My friend just told me, who works closely with the exchanges. Hope nobody out there has too much gold sitting around.

-- BONG (bongh@inter.net), January 01, 2000

Answers

Now I know why your handle is BONG.

-- TM (mercier7@pdnt.com), January 01, 2000.

Thats crap. Nothing in any chart, news story or market mood shows any such move is coming.

Gold is hovering around its correct valuation. Might drop a few $$ but nothing major.

GO AWAY !!

-- hamster (hamster@mycage.com), January 01, 2000.

always a good sign when bashers show up.

I just can't believe they think this forum holds enough gold to make adifference.

They must really want our Gold badly.

I'm increasing my silver this week.

Go ahead troll bash away but realize this place is full of gold hoarders and we ain't selling!!!!!

-- Johnny (jljtm@bellsouth.com), January 01, 2000.

If gold goes down to $50.00 an once. I'll buy a lot of gold. Your friend at the diaper exchange really must know his shit.

-- Rubicon (Notmy@ddress.net), January 01, 2000.

Sorry you guys, but I'm just the messenger. Saw a post up there on gold and thought I would mention it. Bong

-- BONG (bongh@inter.net), January 01, 2000.

Bong,

You seem sincere. We don't mean anything personal. Live and learn. The more you hang around here, the quicker you'll see that there a a few malcontents who deliberately bait the forum. They usually get jumped on...and rightfully so.

-- TM (mercier7@pdnt.com), January 01, 2000.

Rubicon for gawds sake - reread the sentence - it will open down $50.00 an ounce not AT $50.00 an ounce. You better retake your Evelyn Wood speedreading class.

Hey messenger - If someone gave you a line of bull would you carry that and spread it around too?

-- Guy Daley (guydaley@bwn.net), January 01, 2000.

Thanks for the heads-up on Gold. To put things in perspective, read the latest here from FOA. Think back a few months, gold went up the equivalent of 60% annualised. The DOW is currently at 20%.

Gold is a means of protecting ones wealth. In the near term future, when Gold runs, you may begin to understand...

"All of Another's Thoughts and my comments are directed toward "physical gold owners and by extension "physical gold advocates". These people have read all of these ongoing posts (some have been involved privately long before the current "gold forums stage") and know the thinking is strategic as it applies to a moving, evolving political target! Each group of posts are but a snapshot in time as it applies to this changing chess game. Yet, the end results remains the same, the destruction of our present pricing system for gold, a huge increase in the dollar price of physical gold, the eventual use of gold a Euro reserve settlement currency along with the new free market that must evolve with it.

"Physical Gold Advocates", such as I (and readers) have brought gold from the high $360s into the low $280s because of this ongoing timeline of events. A timeline that is now quickly being depleted as the Euro builds it's position in the world. I submit, we are not hurting in any comparable way as our gold holdings are in a good large proportion to our total assets. And certainly our asset values have not been impacted as the gold derivatives players have (gold stocks included). When behind the stage power plays are in progress, the possible short term outcome is presented. Yet, it is presented with the knowledge that readers will think bullion, not derivatives. As such, if the chess game moves into another stage, no hard loses are taken by anyone.

ALL: The historical record of physical gold alone is enough to justify a real gold holding. I add that the record for mining shares and the other leveraged derivatives are lacking in their long term comparison. These items are as new and peculiar to the modern investment scene as is the current dollar "off the gold standard"! Players often tout these paper investments to be as good as gold, yet they are truly only as good as the dollar marketplace for gold! Still, I own some gold shares (gold), but only in a small proportion.

We conclude that the coming bull market in gold will be unlike anything before it. Today, the leverage is in physical gold, not paper gold. This latter day track record of derivatives, gold stock options, gold options, gold stocks, etc. all clearly demonstrate this changing function. The horrendous ongoing, long term loses, built up by these paper bull traders is evident. With each downturn, they search for greater and greater leverage, in a attempt to return to "even". All the while, the bullion buyer slowly amasses a large "highly leveraged" position, just by channelling his would be trading loses into paid up physical and rare gold coins.

One day, the dollar paper gold markets will be driven into "Force Majeure", during a transition from the current dollar reserve system. With each political announcement, the stress on the London market will grow. We know this position and understand it well. Yet, no one can guess when the last bullion delivery will spell the end for paper credibility. I only offer the month by month level of stress and how it may impact bullion. As for this Y2K item. I fully acknowledged it potential for impact on the dollar. Yet, in my posts, I offered my feelings that it would not be severe. Clearly, we have larger items to address that this.

More later. FOA"

-- Andy (2000EOD@prodigy.net), January 01, 2000.

I hope gold does go down $50/oz. I'll use my cash to add to my stash it that is the case...

-- Nabi (nabi7@yahoo.com), January 01, 2000.

FOA (01/01/00; 20:34:38MDT - Msg ID:22008) Comment mhchuck (12/31/99; 19:13:55MDT - Msg ID:21928) Just Another Squashed Bug.---------------- ----and---------- mhchuck (12/31/99; 19:22:25MDT - Msg ID:21931) Do We Have Free markets? Yuk, Yuk, what an industry, if the price of the item they are producing rises...they all go bankrupt. Please come and get me, I'm ready for the nuthouse.---------------------

Hello and welcome mhchuck,

Well, if you have come this far down the gold trail, we might as well finish the hike. The end of this is closer than many think. My dad always said don't worry about the big bully in town. There is always someone bigger and tougher than him wait for the chance to ????? The same is true in the money power game. I never said that the Euro was not going to be a tough "dude". He is and he will work the dollar over with the help of gold. We are only pointing out (to the average person) that the timeline of the dollar is ending and the transition will be sudden and harsh on dollar asset holders. Truly, gold will not be an "innocent" bystander in this fight. It's historic power to break empires will certainly come into full use. Again, bullion will be the survivor with the most leverage in this battle. Yes, the gold mines will still have valuable reserves and be in full operation as this all unfolds. It's only the equity holdings of these "businesses" (not all, just most of them) that will be ransacked as the gold marketplace is up-ended.

FOA

-- Andy (2000EOD@prodigy.net), January 01, 2000.