You have a tiny audience here that has borne the consequences of theoreticticians as you.
If your "philosophy" is so persuasive, then, you should come to our doors to collect the monies that support your group.
You haven't got the guts.
BTW, did you get some RYO? Up against the trend.
Hail to the farmers, and the mechanics, The woodsman, the miner, the teachers, and the men who risked everything. Do we know any men or women of this caliber now?
God bless America.
Moon saying hi, I guess.
Hi, Moon.
Yes, she said. She sure hopes it works. Turns out the electronic teller right outside wouldn't accept any 00 credit cards. The processing of them was farmed out to another company, which couldn't process them! The y2k was only for our own files, I guess.
And down the slippery slope we slide.
Now, the fact is; some of we "givers" might be a recalcitrant lot.
We give to our wives, immediate family, the wife's extended family, with reluctance.
As I guess, ROR, you are a lawyer in New York.
How about making a name for youself- investigating any one of the hundred-or-so poverty agencies in your town.
You know, the milk of human kindness racket.
TVX is really down now.
ROR, do you think that TVX is vastly oversold now?
Kinross seems to be somewhat the same.
I don't care for ABX anymore.
Good night gentlemen.
Apparently, a decrease in the Rand value sparks rises in the JSE Gold Index
1993: Relatively small Rand/$ FX loss sparks 200+% rise in the JSE Gold Index
1995/96: Relatively modest Rand/$ FX loss sparks 70% rise in the JSE Gold Index
1998: Rand/$ FX just lost about 34% in recent months ( but accelerated last week. Subsequently JSE Gold Index soars more than 35% ( 800 to 1080 ) in last five trading sessions.
Like ol' cigar face once asked: Is this the end of the beginning, or the beginning of the end?
Methinks Randgold & Exploration ( RANGY ) , Harmony Gold ( HMGCY ) & Durban Deep ( DROOY ) will soon soar!
Pertinent charts. Delete extra letters "en" in word "golden" before posting to the Internet:
http://www.golden-eagle.com/intra-day/JGAI3m.html
http://www.golden-eagle.com/south_africa/rand_currencies.html
I've been reading, learning, forming opinions, unforming opinions here for the last few months. I came here ( Kitco ) only to learn about gold. I found much more ( thankful and grateful ) . I have found intellectuals ( in the good sense of the word ) , poets, patriots ( in the true sense of the word ) , and in general a group of men and women who have lived, and lived deeply, and have mined the nuggets of truth personally, and are willing to share with others ( Mozel comes to mind, not to lessen the contributions of others by mentioning him only ) .
I am reminded of a passage from Emerson's essay, "The Over-Soul": "And so in groups where debate is earnest, and especially on great questions of thought, the company becomes aware of their unity; aware that the thought rises to an equal height in all bosoms, that all have a spiritual property in what was said, as well as the sayer. They all wax wiser than they were. It arches over them like a temple, this unity of thought, in which every heart beats with nobler sense of power and duty, and thinks and acts with unusual solemnity. All are conscious of attaining to a higher self posession. It shines for all. There is a certain wisdom of humanity which is common to the greatest men with the lowest, and which our ordinary education often labors to silence and obstruct. The mind is one, and the best minds, who love truth for its own sake, think much less of property in truth. Thankfully they accept it everywhere, and do not label or stamp it with any man's name, for it is theirs long beforehand."
I came here knowing about computers, knowing that the problem would not be solved in time with Y2k. I did not, ( and do not know ) exactly *what* that means for society. I cannot in good consience tell others what they *should* do about this. I can only tell them what I am doing, and I tell very few about that. I have found others here who know a lot about gold, and its history. I've found out about a 20 year bear market in gold. I've seen some think gold will go as low as $6/oz, and others as high as $30,000/oz. I've seen traders discuss whether the events of the day will make prices go up or down.
The only reason I bought gold, physical, was to preserve value going forward. Not to invest, not to make money, not to profit by gloom and doom, but to preserve what little my family has. At the end of the day, I have to say, that I am emotionally comfortable with holding for the long run, but intellectully concerned that the banks, worldwide will continue their discreditation of gold as a monetary asset, and that with their superior power, they will artifically deflate gold, until no one holds it but them.
I have seen comments here before ( not so many recently ) about getting the holding of physical gold more widely accepted. Since I know ( firsthand ) how difficult it is to talk to people about computers and Y2k, and I also know how difficult it is to talk about gold ownership, I am not convinced there is any way to present these concepts simply, effectively, and with a broad enough base to have any real impact.
However, I do think ( echoing others I have heard here ) that the physical ownership of gold by *people*, could be an effective countermeasure against the consortium of international banks, and could be in fact, the most revolutionary device available against that threat. As I see it now, the threat is not mere nationalism, but "bank-ism". With manipulatable currencies, and cycles of inflation/deflation, I see how the oscillating effect "Pumps" wealth from people to banks who then control with another's power. It's quite scary actually. I've dug deep in my computer life ( 35 years ) and really understand that we've got a big big problem. Bigger than I can communicate effectively. When others venture "Hey, didn't you guys conspire to create this mess so you could get rich fixing it?" I say, "No, there is no conspiricy, that's just how it is". But with gold, how it appears has the hallmarks of a conspiracy, and the little digging I've done here seems to reinforce those beliefs.
I'd like to thank you in advance for this longish posting. I've posted on a weekend to stay "out of the fray", but wanted to let you folks know how much I appreciate all of you, and what my thoughts on the subject are now. Bottom Line? IDCIBM! :- )
ALL - this is a great bookmark!
Ans., yes. We have that situation right now.
Currently the inflation rate in the US is about 2 % as measured against the dollar. What would the inflation rate be measured against gold?
The reason for this inflation is too much money chasing to many goods.
What would happen in a deflation? Money would become dear with respect to goods & services
of Eastern Wash & OR, in order to free themselves of this slavery. I've lived in Wash. 7 years and 2.5 in OR. Youre right - OR is tough on taxes. Also - do you like rain? Can you go a month w/o seeing the sun?
Don't mean to imply all W. OR are hippies - we got lots of 'em here, too. Don't mean to discredit all hippies, either - some of 'em actually have jobs.
On the other hand, it's a beautiflu state, with lots of variety in climate/scenery/recreation, etc. Wher I live, if you drive 1/2 hr. in one direction, yer in the middle of a seeming wasteland where you'd be lucky to see a scrawny ol' coyote wandering around the sagebrush. 1/2 hr. in the other direction, yer in the middle of a stand of ponderosa's 100 ft. tall listening to elk bugling somewhere off in the distance. FWIW.
Talking to a brick wall has little effect. Would you folks with a little common sense, please not respond to ROR's hogwash. PULEASEEEEE!
Read the following...
http://www.friend.ly.net/GEET/device.htm
this is the homepage for the article to extract additional information.
http://www.friend.ly.net/user-homepages/r/rcolvin/#Introduction
My compatriots, we have been sold out to the highest bidder, because we have allowed it to be so. We have been buried by our personal lives, peppered by over-all stress, localization of our concerns, and a pervasive belief that one voice would count for not.
For those nay sayers out there, tell me I am wrong.
As Americans and as believers in the true meaning of FREEDOM, I do believe we have similar agendas when it comes to family, community and country. We have been too busy making our dreams a reality to see that the vehicle for same is driving us toward an abyss. Whom out of the lot of our countrymen wants to dis-agree?
We are 250 million people strong. Is there someone out there who is willing to acknowledge our strength?
The technocracy in place would cringe at a united understanding of FREEDOM and right of will.
How many global kitcoites resonate to this understanding and will be there when the rotary osciallator spews the dung?
http://www.bis.org/press/index.htm
12 May 1997
The BIS, and one of their more recent accounts concertning gold.....
It's only 50 years old........
Find out more about Kitco at info@kitco.com, or call 1-800-363-7053.
Copyright © 1996 Kitco Minerals & Metals Inc.
We've already had 16 hrs of 7/4 and it's a beautiful day to wake up to.
Anyone seen any Fireworks online?