I wonder why GOLDMAN SUCKS owns 50% of the Comex gold right now. Wonder why they bought 2000 December 300 strike price calls today. And I also wonder why the rumors are flying that they want 20,000 more December 300's

-- flierdude (mkessler0101@sprynet.com), August 12, 1999

Answers

Decker does not even know what a call is.

-- Decker Slayer (Deckersadud@aol.com), August 12, 1999.

Yes he does, it comes before girl doesn''t it? Economics 101 doncha know...

-- Andy (2000EOD@prodigy.net), August 12, 1999.

Am I going to buzzed every time a investment firm takes a long position in gold? One more time, for the record, I have no personal investments in gold. Gold may or may not be a good long-term investment at current prices... I really don't follow the metals markets. Or is this about some global conspiracy?

On a related note, if I thought Y2K was going to be the "end of the world," I'd buy raw land rather than metals. Land has "use" value and "transaction" value. On good land, you can do all kinds of wonderful things, including live very frugally. I'd invest in other items with "use" value like good tools, good equipment, alternative power sources, a great library, etc. My thought is simple. In scenarios up to and including the Great Depression II, basic infrastructure and commerce continue. In these cases, gold is, well, just gold. If we have a complete meltdown, you can't eat gold, nor is it particularly well-suited as a medium of exchange. "You want two Eagles for that shovel. I'll give you "half" of one Eagle."

Regards,

-- Mr. Decker (kcdecker@worldnet.att.net), August 12, 1999.

Flierdude,

you didn't seriously expect a truthful answer from this contemptible shill did you?

he's COMPLETELY skirted around the fundamental Goldman Sucks manipulation (with their buddies) that is going on...

look at his statement above - alluding to a "conspiracy" in gold as if you were a moron for even suggesting it...

this swine is on a mission, he has an agenda, and it is plain for all to see...

he's so dumb he doesn't know you can get gold eagles in 1/10th oz - actually he knows full well but he wants to influence newbies to his warped way of thinking..

for example - land - his argument is as full of holes as swiss cheese - if TSHTF there will be such a die off that you will be able to move into abandoned houses and have as much land as you want for free - think through the scenario and you'll see what I mean - conversely if you've paid out pre-apocolypse all your life savings on LAND there is no guarantee you will be able to keep it if someone bigger and stronger and better armed comes along...

as usual this shill talks the usual ddecker crapola...

what do you expect???

Flerdude - you should explain what the implications are for this GS activity - ddecker certainly WILL NOT!

-- Andy (2000EOD@prodigy.net), August 13, 1999.

Mr. Decker I agree with you. I haven't purchased any gold because I just have a feeling that food and durable goods will be in demand. I really do not want or need gold when times get tough. Gold may have it's place depending on the current market. But when we are importing goods from other countries that the US no longer manufactures, then it becomes supply in demand. I don't want gold, I want goods that will sustain my life. Gold dealers have a stake in the market, they make their money selling gold not durable goods. For those of you with lots of money to gamble with, gold may be the ticket for you.

-- bardou (bardou@baloney.com), August 13, 1999.

When it reaches the point where someone else will move into an abandoned house and have as much land as they want, it will mean that your gold will be worthless because what is there for you to buy? You can simply take whatever you want and not pay for anything. Your gold is then backed up by what monetary value? How many abandoned houses do you think will have water, electricity,plumbing and surivival supplies? Let's play this all out to it's logical end and scenarios. Someone bigger and more heavily armed person may kill you for your gold. With a gun to your head are you going to tell them where it's at? But the gunman won't be interested in your gold, he'll be interested in your guns, ammo, food, etc.

-- lurking through threads (lurkingatthreads@lurkingthroughthreads.com), August 13, 1999.

Lurking -

You are PRECISELY correct.

My POINT was that double-decker had NOT answered the question, he completely SKATED around it and brought up a true TEOTWAKI scenario...

I'm not gonna get sucked into THAT, just stating that ALL of his arguments are shallow, disingenuous and flawed...

-- Andy (2000EOD@prodigy.net), August 13, 1999.

Mr. Decker,

I just can't understand why Goldman Sucks would pay $1,231,100,000.00 for 473,500 ozs of gold. Or why Warren Buffett would spend $985,600,000.00 on 179,200,000 ozs. of silver. Why would Goldman Sucks want to control 50% of Comex Gold?

I wonder what would happen if Andy 2000 owned 50% of all stocks traded on Wall Street each day? I wonder what I could do if I owned 50% of the orange juice thats traded in the markets each day?

I wonder why Goldman Sucks would also purchase all these December gold calls. They are betting that gold will be at least $310.00 by November 12, 1999. They bet $210,000.00 today that this is so and they want to bet an additional $2,100,000.00 that it will go hiogher by November 12, 1999. As I know you realize, these are highly speculative "BETS". Statistics say that only 3% of options players make money.

You are a really smart guy. Thats why I came to this forum to ask you these questions. Can you please tell me why Goldman would want to own 50% of Comex Gold? I know you can give me a rational answer.

Thank You For Your Response

-- flierdude (mkessler0101@sprynet.com), August 13, 1999.

flierdude,

How do you know Goldman Sacks bought all these Gold options? What are your sources?

-- gambler (scotanna@arosnet.com), August 13, 1999.

flierdude,

If this purchase is true,could it be for a client? How do you know that they want to buy a bunch more?

-- Gambler (scotanna@arosnet.com), August 13, 1999.

Thanks flierdude - decker is too disingenuous to answer this question because it craps on all that he espouses...

Obviously Goldman Sucks knows something that we dont. If you are wondering how they know so much, check the list of Presidential Legal Defense Fund Top Donors Among many on that scum-supporters list I found these three fellows:

Robert B. Menschel NEW YORK NY Senior Director, Goldman Sachs Group Inc. $10,000 (Why I am not surprised?)

Richard J. Eskind Nasville TN Investment Broker/A.G. Edwards & Sons $10,000

Steven Rattner New York NY Investment Banker/Lazard Freres & Co. Inc. $10,000

I can say that their $10,000 donations (a legal way of bribing elected officials) for sure hit the spot and served their dirty purpose very well. Welcome to the information age and the world of well-informed investors.

http://www.opensecrets.org/legalfund/legal_top.htm

from gold-eagle

-- Andy (2000EOD@prodigy.net), August 13, 1999.

Well, first, you might want to check your math.

While I do not work for Goldman Sachs, I'd guess they think gold will be a profitable play. I have no idea what their underlying analysis suggests. There are many reasons gold might increase in price. Given the bloated market, Goldman Sachs or Warren Buffet may think a speculative play in metals is a rational investment. On a side note, I cannot explain the rationale behind anyone's investments except my own. It's just idle speculation to try to guess what Goldman Sachs is thinking.

We can speculate, of course. (Not a bad parlour game.) Given his Ben Graham value investing model, Buffet may be unable to find good companies at reasonable prices in the current market... I know I have trouble finding them. Gold and silver have been dogs for 20 years. Maybe those dogs will have their day?

Without proof of some conspiracy or inside information... I can give little credence to Andy's incessant theories. Buffet, Goldman Sachs, and most other investors on the planet are just trying to make a profit. If you think gold glitters, buy it.

Regards,

-- Mr. Decker (kcdecker@worldnet.att.net), August 13, 1999.

I'm relatively new, to this board, but already I've picked up that being too closely identified with Decker is a good way to get yourself beat on. However, the guy is right on target about gold. If you are buying lot's of gold, you are either A)Betting on something other than the end of the world. B)Silly.

In a TEOTWAWKI scenario it would be a while before any exchange medium would be accepted. It would take a while before people would have the confidence that if they accepted a form of currency, would the next person accept it, from them. Even if it only took a decade, which I think would be a tad optimistic, you'd most likely be long dead before anyone wanted what you were holding, if you had everything tied up in gold.

Every once in a while, someone tries to corner the world market on this or that precious metal. Maybe this REALLY is, just a coincidence.

-- Bokonon (bok0non@my-Deja.com), August 13, 1999.

Bokonon:

You'll find that Decker is well-spoken and reasonable, even if you don't always agree with him. The beating you're talking about is only a few people, and those few beat on anyone who sounds halfway intelligent or informed, just as a matter of principle.

In fact, I'd say that if Decker said 2+2=4, Andy would say it's 5 just to try to make Decker look stupid. Except Andy probably *already* thinks it's 5, just by applying his usual thought process!

-- Flint (flintc@mindspring.com), August 13, 1999.

No high five for you Flint :(

-- Andy (2000EOD@prodigy.net), August 13, 1999.

Bokonon,

Think of it less as "beating" and more as "ankle biting." There are folks on the forum who cannot separate my writing from their personal opinion of me. It's really a question of intellectual maturity.

I am not afraid to agree with a serious pessimist on an issue. For example, I think Big Dog's recent post on the threat of domestic terrorism is well-stated. Personally, I think Big Dog is a Y2K zealot who has unapologetically engaged in scurrilous tactics including some rather repugnant name-calling. Despite my generally low opinion of Russ (aka BD), I can still read his work with an objective eye. If I agree with him, I am not afraid to admit he may have a point.

Folks like Andy struggle with the fact that I might be right about something. Perhaps it creates some sort of cognitive dissonance. "If Decker is right about "A," maybe he's onto something about "B?" It's much easier just to demonize one's opponent. This way, you can ignore the substance of the argument and focus on personal attacks.

As you watch the debate on Y2K, you'll easily distinguish the thoughtful folks from the forum bullies. If I have any advice, be not afraid. If you persevere, you'll earn this forum ultimate honor, the contempt of the contemptible. You also may find folks who surprise you. Mr. Heller and I recently sallied forth, and eventually found a civil end to our discourse. I was pleased and my opinion of Mr. Heller rose.

Oh, the converse it true. Flint and I disagree on occasion. We also have a defined respect for one another. Welcome to the forum.

Regards,

I'm relatively new, to this board, but already I've picked up that being too closely identified with Decker is a good way to get yourself beat on. However, the guy is right on target about gold. If you are buying lot's of gold, you are either A)Betting on something other than the end of the world. B)Silly. In a TEOTWAWKI scenario it would be a while before any exchange medium would be accepted. It would take a while before people would have the confidence that if they accepted a form of currency, would the next person accept it, from them. Even if it only took a decade, which I think would be a tad optimistic, you'd most likely be long dead before anyone wanted what you were holding, if you had everything tied up in gold.

Every once in a while, someone tries to corner the world market on this or that precious metal. Maybe this REALLY is, just a coincidence.

-- Bokonon (bok0non@my-Deja.com), August 13, 1999.

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Bokonon: You'll find that Decker is well-spoken and reasonable, even if you don't always agree with him. The beating you're talking about is only a few people, and those few beat on anyone who sounds halfway intelligent or informed, just as a matter of principle.

In fact, I'd say that if Decker said 2+2=4, Andy would say it's 5 just to try to make Decker look stupid. Except Andy probably *already* thinks it's 5, just by applying his usual thought process!

-- Flint (flintc@mindspring.com), August 13, 1999.

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No high five for you Flint :(

-- Andy (2000EOD@prodigy.net), August 13, 1999. 9

-- Mr. Decker (kcdecker@worldnet.att.net), August 13, 1999.