OT: Is there really gold in that thar U.S. Mint?

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Pulling an "Andy" here, the following is the latest editorial at www.gold-eagle.com.

Thinking the Unthinkable


-- Jack (jsprat@eld.net), June 28, 1999


Golly gee, you mean it's possible that our past rulers, as well as the present ones, could have lied to us? Who'd a thunk it?

"In politics, the scum rises to the top."

-- A (A@AisA.com), June 28, 1999.

Saw that Jack, didn't want to post it as No Spam would have another apoplexy :)

-- Andy (2000EOD@prodigy.net), June 28, 1999.

This "gold is gone" theory, rumor (fact) etc. has been going on for some thirty years that I know of. I used to pan for gold and at that time it was worth $38.00 per ounce, that was mid 60's. In the early seventies I watched it go to $800.00 per ounce, some people bought it at that price and a few short days later......got screwed!

"Something happenin' hear, what it is ain't exactly clear. There's a man with a gun over there, telling me I got to beware!"

-- freeman (freeman@cali.com), June 28, 1999.


Your post has brought back some great memories of 'pannin' on the Feather River outside of Quincy, CA. I too remember the gold frenzy that took place in the mid-seventies. In SoCal it seemed there was a gold broker on every corner and I recall the buy price getting up around $865 per ounce. It was then that I decided all of the 'disco' jewelry had to go. As I recall, true to Mr. Newton's Law, the price per ounce plummeted shortly after. BTW, the only time that I have ever seen any visual proof of our countries gold holdings was the movie Goldfinger. I mean, they wouldn't fake it would they?

-- Barry (bchbear@earthlink.net), June 28, 1999.

What you mean like the moon landings :)

Capricorn One anyone...

-- Andy (2000EOD@prodigy.net), June 28, 1999.

Seems to me that the US, IMF and UK banks have been purposely surpressing the price of gold. Read a while back that producers were pissed. Makes sense to me as they want to avoid an overheated economy and most have moved away from the Gold Standard.

Personally I'm investing in the "lead standard". I figure my 7.62 Nato rounds will go a long way in Y2K.

-- Jim Smith (cyberax@ix.netcom.com), June 28, 1999.

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