OT/Gold: gold-eagle editorial on the continuing War On Gold (multi-part series)greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
-- Jack (jsprat@eld.~net), December 10, 1999
Y2K and the War on Gold.
Doesn't this conjure up the image of two locomotives rushing together on the same track?
-- (Running for cover)LM (email@example.com), December 10, 1999.
Gawd, this is saying that there is a possibility that the U.S. may have SOLD all the gold that it had in Fort Knox back when Lyndon Johnson was president??????!!!!!!!!
If someone powerful enough wanted to make a big stink about this, as in "Ok, U.S., SHOW ME your gold -- put up or shut up!", and this turned out to be true.... Don't even want to think about it. (Though maybe we could buy 'em off with Internet ".com" stocks....)
-- King of Spain (firstname.lastname@example.org), December 10, 1999.
the reason gold is cheap is due to low demand versus large supply! Good grief,gold has been a lost cause for 20 years. If it is so easily "manipulated",what good is it as an investment?? Are you suggesting that the powers to be, "manipulate" it higher??? Let the free market set the price. If it's in demand, the price will rise, if not ,it will fall,seeking it's own level.
-- k (email@example.com), December 10, 1999.
The truth is, if the market truly were free you would see a much higher POG. Since when does anyone think we have free markets? When the price of oil goes up there is always some congressman who wants bluff the world into thinking we'd use the strategic petroleum reserve to offset higher crude oil prices. Gold demand has increased and outstripped supply for the past several years, and the bullion banks are selling much more gold into the marketplace than they actually hold. If the buying entities were to demand physical delivery, the major exchanges such as London (LBMA), which performs most of their transactions in guarded secrecy, would collapse overnight. In other words, there a lot of paper gold IOUs out there that have absolutely no physical backing. The U.S. Federal Reserve is PRIVATELY owned by the Rockefellers, the Rothschilds, and Goldman Sachs and has a vested interest in manipulating gold to make it appear that inflation is low and the dollar is strong or stable. In addition, there is ample evidence to show that the highly publicized CPI and PPI indices are inherently flawed for political purposes. Otherwise, if gold were allowed to rise significantly, the U.S. Treasury bond market and banking system with 100 trillion$ in derivative exposure could collapse and the entire world-wide financial system could be jeopardized.
-- J W (firstname.lastname@example.org), December 10, 1999.
NOT TRUE!!!! Click here 2nd. paragraph from last!!
-- lk (email@example.com), December 11, 1999.