso_1.html What do you think of the theory making the rounds in the gold market that we may see the Domino Effect in Latin America -- Argentina, then Brazil, then Mexico? Just saw the reports about Cardozo complaining about Brazilian debt being downgraded."Morgan Stanley, Merrill Lynch and ABN Amro advised clients to cut Brazilian debt in their portfolios. . ."All: Soon as Randy get's the backroom work completed we will be offering some one-half ounce Brazilian coins from the 1890s. These are beautiful coins from Brazi's Republican period. There are only a handful available and we have never had anything like this before. I would suggest that anyone who bought the Uruguayan 5 Peso coins and the Argentinos, add these while you can. We will be offering sets of six coins, I believe it is, various dates in the 1890s. Some are scarcer than others but we will offer them all at the same price. The sets will carry a slight discount/encouragement for those with a collector bent who'd like to have all the dates we are offering. We will only have 20 of those so I suggest you act quickly. I think we all know by know how these things go. If its popular, it might only last a few days. Beyond the 20 sets (first-come, first served) you will be order from the hoard whatever date(s) you wish. I think you are going to like this offer.So get ready. . . . .Randy is working diligently behind the scenes to make ready for this interesting offer. Rock (5/9/02; 14:29:39MT - usagold.com msg#: 75282) Yesterdays celebrations todays deliberations Hate to say i said so but I pegged it right on the nose yesterday concerning the stock market. It couldn't even sustain for over a day, what a joke! Cisco's shoulders just arn't big enough to carry the weight of the entire sector. It almost looked like this dying market took one last big gasp of oxygen and appeared for a brief moment that it was going to get back up and fight but then it just fell back over like a dying man on an EKG machine that just went flat line. Meanwhile on concerning the ME, the media is now reporting how Arafat said no more bombing in his arabic tongue, what wonderful great news did you hear that knights and ladies? I'm surprised the markets didn't soar to new heights since there don't appear to be no imminent sign of war now that Arafat made his grand speech. I think we can all sleep better now with those comforting words from the former pultzer prize winner of the PLO. Cheers, Rock TownCrier (05/09/02; 13:14:09MT - usagold.com msg#: 75281) Is this really what the "gold as money" folks want to see more of? http://biz.yahoo.com/rf/020509/markets_precious_5.html NEW YORK, May 9 (Reuters) - ...Some borrowing of 10-year gold suggested a producer was putting on a long-term hedge to lock in prices for gold reserves, one dealer said.-----------Bottom line: Gold as property is the better usage. As "property" its supply can't be inflated through the banking system. As "money" it can -- as we see here in this article.R. YGM (05/09/02; 12:58:45MT - usagold.com msg#: 75280) Aristotle..... From one ole Goat to Another :>) Lets just say there ain't no 50K oz and if there was I'd keep 49 of them and have a little rest in the sunshine.... But as for wealthy, well my health and that of my family is great and I'm keeping what little AU/AG I have set aside as per a simple fellow with simple needs I guess (hypotheticly) I'm wealthy.....Sure could stand a little more time on the Mojos River (Bolivia)tho.....Nothing like seeing that yellow in the Dredge Runs and no Yukon Brrrrrr Cold! One Cerveza and my daydreams head 4000 mi south :))Regards....YGM. Aristotle (05/09/02; 12:36:44MT - usagold.com msg#: 75279) YGM, you old goat! You're (hypothetically) wealthy and you don't even know it! Let's invite everybody to have a closer look at your comments from yesterday.Hey everybody! Have a look at this hypothetical, and tell me what you see.Do you see a man who is a simple $10 profit away from being a half-millionaire, or do you see a man who is truly wealthy?Our most worthy Sir YGM said: "if I had 50,000 oz of Au and had a $10.00 profit I'd probably sell and forget all this financial crap and crime perpetrated by scumbag bankers...Kinda get on with what's left of my life @ age 53."You know I luv ya, so don't take this wrong when I say (hypothetically, of course) "Good God, Man! What are you thinking?!" (Or maybe you were playing devil's advocate? If so, I missed it.)Profits-schmawfits. No, seriously. In my mind, having the comfort and security of 50,000 ounces of Gold wholly-owned in your possession makes you a VERY wealthy man any way you slice it.But let's boil it down to dollars, since that seems to be your affliction for the moment. If indeed Gold was just a trading vehicle for you (in this hypothetical,) buying low and selling higher (for $10 profit per ounce) would net you $half-a-mil. Not bad.But profits or no, and keeping this in dollar terms (because those 50,000 ounces don't seem to impress you very much in their own terms,) that quantity of Gold currently represents $15 million in purchasing power. Most importantly, it's a tangible asset, like your land, that can't be destroyed overnight by a simple national policy change or loss of confidence in the banker's game.You knew this. <wink>Gold. Keep you some. --- Aristotle YGM (05/09/02; 12:19:59MT - usagold.com msg#: 75278) Watch For the Next Move of Brokerage Houses........ (After they re-position house accounts in PMs.......) As the PM stocks go higher in value , so too will the Miners IPO's and Stock Offerings go ballistic...As with the Dot Com craze the Brokerage Houses will be tripping over each other in their haste to gain commissions...Public offerings mean $$$$ in company coffers both by sales and participation and that means promotion of same....Hence companies like Morgan et al will be on the bandwagon driven by Goldbugs....Heck they may even hatch another BRE-X ... ....Like I say 'History Repeats' And we're at the party long before the Band...Watch and see if the spin doctors aren't yapping about Gold on CNBC 6 mo from now......YGM."GO GOLD, GO PHYSICAL, & GO GATA" & Goin for a Cerveza! USAGOLD / Centennial Precious Metals, Inc. (05/09/02; 11:33:31MT - usagold.com msg#: 75277) With gold you can live life like you MEAN it... http://www.usagold.com/ProductsPage.html
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.